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Property profile & analytics
OFF-MARKET Estimated value $285,000
Auto shops

4015 Pacific Way Seaview, WA 98644-4210

3,392 SF 0.3 ac lot Built 1940
Individually Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US90-2079638
Property summary
AI-generated overview

This exceptional commercial property, located at 4015 Pacific Wy SW in Seaview, Washington, 98644, presents a unique investment opportunity. The 12,870 square foot lot boasts a prime location on the busy Pacific Highway, ensuring high visibility and accessibility. The property features over 3,000 square feet of completely asphalted space, previously utilized as an auto shop, RV repair facility, auto/RV parts store, and beauty salon. Recent renovations have added a commercial kitchen and living areas, significantly expanding its potential uses. This versatility allows for a wide range of possibilities, including conversion into vacation rentals, apartments, offices, or a return to its previous uses. The asking price of $590,000 translates to an attractive price per square foot of $183, making this a compelling value proposition. The property's size and location, combined with its recent upgrades, make it an ideal investment for entrepreneurs and developers seeking a high-impact commercial space in a thriving area. The property is ready for immediate occupancy and offers significant upside potential for future development or expansion. This is a rare opportunity to acquire a well-situated, versatile commercial property in a desirable location.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1940
Total area 3,392 SF
Lot 0.3 ac (13,068 SF)
APN 73026019002
UPID US90-2079638
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Caro RV Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k
Owner & transaction history
Richard L Hughes · 8 yrs held
Richard L Hughes
since 2018
4 recorded transactions
2018
Price N/A
2013
$319,500
2011
$259,900
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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