Auto Body Shop on
For Sale
$585,000
Pending
13411 Pacific Ave S, Tacoma, WA 98444
Auto body shop with lift and paint booth for sale.
Property Size3,000 SF
Days on Market197
Property Features for 13411 Pacific Ave S
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
COMPASS WASHINGTON
Listed By:
GREGORY GARNER
Source:
Corcoran
Added: Feb 18
Changed: Jul 6
Last Checked: Jul 23 at 6:43AM
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 COMPASS WASHINGTON
Investment Insights
Based on property information with market context.
This property offers high traffic exposure on Pacific Avenue. It is currently configured as an auto body shop, equipped with a lift and paint booth. The property includes a spacious work area, an office, and fenced storage. It is suitable for immediate use by auto body professionals.
Key Highlights
- High traffic exposure on Pacific Avenue
- Equipped as an auto body shop, featuring a lift and paint booth
- Spacious work area provides ample room to operate
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
$36,099
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
6.17%
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%
$721,980
$722.0K
Cap Rate 7%
$515,700
$515.7K
Cap Rate 9%
$401,100
$401.1K
Market Conditions
NOI Build-Up for 3,000 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
$54.0K $18.00/SF
− Vacancy
−$2.4K −$0.81/SF
EGI
$51.6K $17.19/SF
− OpEx
−$15.5K −$5.16/SF
NOI
$36.1K $12.03/SF
Area
Tacoma, WA
Vacancy
4.50%
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%
$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 6.17%
Second Best
Industrial
$458.9K
$401.5K – $535.4K
NOI $32,121 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$922.1K
$806.9K – $1.08M
NOI $64,548 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
72k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
Starbucks
Dining
12,714 visits/mo
0.4 miles
Bigfoot Java
Dining
9,855 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,678 visits/mo
0.2 miles
El Toro
Dining
7,788 visits/mo
0.2 miles
Shell
Shops & Services
6,984 visits/mo
0.1 miles
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Wheelmaster — 720 140th st s, tacoma, wa 98444
- a — 604 140th St S, Tacoma, WA 98444
- New Heights Auto Repair — 604 140th St S, Tacoma, WA 98444
- Napa Auto Care Center — 580 140th St S, Tacoma, WA 98444
- Jiffy Lube — 13803 Pacific Ave S, Tacoma, WA 98444
Frequently Asked Questions
What type of property is this?
Auto shop - Auto body shop with lift and paint booth for sale.
Where is this auto shop located?
The property is located at 13411 Pacific Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: High traffic exposure on Pacific Avenue; Equipped as an auto body shop, featuring a lift and paint booth; Spacious work area provides ample room to operate
