Building Details

Tenancy Single

Listing Agency: Sound Commercial Group, Inc.

Listed By: Bud Kopp · License #SA032307000 Show Phone

Source: Moodyscre

Added: Jul 16 Changed: Oct 11 Last Checked: Oct 15 at 12:22AM

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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 Sound Commercial Group, Inc.

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Investment Insights

Based on property information with market context.

This 2,850-square-foot automotive repair building is positioned on Rucker Avenue near 41st Street in Everett. The property is currently occupied by an automotive service tenant operating with three full-time mechanics, and the existing lease runs through June 30, 2027. The tenant does not intend to renew at lease expiration.

Everett has issued a Non-Conforming Use Certification for the site, supporting its established automotive repair function. The property has no on-site signage, and showings are coordinated through the listing broker without contacting the tenant.

Key Highlights

• 2,850‑square‑foot automotive repair building
• Everett‑granted Non‑Conforming Use Certification
• Located on Rucker Avenue near 41st Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,153

Cap Rate

4.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$823,060 $823.1K

Cap Rate 7%

$587,900 $587.9K

Cap Rate 9%

$457,256 $457.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,850 SF

Gross rent

$61.6K $21.60/SF

− Vacancy

−$2.8K −$0.97/SF

EGI

$58.8K $20.63/SF

− OpEx

−$17.6K −$6.19/SF

NOI

$41.2K $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%

$823,060

Cap Rate 7%

$587,900

Cap Rate 9%

$457,256

Alternative Uses

Best Use

Retail

$587.9K

$514.4K – $685.9K (±1% cap)

NOI $41,153 @ 7.0% cap · market cap 4.29%

Second Best

Industrial

$375.2K

$328.3K – $437.8K (±1% cap)

NOI $26,266 @ 7.0% cap · market cap 2.74%

Theoretical Best

Office A

$943.4K

$825.5K – $1.10M (±1% cap)

NOI $66,036 @ 7.0% cap · market cap 6.88%

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

Property Analytics

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Current Use

A & M Auto Repair ... Auto Repair Shop Napa Autocare Center Auto Parts Store

Suggested Use

Top Pick Barber Shop Daycare Center (Bike/Boat/Book/etc) Store Tech Support Center Storage Facility Travel Agency

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

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,645

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 98203, WA

37,491

Population

14,848

Households

2.5

Avg Household Size

39

Median Age

34%

College-Educated

91%

High-School Grad

11.8 sq mi

ZIP Area

3,177

Density / Sq Mi

$101,505

Median Household Income

$55,176

Median Earnings

$1,761

Median Rent

$575,300

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

• Bill's Pump Services — everett, wa 98203
• Les Schwab Tire Center — 4805 Evergreen Wy, Everett, WA 98203
• Mike Stephenson Tire Center — 4789 Evergreen Wy, Everett, WA 98203
• Dent Destroyer — 4818 Evergreen Wy # B, Everett, WA 98203
• McCoy Customs — 4614 Alger Ave, Everett, WA 98203

Frequently Asked Questions

What type of property is this?

Auto shop - Everett-granted certification recognizes the site’s non-conforming automotive use.

Where is this auto shop located?

The property is located at 4121 Rucker Ave Everett, WA.

What is the asking price?

The asking price for this property is $959,560.

What are key features of this property?

This property features: 2,850‑square‑foot automotive repair building; Everett‑granted Non‑Conforming Use Certification; Located on Rucker Avenue near 41st Street