Automotive Service and Repair
New
For Sale
Contact for pricing
3132 Rucker Ave, Everett, WA 98201
Configured for automotive service and repair with a clean Phase 2 environmental report available.
Property Size5,266 SF
Price / SF$378.85
Days on Market7
Property Features for 3132 Rucker Ave
General Information
Standard status
Active
Size
5,266 SF
Property subtype
RETAIL
Additional Details
Asking Price
$1,995,000
Listing Agency:
NAI Puget Sound Properties
(425) 586-5600
Listed By:
Daniel Vedmed
(425) 614-8767
Source:
Moodyscre
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 1 at 8:54PM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This 5,266-square-foot property is configured as an established automotive service and repair facility, providing a purpose-built setting for an owner-user operation. The business associated with the facility is also available separately, subject to separate pricing and terms.
The property is located at 3132 Rucker Ave in Everett, immediately south of downtown. A 214-unit DevCo multifamily development is under construction on the adjoining site, with completion targeted for 2027. A clean Phase 2 environmental report is available for review.
The property is located at 3132 Rucker Ave in Everett, immediately south of downtown. A 214-unit DevCo multifamily development is under construction on the adjoining site, with completion targeted for 2027. A clean Phase 2 environmental report is available for review.
Key Highlights
- 5,266 SF automotive service and repair facility
- Existing configuration supports an automotive shop operation
- Clean Phase 2 environmental report available
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
$76,039
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
3.81%
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%
$1,520,780
$1.5M
Cap Rate 7%
$1,086,271
$1.1M
Cap Rate 9%
$844,878
$844.9K
Market Conditions
NOI Build-Up for 5,266 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
$113.7K $21.60/SF
− Vacancy
−$5.1K −$0.97/SF
EGI
$108.6K $20.63/SF
− OpEx
−$32.6K −$6.19/SF
NOI
$76.0K $14.44/SF
Area
Everett, WA
Vacancy
4.50%
Lease Rate
$21.60 /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%
$1,520,780
Cap Rate 7%
$1,086,271
Cap Rate 9%
$844,878
Alternative Uses
Best Use
Retail
$1.09M
$950.5K – $1.27M
NOI $76,039 @ 7.0% cap · market cap 3.81%
Second Best
Industrial
$693.3K
$606.7K – $808.9K
NOI $48,533 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,016 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,087
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98201, WA
30,421
Population
15,196
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
91%
High-School Grad
18.8 sq mi
ZIP Area
1,618
Density / Sq Mi
$73,822
Median Household Income
$48,830
Median Earnings
$1,443
Median Rent
$476,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Z Sport Euro — 3829 Broadway, Everett, WA 98201
- Jiffy Lube — 3601 Broadway, Everett, WA 98201
- Cummins Sales and Service — 3717 McDougall Ave, Everett, WA 98201
- Brake & Clutch Supply North — 2222 37th St, Everett, WA 98201
- Eastside Truck & Auto Shop — 00439076201700, everett, wa 98201
Frequently Asked Questions
What type of property is this?
Auto shop - Configured for automotive service and repair with a clean Phase 2 environmental report available.
Where is this auto shop located?
The property is located at 3132 Rucker Ave Everett, WA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 5,266 SF automotive service and repair facility; Existing configuration supports an automotive shop operation; Clean Phase 2 environmental report available
