Renovated Automotive Shop
For Sale
$3,200,000
4715 Auburn Way N, Auburn, WA 98002
Highly functional automotive shop with 11 bay doors, fenced secure lot, and ample parking in an off-Auburn Way North location.
Property Size7,912 SF
Price / SF$404.45
Days on Market92
Property Features for 4715 Auburn Way N
General Information
Standard status
Active
Size
7,912 SF
Property subtype
Retail
Listing Agency:
NAI Puget Sound Properties
Listed By:
Kyle Sterling · License #126435
(425) 586-5608
Source:
Nai-psp
Added: Jul 18
Changed: Oct 13
Last Checked: Oct 16 at 6:45AM
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 NAI Puget Sound Properties
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Investment Insights
Based on property information with market context.
This renovated automotive shop building offers a highly functional layout with 11 bay doors and a dedicated office/lobby addition. The property includes modernized building systems and improvements completed from 2022 to 2025, including a new roof, HVAC, garage doors, electrical, and interior and exterior painting. The site is fenced and secure, with ample parking for day-to-day operations.
The building is located off Auburn Way North and benefits from strong visibility. Zoning is listed as C3, permitting automotive and industrial uses, along with business and equipment.
The property is being offered for lease, with the business and equipment also available for sale; contact brokers to discuss details.
The building is located off Auburn Way North and benefits from strong visibility. Zoning is listed as C3, permitting automotive and industrial uses, along with business and equipment.
The property is being offered for lease, with the business and equipment also available for sale; contact brokers to discuss details.
Key Highlights
- 7,912 SF automotive shop building on a 32,924 SF lot for lease
- 11 bay doors with a highly functional shop layout
- Fully renovated 2022–2025 including new roof, HVAC, garage doors, electrical, and exterior/interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,535
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,700
$2.8M
Cap Rate 7%
$2,021,929
$2.0M
Cap Rate 9%
$1,572,611
$1.6M
Market Conditions
NOI Build-Up for 7,912 SF
Gross rent
$208.9K $26.40/SF
− Vacancy
−$6.7K −$0.84/SF
EGI
$202.2K $25.56/SF
− OpEx
−$60.7K −$7.67/SF
NOI
$141.5K $17.89/SF
Area
King County, WA
Vacancy
3.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,700
Cap Rate 7%
$2,021,929
Cap Rate 9%
$1,572,611
Alternative Uses
Best Use
Retail
$2.02M
$1.77M – $2.36M
NOI $141,535 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$1.14M
$994.7K – $1.33M
NOI $79,574 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,827 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 4%
Home Improvements & Furnishings 1%
Chevron
Shops & Services
23,663 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,822 visits/mo
0.2 miles
SUBWAY
Dining
1,139 visits/mo
0.1 miles
One Stop
Shops & Services
1,011 visits/mo
0.1 miles
Auburn Way Self Storage
Shops & Services
743 visits/mo
0.2 miles
Demographics for 98002, WA
38,474
Population
15,279
Households
2.5
Avg Household Size
36
Median Age
18%
College-Educated
84%
High-School Grad
7.2 sq mi
ZIP Area
5,344
Density / Sq Mi
$77,714
Median Household Income
$44,616
Median Earnings
$1,613
Median Rent
$397,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Fleet Strong NW — 420 37th St NW unit F, Auburn, WA 98001
- Auburn Car Repair & Offroad — 328 37th St NW, Auburn, WA 98001
- Sunset Window Tinting — 28 37th St NE, Auburn, WA 98001
- Loopies — 134 37th St NE, Auburn, WA 98002
- Lupe Auto Service — 3419 C St NE, Auburn, WA 98002
Frequently Asked Questions
What type of property is this?
Auto shop - Highly functional automotive shop with 11 bay doors, fenced secure lot, and ample parking in an off-Auburn Way North location.
Where is this auto shop located?
The property is located at 4715 Auburn Way N Auburn, WA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 7,912 SF automotive shop building on a 32,924 SF lot for lease; 11 bay doors with a highly functional shop layout; Fully renovated 2022–2025 including new roof, HVAC, garage doors, electrical, and exterior/interior paint
