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    23765-23831 SE 264Th St Maple Valley, WA 98038

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    For Sale
    $3,760,000

    Prime location auto shop with corporate lease and renewal.

    Lot size:
    1.75 Acres

    Property Features for 23765-23831 SE 264Th St

    General Information

    Lot size
    1.75 Acres

    Source: NAI Puget Sound Properties Agent Kyle Sterling

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Maple Valley Auto Shop Investment

    This property features a corporate lease with Puget Collision (Fix Auto) and a brand new 10-year lease renewal. Situated in a prime location in the “Four Corners” area of Maple Valley, the property is surrounded by national grocers and retail developments. The subject property is the only body shop in Maple Valley. The lease rate of approximately $14 per square foot is significantly under market. The property consists of two parcels totaling 1.75 acres, with 13,824 square feet of buildings. The current cap rate is 5.50%. The property is located at 23765-23831 SE 264th St, Maple Valley, WA.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Fix Auto, Jiffy Lube, Valvoline Express Care, Elephant Car Wash, Les Schwab Tire Center

    Location Insight

    • Map
    • Local Demand
    City
    Maple Valley
    County
    King
    State
    Washington
    Longitude
    -122.023378
    Latitude
    47.3643855

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    FAQs

    What type of property is this?
    Auto shop - Prime location auto shop with corporate lease and renewal.
    Where is this auto shop located?
    The property is located at 23765-23831 SE 264Th St Maple Valley, WA.
    What is the asking price?
    The asking price for this property is $3,760,000.
    What are key features of this property?
    This property features: - Brand new 10-year lease renewal with Puget Collision (Fix Auto); - Prime location in high-traffic "Four Corners" area of Maple Valley; - Significantly under market lease rate of ~$14/sf
    (425) 586-5608
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    Realmo Value Estimation

    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.

    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.

    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
    23765-23831 SE 264Th St Maple Valley, WA 98038
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