Woodburn Automotive Service
555 N PACIFIC Woodburn, OR 97071
555 N PACIFIC, Woodburn, OR, 97071
$4,000,000
Pending
For Sale
$4,000,000
Pending
Automotive service business with multiple bays and storage.
Property Size23,082 SF
Lot Size3.00 Acres
Days on Market846
Property Features for 555 N PACIFIC
General Information
- Standard status
- Pending
- Size
- 23,082 SF
- Lot size
- 3.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1996
Listing Agency
RE/MAX EQUITY GROUP
(503) 653-0607
Listed by
GLORIA HAHN · License #941100045
Source
Corcoran
Added: Mar 27, 2024 Updated: Jul 10 at 12:54 pm Checked: Jul 20 at 3:24 am
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 RE/MAX EQUITY GROUP
Investment Insights
Based on property information with market context.
This family-owned and operated automotive service business, established in 1980, is a well-known and respected establishment in the Woodburn area. The business operates on two parcels totaling 3 acres. The property includes a building with 4 bays for mufflers, hitches, and related services, and another building, Woodburn Automotive, with 34 bays. Constructed initially in 1989-90, the second large building was expanded with a second story in 1999-2000. The facility provides full-service automotive repairs for foreign and domestic vehicles, including large trucks, RVs, motorhomes, trailers, tractors, farm equipment, motorcycles, and ATVs, utilizing up-to-date technology, equipment, and trained technicians. Over $500,000 in equipment and fixtures are included in the sale. The property features large private offices upstairs, along with a conference/lunch room. The main level includes a service desk, a comfortable waiting area, and a large shop space. The exterior provides a large fenced vehicle storage area, with approximately an acre undeveloped. The business has maintained a position in the top 3% out of 50 independent dealers for over 25 years as a U-Haul dealer.
Key Highlights
- Established automotive service business with a strong reputation since 1980.
- Two parcels totaling 3 acres with multiple buildings and 38 service bays.
- Includes over $500,000 in equipment and fixtures.
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 | $415.5k | $18.00 |
| − Vacancy | −$17.9k | −$0.77 |
| EGI | $397.6k | $17.23 |
| − OpEx | −$119.3k | −$5.17 |
| NOI | $278.3k | $12.06 |
23,082 SF · lease $18.00/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.98M
$3.48M – $4.64M
NOI $278,327 @ 7.0% cap · market cap 6.96%
Second Best
Industrial
$2.86M
$2.50M – $3.34M
NOI $200,323 @ 7.0% cap · market cap 5.01%
Theoretical Best
Specialty Retail
$5.43M
$4.75M – $6.33M
NOI $379,994 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Modern Diesel Repair And Service LLC — 17108 Pacific Hwy, Woodburn, OR 97071
- Genesis Automotive Repair — 11635 Pacific Ct NE, Woodburn, OR 97071
- Valvoline Instant Oil Change — 1780 Mt Hood Ave, Woodburn, OR 97071
- Veet's Auto Works — 1755 big Al lane, Woodburn, OR 97071
- Rescue Diesel Repair — 11792 NE Carl Rd, Woodburn, OR 97071
FAQs
What type of property is this?
Auto shop - Automotive service business with multiple bays and storage.
Where is this auto shop located?
The property is located at 555 N PACIFIC Woodburn, OR.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Established automotive service business with a strong reputation since 1980.; **Two parcels totaling 3 acres with multiple buildings and 38 service bays.**; Includes over $500,000 in equipment and fixtures.
