Auto-Repair Property with
4607-4613 37th Ave SW Seattle, WA 98126
4607-4613 37th Ave SW, Seattle, WA, 98126
Contact for pricing
For Sale
Contact for pricing
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 Market57
Property Features for 4607-4613 37th Ave SW
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.26 Acres
- Property subtype
- RETAIL
Listing agency
Lee & Associates Commercial Real Estate Services
(425) 818-2656
Listed by
Alex Muir
(253) 303-1983
Source
Moodyscre
Added: May 26 Updated: Jul 21 at 7:30AM Checked: Jul 21 at 7:30AM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.8k | $21.96 |
| − Vacancy | −$3.0k | −$0.66 |
| EGI | $95.9k | $21.30 |
| − OpEx | −$28.8k | −$6.39 |
| NOI | $67.1k | $14.91 |
4,500 SF · lease $21.96/SF/yr · vacancy 3.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Young's Home Services — 5401 Fauntleroy Wy SW, Seattle, WA 98136
- Johnston Auto Glass — 4742 42nd ave sw, seattle, wa 98116
- Jiffy Lube — 4000 SW Alaska St, Seattle, WA 98116
- Sunshine Towing — 4815 Fauntleroy Wy SW, Seattle, WA 98116
- Courtesy Tire — 4820 California Ave SW, Seattle, WA 98116
FAQs
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
