Auto-Repair Property with
For Sale
$2,200,000
4607-4613 37th Ave SW, Seattle, WA 98126
Auto-repair building offered for sale for the first time in over 40 years, covering two parcels totaling 11,500 SF.
Property Size4,500 SF
Lot Size0.26 Acres
Price / SF$488.89
Days on Market136
Property Features for 4607-4613 37th Ave SW
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.26 Acres
Property subtype
Industrial / Retail
Zoning
NC3-75 (M)
Building Details
Building Size
4,500 SF
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
McCallum Mead
(425) 922-4160
Source:
Lee-associates
Added: Jun 7
Changed: Oct 13
Last Checked: Oct 20 at 7:27PM
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 Lee & Associates Commercial Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale auto-repair property includes a 4,500 SF building on two parcels totaling 11,500 SF. The offering presents long-term flexibility under NC3-75 (M) zoning, supporting a range of investor and owner-user use cases.
The property is located at the entrance of the West Seattle Junction in Seattle, identified in the remarks as one of the city’s long-term growth markets. The site is being presented as a rare ownership opportunity, with the property noted as being offered for sale for the first time in more than 40 years.
Interested parties can review the two-parcel configuration and NC3-75 (M) zoning to assess fit for current operations and potential future redevelopment planning, consistent with the flexibility highlighted in the offering materials.
The property is located at the entrance of the West Seattle Junction in Seattle, identified in the remarks as one of the city’s long-term growth markets. The site is being presented as a rare ownership opportunity, with the property noted as being offered for sale for the first time in more than 40 years.
Interested parties can review the two-parcel configuration and NC3-75 (M) zoning to assess fit for current operations and potential future redevelopment planning, consistent with the flexibility highlighted in the offering materials.
Key Highlights
- 4,500 SF auto‑repair property offered for sale for the first time in over 40 years
- Two parcels total 11,500 land SF
- Zoned NC3‑75 (M) for long‑term flexibility for investors, owner‑users, and developers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,099
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,980
$1.3M
Cap Rate 7%
$958,557
$958.6K
Cap Rate 9%
$745,544
$745.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$98.8K $21.96/SF
− Vacancy
−$3.0K −$0.66/SF
EGI
$95.9K $21.30/SF
− OpEx
−$28.8K −$6.39/SF
NOI
$67.1K $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%
$1,341,980
Cap Rate 7%
$958,557
Cap Rate 9%
$745,544
Alternative Uses
Best Use
Retail
$958.6K
$838.7K – $1.12M
NOI $67,099 @ 7.0% cap · market cap 3.05%
Second Best
Industrial
$581.9K
$509.2K – $678.9K
NOI $40,732 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,769 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98126, WA
23,727
Population
10,824
Households
2.2
Avg Household Size
38
Median Age
60%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,654
Density / Sq Mi
$114,030
Median Household Income
$73,642
Median Earnings
$1,708
Median Rent
$751,900
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Similar Off Market Nearby
- Young's Home Services — 5401 Fauntleroy Wy SW, Seattle, WA 98136
- Courtesy Tire — 4820 California Ave SW, Seattle, WA 98116
- Johnston Auto Glass — 4742 42nd ave sw, seattle, wa 98116
- Sunshine Towing — 4815 Fauntleroy Wy SW, Seattle, WA 98116
- Jiffy Lube — 4000 SW Alaska St, Seattle, WA 98116
Frequently Asked Questions
What type of property is this?
Auto shop - Auto-repair building offered for sale for the first time in over 40 years, covering two parcels totaling 11,500 SF.
Where is this auto shop located?
The property is located at 4607-4613 37th Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 4,500 SF auto‑repair property offered for sale for the first time in over 40 years; Two parcels total 11,500 land SF; Zoned NC3‑75 (M) for long‑term flexibility for investors, owner‑users, and developers
