Olympia Automotive Facility with
5130 Boston Harbor Rd NE, Olympia, WA 98506
Turn-key automotive facility on 1.75+ acres with expansion potential.
Type:Retail
Property size:
4,718 SFLot size:
1.75 AcresPrice / SF:
$254/SF- Added:
- Jan 12, 2026
- Days on Market:
- 166
- Last Refresh:
- Mar 16 at 1:37 pm
Property Features for 5130 Boston Harbor Rd NE
General Information
- Standard status
- Active
- Size
- 4,718 SF
- Lot size
- 1.75 Acres
- Property subtype
- Retail
Listing office Northfork Realty
Listing date Jan 12, 2026
Source Crexi
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 Northfork Realty
HighLights
- Turn‑key automotive facility on 1.75+ acres with room for expansion.
- Shop boasts 10 bays including 4 above‑ground lifts, an RV lift, and a machine shop.
- Potential for $7,000+ monthly income from 16 covered and 45 uncovered RV spots.
- On‑site studio‑style living quarters with kitchen, bathroom, laundry, and unfinished attic.
- Fully fenced property.
- Designated parts department.
Overview
Located in Olympia, this automotive facility is a turn-key operation situated on over 1.75 acres. The property is fully fenced and offers ample room for future expansion. The shop area includes 10 bays, featuring 4 above-ground lifts, 3 additional interior bays, an RV lift, a machine shop, and a designated parts department. The layout is designed to support high-capacity operations. The property includes 16 covered RV spots and up to 45 uncovered spots, with potential for over $7,000 in monthly income. On-site studio-style living quarters with gas heat includes a kitchen, bathroom, laundry, and unfinished attic space. The living quarters are suitable for office use, staff housing, or added storage. This property offers functionality and flexibility for an owner-user or investor.
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 | $101.9k | $21.60 |
| − Vacancy | −$20.0k | −$4.23 |
| EGI | $81.9k | $17.37 |
| − OpEx | −$20.5k | −$4.34 |
| NOI | $61.5k | $13.02 |
4,718 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$877.9K
$768.1K – $1.02M
NOI $61,451 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$813.6K
$711.9K – $949.2K
NOI $56,950 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,700 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
McLees Automotive Repair ...
Auto Repair Shop
McLees RV Repair
Auto Repair Shop
Similar Places Nearby
- McLees Automotive Repair Marine & RV — 5130 Boston Harbor Rd NE, Olympia, WA 98506
- Agafors Automotive — 4810 Boston Harbor Rd NE, Olympia, WA 98506
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.8803749
- Latitude
- 47.1063608
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Turn-key automotive facility on 1.75+ acres with expansion potential.
Where is this auto shop located?
The property is located at 5130 Boston Harbor Rd NE Olympia, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Turn‑key automotive facility on 1.75+ acres with room for expansion.; Shop boasts 10 bays including **4 above‑ground lifts, an RV lift, and a machine shop.**; Potential for $7,000+ monthly income from 16 covered and 45 uncovered RV spots.
