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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7303 Canal Dr Kennewick, WA 99336-6605

    • Commercial real estate
    • 4,905 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0942805
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Plato's Closet - Kennewick / Clothing & Fashion Store
    • Mid-Columbia Boat and RV Show / Hotel & Motel / Resort
    • P. S. Media Inc / Advertising Agency / Marketing & Advertising
    • Tersa Esthetics / Spa & Massage Center / Skin Care Clinic
    • Dr. Steven Zwiener / Alternative Medicine Practice

    Property Details for 7303 Canal Dr

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.68 lot acres
    Property size
    4,905 SF
    Zone code
    26
    Property type
    Commercial real estate
    APN
    132992000002001
    APU
    132992000002001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $790,000
      Market price range: $248k - $1.06M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.219
    Latitude
    46.2263
    CBSA code
    28420
    CBSA name
    KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $360,120
    $730,260
    $1,090,380
    -
    $360,120
    $730,260
    $1,090,380

    Comparable in this City

    • Value Estimation by Request
      0.34 Acres

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    • Value Estimation by Request
      961 SF

      216 Columbia Dr

      COMMERCIAL (GENERAL) • 961 SF
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      5,376 SF

      311 Columbia Ctr Blvd

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      17,282 SF

      1901 Steptoe St

      COMMERCIAL (GENERAL) • 17,282 SF
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    • Value Estimation
      $1,850,000
      9,379 SF

      8511 Clearwater Ave

      COMMERCIAL (GENERAL) • 9,379 SF
      8511 Clearwater Ave, Kennewick, WA 99336-9592
      View Details
    • Value Estimation
      $1,625,000
      10,516 SF

      9115 Clearwater Ave

      COMMERCIAL (GENERAL) • 10,516 SF
      9115 Clearwater Ave, Kennewick, WA 99336-8620
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.03 Acres

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      Kennewick Restaurant - Turnkey Operation

      Established Restaurant, High-Traffic Location, Ready to Go!
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      0.13 Acres

      Kennewick Office Condo For Lease

      Prime Location, 1,315 SF Office Space
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      Kennewick Office Building Investment

      Prime 12,448 SF Office, Kennewick, WA
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      1.71 Acres

      Kennewick Commercial Land For Sale

      1.71 acre commercial land available in Kennewick, Washington.
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    • $1,777,240

      Columbia Center Blvd Commercial Land

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    Similar Nearby for Lease

    • $20 SF/Yr
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      Plaza West Office Space, Kennewick WA

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    • Contact for pricing
      10,980 SF

      Prime Retail Space, Canal Dr.

      Modern Retail, Restaurant Space Available
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      View Details
    • $16 SF/Yr
      53,000 SF

      High-Traffic Retail Center in Kennewick

      Established retail center with high visibility and strong tenant synergy.
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      View Details
    • $14 SF/Yr
      5,078 SF

      Kennewick Office Building with Golf Course Views

      Three-suite office building in Kennewick, WA, near Highway 395.
      1721 W Kennewick Ave, Kennewick, WA 99336
      View Details
    • $11,817 /Mo
      3,506 SF

      Remodeled Office Space in Kennewick

      Newly remodeled office space in Kennewick's premier office district.
      8203 W Quinault Ave, Kennewick, WA 99336
      View Details
    • $14 SF/Yr
      1,892 SF

      Renovated Suite Ideal for Retail

      Renovated suite suitable for retail, fitness, or social services.
      821-821 S Auburn St, Kennewick, WA 99336
      View Details
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    7303 Canal Dr
    Kennewick, WA 99336-6605
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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