Auto Shop Building on Large Corner
For Sale
$849,000
111 First, Deer Park, WA 99006
Former autobody repair shop with nearly 6,000 SF of buildings and extra corner-lot parking space.
Property Size5,820 SF
Price / SF$145.88
Days on Market38
Property Features for 111 First
General Information
Standard status
Active
Size
5,820 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,123
Amenities
Garage Spaces: 4
4
Building Details
Year Built
2004
Buildings
3
Listing Agency:
Real Estate Marketplace NW,Inc
Listed By:
Jim Palmer Jr.
Source:
Clearwaterproperties
Added: Jul 29
Changed: Sep 4
Last Checked: Sep 4 at 6:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Marketplace NW,Inc
Investment Insights
Based on property information with market context.
This auto shop property was previously used as an autobody repair shop and includes almost 6,000 square feet of buildings. The buildings are described as clean and in excellent condition.
The site sits on a large corner lot with extra space that can support additional parking. In addition to the three buildings on site, there are four storage sheds, providing extra on-site storage for tools, materials, or equipment.
Located at 111 W 1st St in Deer Park, WA 99006, the property’s site configuration offers a practical layout for an automotive-focused tenant or a similar light service operation needing multiple buildings and supplemental storage.
The site sits on a large corner lot with extra space that can support additional parking. In addition to the three buildings on site, there are four storage sheds, providing extra on-site storage for tools, materials, or equipment.
Located at 111 W 1st St in Deer Park, WA 99006, the property’s site configuration offers a practical layout for an automotive-focused tenant or a similar light service operation needing multiple buildings and supplemental storage.
Key Highlights
- Almost 6,000 SF of buildings previously used for autobody repair
- Large corner lot with extra space for additional parking
- 3 buildings plus 4 storage sheds for added on‑site storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,279,260
$1.3M
Cap Rate 7%
$913,757
$913.8K
Cap Rate 9%
$710,700
$710.7K
Market Conditions
NOI Build-Up for 5,820 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.7K $16.44/SF
− Vacancy
−$4.3K −$0.74/SF
EGI
$91.4K $15.70/SF
− OpEx
−$27.4K −$4.71/SF
NOI
$64.0K $10.99/SF
Area
Spokane County, WA
Vacancy
4.50%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,279,260
Cap Rate 7%
$913,757
Cap Rate 9%
$710,700
Alternative Uses
Best Use
Retail
$913.8K
$799.5K – $1.07M
NOI $63,963 @ 7.0% cap · market cap 7.53%
Second Best
Industrial
$479.3K
$419.4K – $559.2K
NOI $33,549 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,139 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 49%
Shops & Services 42%
Dining 9%
Tractor Supply Co.
Home Improvements & Furnishings
8,790 visits/mo
0.3 miles
Les Schwab Tire Center
Shops & Services
2,976 visits/mo
0.2 miles
Conoco
Shops & Services
2,462 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
2,087 visits/mo
0.4 miles
Rancho Alegre
Dining
1,609 visits/mo
0.3 miles
Demographics for 99006, WA
13,711
Population
5,287
Households
2.6
Avg Household Size
43
Median Age
16%
College-Educated
94%
High-School Grad
164.1 sq mi
ZIP Area
84
Density / Sq Mi
$65,375
Median Household Income
$41,198
Median Earnings
$970
Median Rent
$366,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Agri-Service — 603 S Fir Ave, Deer Park, WA 99006
- Deer Park Auto Body — 412 W Crawford St, Deer Park, WA 99006
- Precious Metal Collision Center & Auto Body — 111 W 1st St, Deer Park, WA 99006
- Deer Park Diesel — 122 w crawford st, deer park, wa 99006
- Sculley's Lube & Alignment Center — 33 W Crawford St, Deer Park, WA 99006
Frequently Asked Questions
What type of property is this?
Auto shop - Former autobody repair shop with nearly 6,000 SF of buildings and extra corner-lot parking space.
Where is this auto shop located?
The property is located at 111 First Deer Park, WA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Almost 6,000 SF of buildings previously used for autobody repair; Large corner lot with extra space for additional parking; 3 buildings plus 4 storage sheds for added on‑site storage
