15544 Aurora Ave N, Shoreline, WA 98133
Profitable auto repair business with real estate in Shoreline, WA.
- Added:
- Dec 4, 2024
- Days on Market:
- 556
- Last Refresh:
- May 10 at 9:49 pm
Property Features for 15544 Aurora Ave N
General Information
- Standard status
- Active
- Size
- 26,647 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agent CARRIE FIELD TOPACIO
Listing office EXP COMMERCIAL
Listing date Dec 4, 2024
Source Corcoran
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 EXP COMMERCIAL
HighLights
- Profitable auto repair business with real estate, grossing $1.2M+ annually plus $45K rental income.
- Prime corner lot location in Shoreline, WA, near all services.
- 8.8% Cap Rate and SBA prequalified for a qualified buyer.
- 26,647 sq. ft. lot with future development potential.
- Established business serving the community for over 40 years.
- One partner willing to remain as an employee for a smooth transition.
Overview
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 | $693.9k | $26.04 |
| − Vacancy | −$20.8k | −$0.78 |
| EGI | $673.1k | $25.26 |
| − OpEx | −$201.9k | −$7.58 |
| NOI | $471.1k | $17.68 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Greenwood Collision Auto Body Shop of Seattle — 14323 Greenwood Ave N, Seattle, WA 98133
- shoreline auto body — 14323 Greenwood Ave N, Seattle, WA 98133
- Nelson Truck Equipment - Seattle — 14325 Aurora Ave N, Seattle, WA 98133
- Muler Auto Repair LLC — 14315 Aurora Ave N, Seattle, WA 98133
- AM-PM Towing Inc — 14315 Aurora Ave N, Seattle, WA 98133
Location Insight
- Map
- Local Demand
- City
- Shoreline
- County
- King
- State
- Washington
- Longitude
- -122.345
- Latitude
- 47.7428
