Automotive Shop with
4816 15th Ave NW Seattle, WA 98107
4816 15th Ave NW, Seattle, WA, 98107
Contact for pricing
For Sale
Contact for pricing
Automotive shop includes about 31% office space and a fenced yard for RV display and storage.
Property Size4,820 SF
Lot Size0.32 Acres
Price / SF$622.41
Days on Market94
Property Features for 4816 15th Ave NW
General Information
- Standard status
- Active
- Size
- 4,820 SF
- Lot size
- 0.32 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1962
Listing agency
Kidder Mathews Bellevue
(425) 450-1128
Listed by
Sun Choy · License #WA 111452
Source
Crexi
Added: Apr 20 Updated: Jul 21 at 10:27PM Checked: Jul 21 at 10:27PM
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 Kidder Mathews Bellevue
Investment Insights
Based on property information with market context.
The property consists of a single tax parcel improved with an automotive shop totaling 4,820 SF, with approximately 31% of the space designated as office. An additional paved/fenced yard supports RV display and storage. The site is covered at 29.6% and is configured for both shop operations and on-site office use.
The property is located on the southeast corner of 15th Ave NW and NW 49th St in Seattle’s Ballard neighborhood, in the southerly part of the area close to Salmon Bay and convenient to the Seattle CBD.
This is a combined shop-and-office facility with outdoor storage for RVs, suited to automotive-related businesses that require workspace, office support, and secured yard space on-site.
The property is located on the southeast corner of 15th Ave NW and NW 49th St in Seattle’s Ballard neighborhood, in the southerly part of the area close to Salmon Bay and convenient to the Seattle CBD.
This is a combined shop-and-office facility with outdoor storage for RVs, suited to automotive-related businesses that require workspace, office support, and secured yard space on-site.
Key Highlights
- 1962‑built automotive shop totaling 4,820 SF with about 31% office space
- 0.32‑acre site (13,744 SF) on the southeast corner of 15th Ave NW and NW 49th St
- Fenced yard area for RV display and storage
Local Financial Insights For Office B
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 | $146.3k | $30.36 |
| − Vacancy | −$33.5k | −$6.95 |
| EGI | $112.8k | $23.41 |
| − OpEx | −$28.2k | −$5.85 |
| NOI | $84.6k | $17.56 |
4,820 SF · lease $30.36/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,618 @ 7.0% cap · market cap 2.82%
Second Best
Retail
$1.03M
$898.4K – $1.20M
NOI $71,870 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,508 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wescold Systems Inc
Logistics Company
Cabana - Seattle Campervan ...
Campground & RV Park
Sales & Manufacturing
Department Store
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- Dark Harbor Marine Engine LLC — 1080 W Ewing Pl Bld. C, Seattle, WA 98119
- Britsport of Seattle — 4214 24th Ave W, Seattle, WA 98199
FAQs
What type of property is this?
Auto shop - Automotive shop includes about 31% office space and a fenced yard for RV display and storage.
Where is this auto shop located?
The property is located at 4816 15th Ave NW Seattle, WA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 1962‑built automotive shop totaling 4,820 SF with about 31% office space; 0.32‑acre site (13,744 SF) on the southeast corner of 15th Ave NW and NW 49th St; Fenced yard area for RV display and storage
