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Property profile & analytics
FOR SALE
Office buildings
8503 W Clearwater Ave Kennewick, WA 99336
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0998400
For Sale
1 / 23
$3,415,000
8503 W Clearwater Ave, Kennewick, WA 99336
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2012
Construction
CONCRETE
Total area
12,016 SF
Lot
1.19 ac (51,623 SF)
APN
106892012960003
UPID
US90-0998400
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.03M
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$3.42M
Owner & transaction history
Ridgeview Real Estate LLC · 18 yrs held
Ridgeview Real Estate LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.4M
+106.0%
Commercial (general)
$3.5M
+33.2%
Restaurant
$3.0M
+13.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,280,000
6.5%
$3,025,000
7%
$2,810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,630,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,415,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,500,000
Change: +33% · Conversion: Easy
RESTAURANT
$2,985,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$3.42M
Range $3.07M – $3.76M · ±10%
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
$284 / 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
$3,074,420
Assessed 2023
Previous assessed
$3,023,760
+1.7% YoY
Assessed land
$309,460
Assessed improvement
$2,764,960
Land market value
$309,460
Improvement market value
$2,764,960
Total market value
$3,074,420
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
2012
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
12,016 SF
Lot
1.19 ac (51,623 SF)
APN
106892012960003
UPID
US90-0998400
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
OFFICE BUILDING Current
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
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
2012
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Ridgeview Real Estate LLC
Entity
Mailing address
8511 W CLEARWATER AVE STE C, KENNEWICK, WA 99336-9592
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2020
—
Ridgeview Real Estate LLC
—
Deed
related
$1,442,227 · Umpqua Bk
Apr 24, 2018
—
Ridgeview Real Estate LLC
—
Deed
related
$1,417,382 · Umpqua Bk
Mar 20, 2012
—
Ridgeview Real Estate LLC
—
Trustees Deed
related
$300,000 · Sterling Savings Bank
Mar 14, 2008
$322,000
Ridgeview Real Estate LLC
Rankin Family
Warranty Deed
$234,225 · Columbia River Bank
—
—
Ridgeview Real Estate LLC
—
Deed Of Trust
related
$234,500 · Community First Bank
—
—
Ridgeview Real Estate LLC
—
Loan Modification
related
$1,417,382 · Umpqua Bk
—
—
Ridgeview Real Estate LLC
—
Loan Modification
related
$1,442,227 · Umpqua Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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