Woodburn Automotive Service
For Sale
$4,000,000
Pending
555 N PACIFIC, Woodburn, OR 97071
Automotive service business with multiple bays and storage.
Property Size23,082 SF
Lot Size3.00 Acres
Days on Market891
Property Features for 555 N PACIFIC
General Information
Standard status
Pending
Size
23,082 SF
Lot size
3.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$25,813
Amenities
Central air
Metal Roof
Forced Air Heating
Heat Pump Cooling
On Site
Secured
Building Details
Year Built
1996
Listing Agency:
RE/MAX EQUITY GROUP
(503) 653-0607
Listed By:
GLORIA HAHN · License #941100045
(503) 997-5745
Source:
Corcoran
Added: Mar 27, 2024
Changed: Aug 8
Last Checked: Jul 23 at 7:08AM
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 RE/MAX EQUITY GROUP
Investment Insights
Based on property information with market context.
This family-owned and operated automotive service business, established in 1980, is a well-known and respected establishment in the Woodburn area. The business operates on two parcels totaling 3 acres. The property includes a building with 4 bays for mufflers, hitches, and related services, and another building, Woodburn Automotive, with 34 bays. Constructed initially in 1989-90, the second large building was expanded with a second story in 1999-2000. The facility provides full-service automotive repairs for foreign and domestic vehicles, including large trucks, RVs, motorhomes, trailers, tractors, farm equipment, motorcycles, and ATVs, utilizing up-to-date technology, equipment, and trained technicians. Over $500,000 in equipment and fixtures are included in the sale. The property features large private offices upstairs, along with a conference/lunch room. The main level includes a service desk, a comfortable waiting area, and a large shop space. The exterior provides a large fenced vehicle storage area, with approximately an acre undeveloped. The business has maintained a position in the top 3% out of 50 independent dealers for over 25 years as a U-Haul dealer.
Key Highlights
- Established automotive service business with a strong reputation since 1980.
- Two parcels totaling 3 acres with multiple buildings and 38 service bays.**
- Includes over $500,000 in equipment and fixtures.
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
$278,327
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
6.96%
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%
$5,566,540
$5.6M
Cap Rate 7%
$3,976,100
$4.0M
Cap Rate 9%
$3,092,522
$3.1M
Market Conditions
NOI Build-Up for 23,082 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
$415.5K $18.00/SF
− Vacancy
−$17.9K −$0.77/SF
EGI
$397.6K $17.23/SF
− OpEx
−$119.3K −$5.17/SF
NOI
$278.3K $12.06/SF
Area
Marion County, OR
Vacancy
4.30%
Lease Rate
$18.00 /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%
$5,566,540
Cap Rate 7%
$3,976,100
Cap Rate 9%
$3,092,522
Alternative Uses
Best Use
Retail
$3.98M
$3.48M – $4.64M
NOI $278,327 @ 7.0% cap · market cap 6.96%
Second Best
Industrial
$2.86M
$2.50M – $3.34M
NOI $200,323 @ 7.0% cap · market cap 5.01%
Theoretical Best
Specialty Retail
$5.43M
$4.75M – $6.33M
NOI $379,994 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Copart
Shops & Services
1,450 visits/mo
0.3 miles
Demographics for 97071, OR
30,777
Population
10,595
Households
2.9
Avg Household Size
35
Median Age
17%
College-Educated
72%
High-School Grad
51.7 sq mi
ZIP Area
595
Density / Sq Mi
$70,130
Median Household Income
$35,927
Median Earnings
$1,382
Median Rent
$316,500
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
- Valvoline Instant Oil Change — 1780 Mt Hood Ave, Woodburn, OR 97071
- Veet's Auto Works — 1755 big Al lane, Woodburn, OR 97071
- Genesis Automotive Repair — 11635 Pacific Ct NE, Woodburn, OR 97071
- Rescue Diesel Repair — 11792 NE Carl Rd, Woodburn, OR 97071
- Modern Diesel Repair And Service LLC — 17108 Pacific Hwy, Woodburn, OR 97071
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service business with multiple bays and storage.
Where is this auto shop located?
The property is located at 555 N PACIFIC Woodburn, OR.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Established automotive service business with a strong reputation since 1980.; Two parcels totaling 3 acres with multiple buildings and 38 service bays.**; Includes over $500,000 in equipment and fixtures.
