Automotive Repair and Retail
For Sale
$1,500,000
8908 NE St Johns Road, Vancouver, WA 98665
Automotive repair shop with storefront retail, detached storage, and a leased two-bedroom house on a high-frontage site.
Property Size5,300 SF
Price / SF$283.02
Days on Market49
Property Features for 8908 NE St Johns Road
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Commercial
Building Details
Year Built
1946
Listing Agency:
Weichert Realtors,Equity NW
(360) 737-4600
Listed By:
Rod Sager
Source:
Century21northhomes
Added: Jul 7
Changed: Aug 23
Last Checked: Aug 23 at 3:08AM
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 Weichert Realtors,Equity NW
Investment Insights
Based on property information with market context.
This multi-building automotive repair and commercial compound includes Bergman’s Automotive operating on-site for more than 20 years, along with business equipment such as lifts, machinery, and some tools. The auto repair building is approximately 2,420 SF with five bays, two of which front St Johns Road. Also on site is an approximately 1,344 SF retail building with two storefronts facing St Johns Road; one storefront is leased on a one-year lease, and the other is used as the owner’s personal storage space. Additional improvements include a detached storage building of approximately 720 SF and an approximately 816 SF two-bedroom, one-bath house with a renovation currently wrapping up. The house is leased month to month, and the retail building has A/C. The two-bedroom home has a brand new heat pump.
The property sits on approximately 1.33 acres with about 378 feet of frontage on St Johns Road. Large signage is included and is fully permitted (grandfathered in). The addresses included are 8908, 8910, 8912, 8914, and 8916 St Johns Road.
The site is described as having room for additional buildings, and corridor activity includes nearby development already underway, including a new Dutch Bros and a convenience store/gas operation two doors south.
The property sits on approximately 1.33 acres with about 378 feet of frontage on St Johns Road. Large signage is included and is fully permitted (grandfathered in). The addresses included are 8908, 8910, 8912, 8914, and 8916 St Johns Road.
The site is described as having room for additional buildings, and corridor activity includes nearby development already underway, including a new Dutch Bros and a convenience store/gas operation two doors south.
Key Highlights
- 1.33‑acre commercial site with Bergman’s Automotive (operating 20+ years) and business equipment, including lifts and machinery
- Four buildings total: 2,420 SF auto repair shop with 5 bays (2 bays fronting St Johns Road)
- 1,344 SF retail building with 2 St Johns Road storefronts; one is on a 1‑year lease and the other is owner personal storage
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
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
- Quality Auto Repair & Paint — 7507 NE 47th Ave, Vancouver, WA 98661
- Wapiti NW Fleet Specialists — 7319 NE 37th Ave, Vancouver, WA 98665
- NW Powerstroke Repair and Performance — 7316 NE 47th Ave, Vancouver, WA 98661
- Wrench Monkeys — 7319 NE 37th Ave, Vancouver, WA 98665
- Brown's Quality Automotive Services — 7613 NE St Johns Rd H, Vancouver, WA 98665
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair shop with storefront retail, detached storage, and a leased two-bedroom house on a high-frontage site.
Where is this auto shop located?
The property is located at 8908 NE St Johns Road 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 commercial site with Bergman’s Automotive (operating 20+ years) and business equipment, including lifts and machinery; Four buildings total: 2,420 SF auto repair shop with 5 bays (2 bays fronting St Johns Road); 1,344 SF retail building with 2 St Johns Road storefronts; one is on a 1‑year lease and the other is owner personal storage
