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Property profile & analytics
OFF-MARKET
Estimated value
$4,690,000
Retail properties & Spaces
751 Columbia Ctr Blvd Kennewick, WA 99336-7804
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-3007636
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1988
Construction
CONCRETE
Total area
16,275 SF
Lot
1.5 ac (65,340 SF)
APN
131994000003000
UPID
US90-3007636
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Natural Grocers Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.69M
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$4.50M
Blend (final)
Blend
$4.69M
Owner & transaction history
Melnic Capita Group INC · 1 yrs held
Melnic Capita Group INC
since 2024
Last sale
$4.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.3M
+167.9%
Commercial (general)
$4.7M
+73.2%
Restaurant
$4.0M
+47.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kennewick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennewick submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,690,000
ML approach
$4,690,000
CAP Approach
CAP Return
Estimation
6%
$3,190,000
6.5%
$2,945,000
7%
$2,735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,335,000
Change: +168% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,740,000
Change: +73% · Conversion: Easy
RESTAURANT
$4,045,000
Change: +48% · Conversion: Easy
OFFICE BUILDING
$3,560,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$4.69M
Range $4.22M – $5.16M · ±10% · vs last sale $4.69M (Sep 12 2024)
Last sale anchor
$4.69M
Sep 12 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$288 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$3,345,220
Assessed 2023
Previous assessed
$2,475,660
+35.1% YoY
Assessed land
$1,528,710
Assessed improvement
$1,816,510
Land market value
$1,528,710
Improvement market value
$1,816,510
Total market value
$3,345,220
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
16,275 SF
Lot
1.5 ac (65,340 SF)
APN
131994000003000
UPID
US90-3007636
Jurisdiction
BENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RESTAURANT
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Melnic Capita Group INC
Entity
Free & Clear · 1 yrs held
Mailing address
8004 AVENIDA SECRETO DR STE #210, CARLSBAD, CA 92009-9550
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
—
Melnic Capita Group INC
Washington Ventures Re LLC
Special Warranty Deed
—
Sep 12, 2024
$4,690,000
Eulmi Wa LLC
Washington Ventures Re LLC
Special Warranty Deed
—
May 5, 2023
—
Washington Ventures Re LLC
Bfk Associates
Warranty Deed
—
Jan 5, 2023
$4,188,202
Washington Ventures Re LLC
Bfk Associates
Warranty Deed
$2,515,875 · Firstcapital Bank Of Texas NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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