Auto Repair Shop with
1819 State Highway 508, Onalaska, WA 98570
For Sale
$199,000
The shop includes office and storage areas, repair equipment, and an oil-change pit.
Property Size2,140 SF
Lot Size0.49 Acres
Price / SF$92.99
Days on Market714
Property Features for 1819 State Highway 508
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Business Included
Amenities
Metal/Vinyl
Building Details
Year Built
Listing Agency:
BHGRE - Northwest Home Team
(360) 345-1006
Listed By:
Rocky Stanley
(360) 269-6585
Source:
Weaverland
Added: Nov 27, 2024
Changed: Nov 9
Last Checked: Nov 9 at 9:20PM
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 BHGRE - Northwest Home Team
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Investment Insights
Based on property information with market context.
The 2,140-square-foot auto repair building has office space, large storage rooms, a single repair bay, and an oil-change pit. An exterior automobile hoist and the shop’s tools and equipment are included. The property also includes a single-wide home built in 1950, currently occupied by month-to-month renters. City water and sewer serve the home.
The site contains approximately .49 acres with frontage on State Highway 508. Zoning is listed as commercial and residential.
The site contains approximately .49 acres with frontage on State Highway 508. Zoning is listed as commercial and residential.
Key Highlights
- 2,140‑square‑foot auto repair building on approximately .49 acres
- State Highway 508 frontage
- One repair bay with an oil‑change pit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,052
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,040
$341.0K
Cap Rate 7%
$243,600
$243.6K
Cap Rate 9%
$189,467
$189.5K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$26.2K $12.24/SF
− Vacancy
−$1.8K −$0.86/SF
EGI
$24.4K $11.38/SF
− OpEx
−$7.3K −$3.41/SF
NOI
$17.1K $7.97/SF
Area
Lewis County, WA
Vacancy
7.00%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,040
Cap Rate 7%
$243,600
Cap Rate 9%
$189,467
Alternative Uses
Best Use
Retail
$395.2K
$345.8K – $461.1K
NOI $27,664 @ 7.0% cap · market cap 13.90%
Second Best
Industrial
$243.6K
$213.2K – $284.2K
NOI $17,052 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$652.7K
$571.1K – $761.5K
NOI $45,690 @ 7.0% cap · market cap 22.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
TwinStar Credit Union
Shops & Services
3,535 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
665 visits/mo
0.3 miles
Demographics for 98570, WA
4,489
Population
2,031
Households
2.2
Avg Household Size
47
Median Age
17%
College-Educated
88%
High-School Grad
126.0 sq mi
ZIP Area
36
Density / Sq Mi
$65,682
Median Household Income
$36,058
Median Earnings
$1,016
Median Rent
$352,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Onalaska Tire — 1818 WA-508, Onalaska, WA 98570
- Onalaska Auto and Repair — 1819 WA-508, Onalaska, WA 98570
Frequently Asked Questions
What type of property is this?
Auto shop - The shop includes office and storage areas, repair equipment, and an oil-change pit.
Where is this auto shop located?
The property is located at 1819 State Highway 508 Onalaska, WA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2,140‑square‑foot auto repair building on approximately .49 acres; State Highway 508 frontage; One repair bay with an oil‑change pit
