Pump Repair Auto
New
For Sale
$515,000
1422 127th Place Northeast, Bellevue, WA 98005
Pump, sprayer, and pressure-washer repair operation serving the Puget Sound area from a leased industrial facility.
Property Size3,000 SF
Days on Market5
Property Features for 1422 127th Place Northeast
General Information
Standard status
Active
Size
3,000 SF
Class
C
Total Parking Spaces
4
Property subtype
BO, BO-OTH
Zoning
Mixed Use
Additional Details
Business Included
Yes
Building Details
Building Size
3,000 SF
Buildings
2
Stories
1
Listing Agency:
Keller Williams Rlty Bellevue
(425) 454-0911
Listed By:
Melissa Johnson · License #105175
(425) 454-0911
Source:
Realnex
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 21 at 6:12AM
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 Keller Williams Rlty Bellevue
Investment Insights
Based on property information with market context.
This established pump and equipment repair business operates from an industrial complex in Bellevue under a lease that may be negotiated with a qualified buyer. The operation handles airless paint sprayers, pressure washers, wildfire pumps, transfer pumps, hydraulic pumps, and related equipment and parts. Its facility provides visibility and customer access, with room to accommodate additional staff.
The business serves the Greater Puget Sound area as a local repair center and holds Graco certification awards spanning over Eight-Years. The operation also has a referral network and repeat customer base. The current owner will train and assist the incoming owner for two to three months. The property is identified with Mixed Use zoning.
The business serves the Greater Puget Sound area as a local repair center and holds Graco certification awards spanning over Eight-Years. The operation also has a referral network and repeat customer base. The current owner will train and assist the incoming owner for two to three months. The property is identified with Mixed Use zoning.
Key Highlights
- Established repair business serving the Greater Puget Sound area
- Services airless paint sprayers, pressure washers, wildfire pumps, transfer pumps, and hydraulic pumps
- Operates from a Bellevue industrial complex under a negotiable lease
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
$27,649
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
5.37%
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%
$552,980
$553.0K
Cap Rate 7%
$394,986
$395.0K
Cap Rate 9%
$307,211
$307.2K
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
$42.8K $14.28/SF
− Vacancy
−$3.3K −$1.11/SF
EGI
$39.5K $13.17/SF
− OpEx
−$11.8K −$3.95/SF
NOI
$27.6K $9.22/SF
Area
Bellevue, WA
Vacancy
7.80%
Lease Rate
$14.28 /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%
$552,980
Cap Rate 7%
$394,986
Cap Rate 9%
$307,211
Alternative Uses
Best Use
Retail
$757.4K
$662.7K – $883.6K
NOI $53,015 @ 7.0% cap · market cap 10.29%
Second Best
Industrial
$395.0K
$345.6K – $460.8K
NOI $27,649 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,200 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,652
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Home Improvements & Furnishings 5%
AMPM
Shops & Services
9,079 visits/mo
0.4 miles
Discount Tire Store
Shops & Services
6,483 visits/mo
0.2 miles
Les Schwab Tire Center
Shops & Services
5,842 visits/mo
0.1 miles
Safelite AutoGlass
Shops & Services
2,567 visits/mo
0.0 miles
ARCO
Shops & Services
2,543 visits/mo
0.4 miles
Demographics for 98005, WA
20,961
Population
9,420
Households
2.2
Avg Household Size
36
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
2,871
Density / Sq Mi
$158,396
Median Household Income
$87,000
Median Earnings
$2,380
Median Rent
$1,373,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
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- Rivian Service Center — 620 116th Ave NE NE, Bellevue, WA 98004
Frequently Asked Questions
What type of property is this?
Auto shop - Pump, sprayer, and pressure-washer repair operation serving the Puget Sound area from a leased industrial facility.
Where is this auto shop located?
The property is located at 1422 127th Place Northeast Bellevue, WA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Established repair business serving the Greater Puget Sound area; Services airless paint sprayers, pressure washers, wildfire pumps, transfer pumps, and hydraulic pumps; Operates from a Bellevue industrial complex under a negotiable lease
