Multi-Suite Automotive Service
14711 15th Ave NE Shoreline, WA 98155
For Sale
Contact for pricing
Automotive center with three occupied suites totaling 6,308 RSF, ample parking, and CB zoning with a proposed 70' height.
Property Size6,308 SF
Price / SF$507.29
Days on Market478
Property Features for 14711 15th Ave NE
General Information
Standard status
Active
Size
6,308 SF
Property subtype
RETAIL
Listing Agency:
Lee & Associates Commercial Real Estate Services
(206) 773-2683
Listed By:
Jeff Tillman
(206) 915-7061
Source:
Moodyscre
Added: Apr 8, 2025
Changed: Jul 28
Last Checked: Jul 29 at 1:48PM
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 Lee & Associates Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This 6,308 RSF automotive center is configured with three separate suites: Suite A (1,640 SF), Suite B (3,406 SF), and Suite C (1,262 SF). The property is currently occupied by three different auto service businesses and is shown by appointment only, with instructions not to disturb tenants.
The building is highly visible along 15th Ave NE and features multiple building signs, including a large pole sign. It is located on the SE corner of 15th Ave NE and NE 148th St, one block north of the Seattle City limits in the City of Shoreline.
The property offers 20 parking stalls, and it is currently zoned CB (City of Shoreline) with a 60' height limit; it is earmarked to be upzoned to a 70' height.
The building is highly visible along 15th Ave NE and features multiple building signs, including a large pole sign. It is located on the SE corner of 15th Ave NE and NE 148th St, one block north of the Seattle City limits in the City of Shoreline.
The property offers 20 parking stalls, and it is currently zoned CB (City of Shoreline) with a 60' height limit; it is earmarked to be upzoned to a 70' height.
Key Highlights
- 6,308 RSF automotive center with three separate occupied suites: 1,640 SF (A), 3,406 SF (B), and 1,262 SF (C).
- Ample parking with 20 stalls (3.17 stalls per 1,000 SF).
- Strong visibility at the SE corner of heavily traveled 15th Ave NE and NE 148th St, with multiple building signs and a large pole sign.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.5k | $26.40 |
| − Vacancy | −$5.3k | −$0.84 |
| EGI | $161.2k | $25.56 |
| − OpEx | −$48.4k | −$7.67 |
| NOI | $112.8k | $17.89 |
6,308 SF · lease $26.40/SF/yr · vacancy 3.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,842 @ 7.0% cap · market cap 3.53%
Second Best
Industrial
$906.3K
$793.0K – $1.06M
NOI $63,442 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,856 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- CHEVY AUTO REPAIR SEATTLE — 14501 15th Ave NE #1, Shoreline, WA 98155
- SEATTLE TOYOTA REPAIR & SERVICE — 14501 15th Ave NE # A3, Shoreline, WA 98155
- FORD SERVICE & REPAIR SEATTLE — 14501 15th Ave NE B-2, Shoreline, WA 98155
- Paulco Automotive Repair — 14711 15th Ave NE, Shoreline, WA 98155
- Chuck's Auto Repair — 14501 15th Ave NE, Shoreline, WA 98155
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive center with three occupied suites totaling 6,308 RSF, ample parking, and CB zoning with a proposed 70' height.
Where is this auto shop located?
The property is located at 14711 15th Ave NE Shoreline, WA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 6,308 RSF automotive center with three separate occupied suites: 1,640 SF (A), 3,406 SF (B), and 1,262 SF (C).; Ample parking with 20 stalls (3.17 stalls per 1,000 SF).; Strong visibility at the SE corner of heavily traveled 15th Ave NE and NE 148th St, with multiple building signs and a large pole sign.
