Auto Body Shop For
For Sale
$725,000
Pending
2006 Broadway Ave, Everett, WA 98201
2500 SF auto body shop on 6098 SF lot.
Property Size2,500 SF
Days on Market743
Property Features for 2006 Broadway Ave
General Information
Standard status
Pending
Size
2,500 SF
Property subtype
Commercial
Site & Location
Neighborhood
Riverside
Building Details
Year Built
1950
Listing Agency:
DOWNTOWN DENNIS REAL ESTATE SERVICE, LLC
Listed By:
DENNIS WAGNER
(425) 971-3433
Source:
Corcoran
Added: Oct 17, 2024
Changed: Oct 25
Last Checked: Oct 28 at 8:52AM
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 DOWNTOWN DENNIS REAL ESTATE SERVICE, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 2500 square foot auto body shop situated on a 6098 square foot lot. The property is currently vacant, with the previous tenant's lease now expired. The property is available for sale and suitable for automotive or retail use.
Key Highlights
- Vacant auto body shop ready for immediate occupancy
- Substantial 6098 Sf lot size
- 2500 Sf retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,099
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,980
$722.0K
Cap Rate 7%
$515,700
$515.7K
Cap Rate 9%
$401,100
$401.1K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$51.6K $20.63/SF
− OpEx
−$15.5K −$6.19/SF
NOI
$36.1K $14.44/SF
Area
Everett, WA
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,980
Cap Rate 7%
$515,700
Cap Rate 9%
$401,100
Alternative Uses
Best Use
Retail
$515.7K
$451.2K – $601.7K
NOI $36,099 @ 7.0% cap · market cap 4.98%
Second Best
Industrial
$329.2K
$288.0K – $384.0K
NOI $23,041 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$827.5K
$724.1K – $965.4K
NOI $57,926 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,569
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98201, WA
30,421
Population
15,196
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
91%
High-School Grad
18.8 sq mi
ZIP Area
1,618
Density / Sq Mi
$73,822
Median Household Income
$48,830
Median Earnings
$1,443
Median Rent
$476,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- ONB Automotive Repair — 3002 Grand Ave, Everett, WA 98201
- Ant's Community Garage — 2927 Grand Ave, Everett, WA 98201
- Torfab — 2902 W Marine View Dr, Everett, WA 98201
- Mikes performance automotive — 2925 rucker ave, everett, wa 98201
- Auto Glass Fitters — 3007 Rucker Ave, Everett, WA 98201
Frequently Asked Questions
What type of property is this?
Auto shop - 2500 SF auto body shop on 6098 SF lot.
Where is this auto shop located?
The property is located at 2006 Broadway Ave Everett, WA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Vacant auto body shop ready for immediate occupancy; Substantial 6098 Sf lot size; 2500 Sf retail space
