Building Details

Building Size 5,266 SF

Year Built 1972

Units 3

Listing Agency: NAI Puget Sound Properties

Listed By: Daniel Vedmed Show Phone

Source: Commercialcafe

Added: Sep 1 Changed: Oct 17 Last Checked: Oct 16 at 6:05AM

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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

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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.

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 / Yr

$76,039

Cap Rate

3.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,520,780 $1.5M

Cap Rate 7%

$1,086,271 $1.1M

Cap Rate 9%

$844,878 $844.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,266 SF

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 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 (±1% cap)

NOI $76,039 @ 7.0% cap · market cap 3.81%

Second Best

Industrial

$693.3K

$606.7K – $808.9K (±1% cap)

NOI $48,533 @ 7.0% cap · market cap 2.43%

Theoretical Best

Office A

$1.74M

$1.53M – $2.03M (±1% cap)

NOI $122,016 @ 7.0% cap · market cap 6.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Everett Auto Sales ... Car Dealership Everett Auto Clinic Auto Repair Shop

Suggested Use

Top Pick Pet Grooming Service Tanning Salon Catering Service Pet Store & Service Computer & Electronic Repair Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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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