Established Auto Repair Shop For
For Sale
$6,400,000
15544 Aurora Ave N, Shoreline, WA 98133
Profitable auto repair business with real estate in Shoreline, WA.
Property Size26,647 SF
Price / SF$240.18
Days on Market603
Property Features for 15544 Aurora Ave N
General Information
Standard status
Active
Size
26,647 SF
Property subtype
Commercial
Building Details
Year Built
1955
Listing Agency:
EXP COMMERCIAL
(206) 910-8838
Listed By:
CARRIE FIELD TOPACIO
Source:
Corcoran
Added: Dec 4, 2024
Changed: Jul 6
Last Checked: Jul 29 at 10:47AM
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 EXP COMMERCIAL
Investment Insights
Based on property information with market context.
An established auto repair business with real estate is available for sale. The property, situated on a 26,647 sq. ft. lot on a prime corner in Shoreline, WA, has been serving the community for over 40 years. The shop generates over $1.2M in annual gross revenue, supplemented by an additional $45K in rental income. Services range from classic cars to daily drivers. The offering delivers an 8.8% Cap Rate and has been SBA prequalified for a qualified buyer. A Phase I Environmental Report has been completed, and the property offers future development potential in a highly desirable location. One partner is willing to remain as an employee to ensure a smooth transition.
Key Highlights
- Profitable auto repair business with real estate, grossing $1.2M+ annually plus $45K rental income.
- Prime corner lot location in Shoreline, WA, near all services.
- 8.8% Cap Rate** and SBA prequalified for a qualified buyer.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $693.9k | $26.04 |
| − Vacancy | −$20.8k | −$0.78 |
| EGI | $673.1k | $25.26 |
| − OpEx | −$201.9k | −$7.58 |
| NOI | $471.1k | $17.68 |
26,647 SF · lease $26.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.73M
$5.89M – $7.85M
NOI $471,150 @ 7.0% cap · market cap 7.36%
Second Best
Industrial
$4.42M
$3.87M – $5.15M
NOI $309,228 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$7.59M
$6.64M – $8.85M
NOI $531,074 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98133, WA
50,720
Population
24,730
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
7,144
Density / Sq Mi
$92,371
Median Household Income
$60,328
Median Earnings
$1,794
Median Rent
$719,100
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
- Greenwood Collision Auto Body Shop of Seattle — 14323 Greenwood Ave N, Seattle, WA 98133
- shoreline auto body — 14323 Greenwood Ave N, Seattle, WA 98133
- Nelson Truck Equipment - Seattle — 14325 Aurora Ave N, Seattle, WA 98133
- Muler Auto Repair LLC — 14315 Aurora Ave N, Seattle, WA 98133
- AM-PM Towing Inc — 14315 Aurora Ave N, Seattle, WA 98133
Frequently Asked Questions
What type of property is this?
Auto shop - Profitable auto repair business with real estate in Shoreline, WA.
Where is this auto shop located?
The property is located at 15544 Aurora Ave N Shoreline, WA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Profitable auto repair business with real estate, grossing $1.2M+ annually plus $45K rental income.; Prime corner lot location in Shoreline, WA, near all services.; 8.8% Cap Rate** and SBA prequalified for a qualified buyer.
