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    Auto Recycling Business & Real Estate Title is generated by Realmo AI

    20619 MERIDIAN E, Graham, WA 98338

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    Established auto recycling business and real estate opportunity in Graham.

    Type:Industrial
    Property size:
    752,280 SF
    Lot size:
    24.15 Acres
    Price / SF:
    $8/SF
    Added:
    May 17, 2026
    Days on Market:
    11
    Last Refresh:
    May 17 at 8:47 pm

    Property Features for 20619 MERIDIAN E

    General Information

    Standard status
    Active
    Size
    752,280 SF
    Lot size
    24.15 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Corey Crain
    Corey Crain

    Listing agent Corey Crain License #WA 26492

    Listing office Crain Real Estate

    Listing date May 17, 2026

    Source Crexi

    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 Crain Real Estate

    HighLights

    • Established auto recycling business (Gundie’s) with proven operating history and real estate included.
    • Significant income potential: $2.69M (2024 income), $403K (2024 net income), $3.09M (2025 net sales).
    • Large land area: Approximately 24.15 acres total (14.7 acre main yard, 9.45 acre adjacent parcel).
    • Considerable inventory: Approximately 1,369 vehicles/units, valued at over $1.1M (Q4 2025).
    • Benefit from 15,480 SF of building area across multiple buildings on the main yard.
    • Prime location: Auto Wrecking / Auto Wrecking Retail use, with commercial state land use on Meridian Avenue E.

    Overview

    This offering presents a rare opportunity to acquire the Graham location of Gundie’s Auto Recycling, an established Pacific Northwest auto recycling and used OEM parts operation. The property includes the operating Graham yard located at 20619 Meridian Avenue E, plus an adjacent parcel at 20611 Meridian E, totaling approximately 24.15 acres. The main yard consists of approximately 14.7 acres with 15,480 square feet of building area across multiple buildings. The property is identified as Auto Wrecking / Auto Wrecking Retail use, with commercial state land use. The adjacent parcel adds approximately 9.45 acres of additional land control along Meridian E. The Graham operation has a proven operating history. Available records show approximately $2.69M in 2024 income, approximately $403K in 2024 reported net income, and approximately $3.09M in 2025 net sales activity based on sales reporting. For an owner-operator acquiring both the business and real estate, the current rent expense may be added back, indicating approximately $583K in adjusted 2024 owner-operator benefit before additional buyer-specific adjustments. The Q4 2025 inventory report shows approximately 1,369 vehicles/units and over $1.1M in total Graham inventory value, providing additional operating substance beyond the real estate. This opportunity is best suited for an experienced auto recycler, salvage yard operator, towing company, dismantler, used parts operator, or strategic buyer seeking expansion in the South Puget Sound market.
    Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Graham
    County
    Pierce
    State
    Washington
    Longitude
    -122.2934845
    Latitude
    47.06824

    Nearby Similar for Sale

    • Contact for pricing

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      High-visibility retail space in growing Graham and South Hill markets.
      22010 Meridian E, Graham, WA 98338
      View Details
    • $3,500,000
      17,471 SF

      Former Retail Space on Meridian

      High-traffic location, former Rite Aid available for sale.
      22201 Meridian Ave E, Graham, WA 98338
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    FAQs

    What type of property is this?
    Automotive property - Established auto recycling business and real estate opportunity in Graham.
    Where is this automotive property located?
    The property is located at 20619 MERIDIAN E Graham, WA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Established auto recycling business (Gundie’s) with proven operating history and real estate included.; Significant income potential: $2.69M (2024 income), $403K (2024 net income), $3.09M (2025 net sales).; Large land area: Approximately 24.15 acres total (14.7 acre main yard, 9.45 acre adjacent parcel).
    (425) 482-6100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Corey Crain
    Corey Crain
    Real Estate License ID: WA 26492
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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