Automotive Repair
For Sale
Contact for pricing
4121 Rucker Ave, Everett, WA 98203
Everett-granted certification recognizes the site’s non-conforming automotive use.
Property Size2,850 SF
Price / SF$336.69
Days on Market47
Property Features for 4121 Rucker Ave
General Information
Standard status
Active
Size
2,850 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Sound Commercial Group, Inc.
(206) 579-8812
Listed By:
Bud Kopp · License #SA032307000
(206) 579-8812
Source:
Moodyscre
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 29 at 9:15PM
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.
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.
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 = 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
$41,153
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
4.29%
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%
$823,060
$823.1K
Cap Rate 7%
$587,900
$587.9K
Cap Rate 9%
$457,256
$457.3K
Market Conditions
NOI Build-Up for 2,850 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
$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 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%
$823,060
Cap Rate 7%
$587,900
Cap Rate 9%
$457,256
Alternative Uses
Best Use
Retail
$587.9K
$514.4K – $685.9K
NOI $41,153 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$375.2K
$328.3K – $437.8K
NOI $26,266 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$943.4K
$825.5K – $1.10M
NOI $66,036 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
