Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23765-23831 SE 264th St Maple Valley, WA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location auto shop with corporate lease and renewal.

    Type:RETAIL
    Lot size:
    1.75 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    158
    Last Refresh:
    Apr 5 at 8:22 pm

    Property Features for 23765-23831 SE 264th St

    General Information

    Standard status
    Active
    Lot size
    1.75 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Kyle Sterling

    Listing agent Kyle Sterling

    Listing office NAI Puget Sound Properties

    Listing date Nov 24, 2025

    Source Moodyscre

    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 NAI Puget Sound Properties

    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

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Fix Auto — 23765 se 264th st, maple valley, wa 98038
    • Jiffy Lube — 24001 SE Kent Kangley Rd, Maple Valley, WA 98038
    • Valvoline Express Care — 27018 Maple Valley Black Diamond Rd SE, Maple Valley, WA 98038
    • Elephant Car Wash — 27018 Maple Valley Black Diamond Rd SE, Maple Valley, WA 98038
    • Les Schwab Tire Center — 27215 Maple Valley Black Diamond Rd SE, Maple Valley, WA 98038

    Location Insight

    • Map
    • Local Demand
    City
    Maple Valley
    County
    King
    State
    Washington
    Longitude
    -122.023
    Latitude
    47.3644

    Nearby Similar for Lease

    • $35 SF/Yr

      Retail Space in Maple Valley

      Retail space available in a 12,312 SF building.
      26424 242nd Ave SE, Maple Valley, WA
      View Details
    • Contact for pricing

      Maple Valley Retail Space Available

      Retail space available for lease in Maple Valley, Washington.
      27203 216th Ave SE, Maple Valley, WA
      View Details
    • $35 SF/Yr

      Maple Valley Office Space Available

      Built-out office space in a retail shopping center.
      27317-27539 Maple Valley-Black Diamond Rd SE, Maple Valley, WA
      View Details
    • $38 SF/Yr

      Retail Space in Maple Valley

      Retail space available for lease in Maple Valley, Washington.
      26217 Maple Valley Black Diamond Rd SE, Maple Valley, WA
      View Details
    • Contact for pricing

      Maple Valley Retail Space Available

      Retail space available for lease in Maple Valley, Washington.
      22117-22131 SE 237th St, Maple Valley, WA
      View Details
    • Contact for pricing

      Maple Valley Retail Space Available

      Retail property available for lease in Maple Valley, Washington.
      26804-27022 Maple Valley Black Diamond Rd SE, Maple Valley, WA
      View Details
    • Contact for pricing

      Move-in Ready Office Space

      Office space featuring a mix of offices and open space.
      23175 224th Pl SE, Maple Valley, WA
      View Details
    • Contact for pricing

      Retail Space in Maple Valley

      Retail space available in established Maple Valley shopping center.
      22117 SE 237th St, Maple Valley, WA 98038
      View Details
    • $50 SF/Yr

      Retail Space in Maple Valley

      Retail spaces available for lease in Maple Valley, WA.
      0 Maple Valley Black Diamond Rd SE, Maple Valley, WA
      View Details
    • Contact for pricing

      High-Traffic Retail Space Available

      Prime retail location in Maple Valley Town Square.
      Highway 516 & Maple Valley Black Diamond Rd, Maple Valley, WA 98038
      View Details
    • Contact for pricing

      Retail Space in Sawyer's Village

      Retail space in a high-density residential area.
      27203 216th Ave SE, Maple Valley, WA 98038
      View Details

    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 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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Sterling
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    23765-23831 SE 264th St, Maple Valley, WA

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!