Automotive Repair Property with Five
For Sale
$1,500,000
8908 NE ST JOHNS Rd, Vancouver, WA 98665
CommercialSale, Vancouver, WA
Property Size5,300 SF
Lot Size1.33 Acres
Price / SF$283.02
Days on Market41
Property Features for 8908 NE ST JOHNS Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CC
Directions
St Johns Road North just across 88th Street on the West Side of the street
Subdivision
_42
Standard status
Active
APN
106008002
Size
5,300 SF
Lot size
1.33 Acres
Taxes and HOA fees
Tax Description
WRIGHTS HOMESTEAD LOTS #13-C LOT 1 1.33A FOR ASSESSOR USE ONLY PT
Tax Annual Amount
3729
Legal Description
WRIGHTS HOMESTEAD LOTS #13-C LOT 1 1.33A FOR ASSESSOR USE ONLY PT
Amenities
large signage
air conditioning
heat pump
Building Details
Year built
1946
Floors in Building
1
Building materials
Block, WoodSiding
Roof type
Composition
Listing Agency:
Weichert Realtors, Equity NW
(360) 253-1212
Listed By:
Rod Sager
(360) 737-4600
Added: Jul 17
Last Checked: Aug 26 at 3:06AM
MLS# 737703990
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.33-acre automotive property includes an operating repair business with more than 20 years at the location. The main 2,420-square-foot building has five service bays, including two oriented toward St Johns Road, and includes lifts, machinery, and some tools. A separate 1,344-square-foot retail building contains two storefronts, with one under a one-year lease and the other used for owner storage. Additional improvements include a 720-square-foot detached storage building and an 816-square-foot, two-bedroom, one-bath house leased month to month. The retail building has A/C, while the house has a new heat pump.
The site includes permitted grandfathered signage and approximately 378 feet of St Johns Road frontage. More than 15,000 cars per day are reported along the corridor, where new development includes a Dutch Bros and convenience store/gas operation under construction nearby. The property is zoned CC and includes addresses from 8908 through 8916 St Johns Road.
The site includes permitted grandfathered signage and approximately 378 feet of St Johns Road frontage. More than 15,000 cars per day are reported along the corridor, where new development includes a Dutch Bros and convenience store/gas operation under construction nearby. The property is zoned CC and includes addresses from 8908 through 8916 St Johns Road.
Key Highlights
- 1.33‑acre property with approximately 378 feet of St Johns Road frontage
- 2,420 SF automotive repair building with 5 bays, including 2 facing St Johns Road
- Four buildings totaling 5,300 SF, including retail, storage, and residential improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,251,460
$1.3M
Cap Rate 7%
$893,900
$893.9K
Cap Rate 9%
$695,256
$695.3K
Market Conditions
NOI Build-Up for 5,300 SF
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.
Gross rent
$95.4K $18.00/SF
− Vacancy
−$6.0K −$1.13/SF
EGI
$89.4K $16.87/SF
− OpEx
−$26.8K −$5.06/SF
NOI
$62.6K $11.81/SF
Area
Vancouver, WA
Vacancy
6.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,251,460
Cap Rate 7%
$893,900
Cap Rate 9%
$695,256
Alternative Uses
Best Use
Retail
$893.9K
$782.2K – $1.04M
NOI $62,573 @ 7.0% cap · market cap 4.17%
Second Best
Industrial
$684.1K
$598.6K – $798.2K
NOI $47,889 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,773 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98665, WA
28,780
Population
11,894
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,889
Density / Sq Mi
$83,750
Median Household Income
$46,000
Median Earnings
$1,678
Median Rent
$447,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wapiti NW Fleet Specialists — 7319 NE 37th Ave, Vancouver, WA 98665
- Wrench Monkeys — 7319 NE 37th Ave, Vancouver, WA 98665
- Brown's Quality Automotive Services — 7613 NE St Johns Rd H, Vancouver, WA 98665
- Quality Auto Repair & Paint — 7507 NE 47th Ave, Vancouver, WA 98661
- NW Powerstroke Repair and Performance — 7316 NE 47th Ave, Vancouver, WA 98661
Frequently Asked Questions
What type of property is this?
Auto shop - Operating business includes repair equipment, multiple buildings, permitted signage, and direct frontage along St Johns Road.
Where is this auto shop located?
The property is located at 8908 NE ST JOHNS Rd Vancouver, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.33‑acre property with approximately 378 feet of St Johns Road frontage; 2,420 SF automotive repair building with 5 bays, including 2 facing St Johns Road; Four buildings totaling 5,300 SF, including retail, storage, and residential improvements
