Seattle NNN Investment
13036 Lake City Way NE, Seattle, WA 98125
For Sale
Contact for pricing
NNN leased auto facility with long-term tenant and redevelopment potential.
Property Size8,586 SF
Price / SF$378.52
Days on Market240
Property Features for 13036 Lake City Way NE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Lease Type
Investment Type
Site & Location
Neighborhood
Building Details
Buildings
Stories
Units
Tenancy
Listing Agency:
Windermere Real Estate
Listed By:
Duane Petzoldt · License WA #133158
(425) 239-1780
Source:
Crexi
Added: Mar 20
Changed: Nov 3
Last Checked: Nov 12 at 8:14AM
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 Windermere Real Estate
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 Seattle property presents an NNN investment opportunity, offering stable income from a long-term tenant. The property is leased to Classic Collision through September 2031, with three five-year extension options available. The current base rent is $162,000, with annual increases of 3%. The property is a functional multi-building auto facility located on high-traffic Lake City Way NE, providing strong visibility and access to I-5, Northgate, and the University District. The property is zoned NC3-55 (M), which allows for mixed-use redevelopment up to 55 feet, creating future flexibility and land value upside. The property is 8586 square feet. It is positioned in a supply-constrained Seattle market.
Key Highlights
- Long‑term lease to Classic Collision through September 2031 with extension options, ensuring stable income.
- Annual 3% rent increases, growing the cap rate.
- High‑traffic location on Lake City Way NE with strong visibility and excellent access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,897
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,497,940
$3.5M
Cap Rate 7%
$2,498,529
$2.5M
Cap Rate 9%
$1,943,300
$1.9M
Market Conditions
NOI Build-Up for 8,586 SF
Gross rent
$257.6K $30.00/SF
− Vacancy
−$7.7K −$0.90/SF
EGI
$249.9K $29.10/SF
− OpEx
−$75.0K −$8.73/SF
NOI
$174.9K $20.37/SF
Area
ZIP 98125
Vacancy
3.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,497,940
Cap Rate 7%
$2,498,529
Cap Rate 9%
$1,943,300
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.91M
NOI $174,897 @ 7.0% cap · market cap 5.38%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,689 @ 7.0% cap · market cap 3.74%
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,880 @ 7.0% cap · market cap 5.97%
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
1,293
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Brown Bear Car Wash
Shops & Services
11,720 visits/mo
0.5 miles
Demographics for 98125, WA
42,965
Population
21,493
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
7,956
Density / Sq Mi
$96,725
Median Household Income
$61,552
Median Earnings
$1,856
Median Rent
$844,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Auto shops in King County
Vacancy Rate% for Retail in Seattle, WA
Similar Off Market Nearby
- Curt's Hot Rods and Tires — 11827 Lake City Way NE, Seattle, WA 98125
- Lake City Autoworks — 2825 NE 120th St, Seattle, WA 98125
- Dealership Glass Auto Glass — Located inside of Pierre Fleet & Commercial Sales, 12002 Lake City Way NE, Seattle, WA 98125
- North Seattle Tow Truck — 12011 32nd Ave NE, Seattle, WA 98125
- Ethio Hybrid Battery Repair Service — 12347 25th Ave NE, Seattle, WA 98125
Frequently Asked Questions
What type of property is this?
Auto shop - NNN leased auto facility with long-term tenant and redevelopment potential.
Where is this auto shop located?
The property is located at 13036 Lake City Way NE Seattle, WA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Long‑term lease to Classic Collision through September 2031 with extension options, ensuring stable income.; Annual 3% rent increases, growing the cap rate.; High‑traffic location on Lake City Way NE with strong visibility and excellent access.
