Retail Building with Automotive
15006 Hwy 99 Lynnwood, WA 98087
15006 Hwy 99, Lynnwood, WA, 98087
Contact for pricing
For Sale
Contact for pricing
Retail building offered for sale with 2,964 square feet and an identified 7.00% cap rate.
Property Size2,964 SF
Price / SF$438.60
Days on Market98
Property Features for 15006 Hwy 99
General Information
- Standard status
- Active
- Size
- 2,964 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1990
Listing agency
Marcus & Millichap - Denver
Listed by
Drew Isaac · License #CO FA.100023779
Source
Crexi
Added: Apr 16 Updated: Jul 22 at 2:55AM Checked: Jul 22 at 2:55AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This retail building is offered for sale and totals 2,964 square feet. The offering is presented with a stated 7.00% cap rate.
The property is located at 15006 Hwy 99 in Lynnwood, Washington (98087). The listing is categorized as retail/automotive property, indicating compatibility with automotive-oriented retail uses.
For buyers and brokers, the key deliverable is the 2,964 square foot retail configuration with the stated income metric in the remarks.
The property is located at 15006 Hwy 99 in Lynnwood, Washington (98087). The listing is categorized as retail/automotive property, indicating compatibility with automotive-oriented retail uses.
For buyers and brokers, the key deliverable is the 2,964 square foot retail configuration with the stated income metric in the remarks.
Key Highlights
- Retail building built in 1990
- 2,964 SF retail space
- Listed with a 7.00% cap rate
Local 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 | $64.0k | $21.60 |
| − Vacancy | −$4.4k | −$1.47 |
| EGI | $59.7k | $20.13 |
| − OpEx | −$17.9k | −$6.04 |
| NOI | $41.8k | $14.09 |
2,964 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$596.7K
$522.1K – $696.1K
NOI $41,768 @ 7.0% cap · market cap 3.21%
Second Best
Industrial
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$826.6K
$723.3K – $964.4K
NOI $57,863 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grease Monkey
Auto Repair Shop
TruVision Auto Glass
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Henry's Auto Repair — 15806 Hwy 99 unit #6, Lynnwood, WA 98087
- DOHC-BOYZ/ Mobile Mechanic!! — 4113 156th St SW Lot #1, Lynnwood, WA 98087
- Kairaba Auto Repair — 16101 Hwy 99 Suite A, Lynnwood, WA 98087
- Kairaba Auto Repair — 16101 Hwy 99 UNIT A, Lynnwood, WA 98087
- D & E Auto Repair — 16101 hwy 99 suite a, lynnwood, wa 98087
FAQs
What type of property is this?
Auto shop - Retail building offered for sale with 2,964 square feet and an identified 7.00% cap rate.
Where is this auto shop located?
The property is located at 15006 Hwy 99 Lynnwood, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Retail building built in 1990; 2,964 SF retail space; Listed with a 7.00% cap rate
