High-Visibility Auto Shop
444 Elliott Ave W, Seattle, WA 98119
For Sale
$2,750,000
Automotive building with in-place income through 2027 and frontage on a 50,700+ VPD corridor.
Property Size5,625 SF
Price / SF$488.89
Days on Market107
Property Features for 444 Elliott Ave W
General Information
Standard status
Size
Property subtype
Lease Type
Site & Location
Neighborhood
Amenities
Owner/User or Value-Add Automotive Building For Sale or Lease
In Place Income Through 2027
High-Traffic, High-Visibility Location (50,700+ VPD) in Core Seattle
Flexible Zoning with Long-Term Redevelopment Potential
Strong Trade Area Surrounded by Significant Employers
Dense & Affluent Demographics
High Barrier-to-Entry Submarket
Building Details
Building Size
Listing Agency:
Seattle Office
Listed By:
Clay Brown · License #License(s): WA: 123258, ID: SP56979
(206) 826-5787
Source:
Marcusmillichap
Added: Jul 26
Changed: Nov 7
Last Checked: Nov 8 at 2:09AM
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 Seattle Office
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Investment Insights
Based on property information with market context.
This automotive building at 444 Elliott Ave W, Seattle, WA 98119 is offered for sale, with the listing noting in-place income through 2027. The property totals 5,625 square feet and is positioned as either an owner-user or a value-add opportunity based on the remarks.
The site is described as a high-traffic, high-visibility location with 50,700+ VPD in the core Seattle area. The listing further states the submarket has a high barrier to entry and that the property is in a strong trade area with significant employers, along with dense and affluent demographics.
Additional remarks indicate flexible zoning and long-term redevelopment potential. The listing also notes the asset is located in an income tax-free state.
The site is described as a high-traffic, high-visibility location with 50,700+ VPD in the core Seattle area. The listing further states the submarket has a high barrier to entry and that the property is in a strong trade area with significant employers, along with dense and affluent demographics.
Additional remarks indicate flexible zoning and long-term redevelopment potential. The listing also notes the asset is located in an income tax-free state.
Key Highlights
- Automotive building for sale or lease with in‑place income through 2027
- Frontage on a 50,700+ VPD high‑traffic corridor
- Location described as core Seattle with high‑visibility traffic counts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,873
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,460
$1.7M
Cap Rate 7%
$1,198,186
$1.2M
Cap Rate 9%
$931,922
$931.9K
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$123.5K $21.96/SF
− Vacancy
−$3.7K −$0.66/SF
EGI
$119.8K $21.30/SF
− OpEx
−$35.9K −$6.39/SF
NOI
$83.9K $14.91/SF
Area
Seattle, WA
Vacancy
3.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,460
Cap Rate 7%
$1,198,186
Cap Rate 9%
$931,922
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,873 @ 7.0% cap · market cap 3.05%
Second Best
Industrial
$727.4K
$636.4K – $848.6K
NOI $50,915 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,461 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,840
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98119, WA
26,238
Population
15,323
Households
1.7
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
10,933
Density / Sq Mi
$125,021
Median Household Income
$74,038
Median Earnings
$1,963
Median Rent
$1,032,500
Median Home Value
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Market
Properties on Market for Auto shops in King County
Vacancy Rate% for Retail in Seattle, WA
Similar Off Market Nearby
- Mitsubishi Key Replacement — 2918 1st Ave, Seattle, WA 98121
- Pep Boys — 444 Elliott Ave W, Seattle, WA 98119
- The Art of Carolyn Goodenough — 200 W Mercer St, Seattle, WA 98119
- Mobile oil change service — 118 Republican St, Seattle, WA 98109
- Taylor Brake Services — 630 Elliott Ave W, Seattle, WA 98119
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive building with in-place income through 2027 and frontage on a 50,700+ VPD corridor.
Where is this auto shop located?
The property is located at 444 Elliott Ave W Seattle, WA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Automotive building for sale or lease with in‑place income through 2027; Frontage on a 50,700+ VPD high‑traffic corridor; Location described as core Seattle with high‑visibility traffic counts
