911 Auburn StKennewick, WA 99336

Property Details for 911 Auburn St

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

3,426 SF

Property type

Office buildings

APN

101894010418005

APU

101894010418005

Description

This 2,592 square foot traditional office space, located at 911 S Auburn St, Kennewick, WA 99336 (APN 101894010418005), is currently single-net leased to a stable non-profit health services organization. The lease has four years remaining. The property boasts a 7.8% cap rate and a projected Net Operating Income (NOI) of $24,991 in 2024. Part of the 16-unit Auburn Center commercial condo complex, this building underwent cosmetic renovations in 2021 and is situated in a prime location, connecting to 10th Avenue and just one block from Washington Street, key arterials in the Southeast Tri-Cities area. The Auburn Center benefits from its proximity to the ongoing $15+ million renovation of a former hospital, slated to reopen in 2025 as a large-scale outpatient mental health and addiction treatment center. This presents significant future growth potential. The asking price for this exceptional investment opportunity is $325,000. The property is part of a complex that historically served as an adjunct to Kennewick General Hospital and now houses a mix of medical, health, non-profit, and professional office tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $698,105

  6.5%

  $644,405

  7%

  $598,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $730,457

  Geo Method

  $730,457

• Alternative Use

  Use

  Valuation

  Residential

  $799,062

  Hospitality

  $731,937

  Educational

  $608,963

  Medical

  $629,906

  Retail

  $947,275

Location Insight

City

Kennewick

County

Benton

State

Washington

Latitude

46.1988

Longitude

-119.118

CBSA code

28420

CBSA name

KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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