9707 Key Peninsula Hwy NW Gig Harbor, WA 98329
Property profile & analytics
9707 Key Peninsula Hwy NW Gig Harbor, WA 98329
- Auto shops
- 2,240 SF
- 2.47 lot acres
Property ID
US90-1195684
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Absolute Auto Care / Auto Repair Shop
Property Details for 9707 Key Peninsula Hwy NW
- Year built
- 2002
- Construction
- WOOD FRAME
- Lot size
- 2.47 lot acres
- Property size
- 2,240 SF
- Zone code
- RAC
- Property type
- Auto shops
- APN
- 22364007
- APU
- 22364007
Description
Exceptional opportunity to acquire a well-established auto repair shop located at 9707 Key Peninsula Hwy NW, Gig Harbor, WA 98329. This single-story, 3,488 square foot building sits on a substantial 2.47-acre lot (107,593 sq ft), boasting 250 feet of road frontage. Built in 2002, the property features six bays, a fenced area accommodating up to 50 vehicles, dual drive-through entries, and a wired security system. The current asking price for the real estate is $849,990, representing a compelling 7.06% capitalization rate based on a net operating income (NOI) of $60,000. The property's current lease, offered at $5,000 per month triple net, further enhances its investment potential. Showings are by appointment only, after 3 PM, and cannot be conducted during business hours. The sale is contingent upon the separate sale of the business currently operating on the premises. SBA loan options may be available. This is a rare opportunity to own a thriving, established business and property in a prime location. The property's parcel number is 0022364007.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $957,000
Market price range: $343k - $957k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $825,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $955,000 Change: +16% Conversion: Difficult
- RETAIL STORES
- $685,000 Change: -17% Conversion: Difficult
- WAREHOUSE, STORAGE
- $670,000 Change: -19% Conversion: Easy
- COMMERCIAL (GENERAL)
- $670,000 Change: -19% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gig Harbor
- County
- Pierce
- State
- Washington
- Longitude
- -122.741
- Latitude
- 47.3458
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,561
$380,500
$191,900
$572,400
-
$380,500
$191,900
$572,400
