Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    803 S Washington St Kennewick, WA 99336
    Back to Search
    Property profile & analytics

    803 S Washington St, Kennewick, WA 99336

    View on Map
    • Parking lots & garages
    • 0.44 lot acres
    For Lease
    $3 SF/Yr
    View Listing →
    Corner Lot Ground Lease Opportunity For Lease
    $3 SF/Yr

    Corner Lot Ground Lease Opportunity

    Corner lot available for ground lease or build to suit.

    803 S Washington St, Kennewick, WA 99336
    View Listing
    Property ID
    US90-1465974
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 803 S Washington St

    Lot size
    0.44 lot acres
    Zone code
    21
    Property type
    Parking lots & garages
    APN
    106803110001010
    APU
    106803110001010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 15, 2016 — Couture Investment Group-k LLC Couture,john F Quit Claim Deed · related —
    Dec 4, 2015 — John F Couture Bingham-couture,paula K Quit Claim Deed · related —
    Dec 4, 2015 $2,468,000 John F Couture Artur Thiel Warranty Deed —
    Nov 23, 2015 — Arthur Thiel Benton-franklin Surgical Assoc Quit Claim Deed · related —
    Nov 19, 2015 $45,000 Benton-franklin Surgical Assoc Kite,barbara A Warranty Deed —

    Description

    This exceptional 0.444-acre lot, located at 803 S Washington St, Kennewick, WA 99336 (APN 106803110001010), presents a unique build-to-suit or ground lease opportunity. Zoned Community Commercial - Flexible Use, this property offers unparalleled versatility. The 19,318 square foot lot is situated on the corner of S Washington St and E 8th Ave, providing excellent visibility and accessibility. Existing utilities are already in place, and the lot is graded, with a curb cut, making it "shovel ready" for immediate development. Ideal for a variety of uses, including retail, office, or mixed-use developments. Consider a detail shop, pilates/yoga studio, martial arts studio, beauty salon, or coffee shop. This property's prime location and flexible zoning make it an exceptional investment opportunity in a thriving Kennewick commercial district. The property's corner location ensures high visibility and accessibility for potential businesses. Don't miss this chance to acquire a ready-to-develop lot in a desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.117
    Latitude
    46.1998
    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
    $140,830
    $6,590
    $147,420
    -
    $140,830
    $6,590
    $147,420

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      Kennewick, WA 99336

      PARKING GARAGE, PARKING STRUCTURE
      Kennewick, WA 99336
      View Details
    • Value Estimation by Request
      639 SF

      530 Columbia Dr

      PARKING GARAGE, PARKING STRUCTURE
      530 Columbia Dr, Kennewick, WA 99336
      View Details
    • Value Estimation by Request
      1.00 Acre

      Kennewick, WA 99336

      PARKING GARAGE, PARKING STRUCTURE
      Kennewick, WA 99336
      View Details
    • Value Estimation by Request
      0.29 Acres

      2528 1st Ave

      PARKING GARAGE, PARKING STRUCTURE
      2528 1st Ave, Kennewick, WA 99336
      View Details
    • Value Estimation by Request
      1,116 SF

      110 Cascade St

      PARKING GARAGE, PARKING STRUCTURE
      110 Cascade St, Kennewick, WA 99336-3850
      View Details
    • Value Estimation by Request
      0.79 Acres

      Deschutes Ave

      PARKING GARAGE, PARKING STRUCTURE
      Deschutes Ave, Kennewick, WA 99336
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,870 SF

      Kennewick Retail Center For Sale

      15,870 SF retail center anchored by O’Reilly Auto Parts.
      7201 W Clearwater Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing
      0.70 Acres

      Kennewick Retail Space For Sale

      Retail property available for sale in Kennewick, Washington.
      6494 W Skagit Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing
      0.26 Acres

      Kennewick Retail Opportunity

      Retail property available for sale in Kennewick, Washington.
      7525 W Deschutes Pl, Kennewick, WA 99336
      View Details
    • $860,000
      5,821 SF

      Kennewick Drive-Thru Retail Space

      Prime Kennewick location, vacant bank, drive-thru.
      138 Vista Way, Kennewick, WA 99336
      View Details
    • Contact for pricing
      0.34 Acres

      Kennewick Retail Opportunity

      Retail property for sale in Kennewick, Washington.
      2810 W Kennewick Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing
      1.26 Acres

      Retail Opportunity in Kennewick, WA

      Retail property for sale in Kennewick, Washington.
      7275 W Clearwater Ave, Kennewick, WA 99336
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      860 SF

      Clearwater Avenue Commercial Space Available

      Commercial space on Clearwater Ave, suitable for retail or showroom.
      4816 W Clearwater Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Retail Opportunity in Kennewick Center

      High-traffic shopping center with diverse co-tenancy and ample parking.
      2825 W Kennewick Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 4,000 square feet.
      6018 Clearwater Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space For Lease

      Retail suites available for lease, tenant build-out opportunity.
      910 S Columbia Center Blvd, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Retail/Office Space Near Columbia Mall

      Retail or office space available in high-traffic Tri-Cities location.
      7509 W Deschutes Ave, Kennewick, WA 99336
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    803 S Washington St
    Kennewick, WA 99336
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    803 S Washington St, Kennewick, WA, 99336
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!