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Pep Boys (Dark) 444 Elliott Ave W 5,625 SF Retail Building Seattle, WA 98119 $2,750,000 ($488.89/SF) 4.50% Cap Rate



Investment Highlights
- Owner/User or Value-Add Automotive Building For Sale or Lease
- High-Traffic, High-Visibility Location (50,700+ VPD) in Core Seattle
- Strong Trade Area Surrounded by Significant Employers
- In Place Income Through 2027
- Flexible Zoning with Long-Term Redevelopment Potential
- Dense & Affluent Demographics | High Barrier-to-Entry Submarket
Executive Summary
Owner/User or Value-Add Automotive Building For Sale or Lease
In Place Income Through 2027
High-Traffic, High-Visibility Location (50,700+ VPD) in Core Seattle
Flexible Zoning with Long-Term Redevelopment Potential
Strong Trade Area Surrounded by Significant Employers
Dense & Affluent Demographics
High Barrier-to-Entry Submarket
Income Tax-Free State
In Place Income Through 2027
High-Traffic, High-Visibility Location (50,700+ VPD) in Core Seattle
Flexible Zoning with Long-Term Redevelopment Potential
Strong Trade Area Surrounded by Significant Employers
Dense & Affluent Demographics
High Barrier-to-Entry Submarket
Income Tax-Free State
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$124,080
|
$21.05
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $124,080 |
| Annual Per SF | $21.05 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,625 SF
Building Class
C
Year Built/Renovated
1959/2016
Price
$2,750,000
Price Per SF
$488.89
Cap Rate
4.50%
NOI
$123,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.28 AC
Zoning
C240
Parking
24 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
120’ on Elliott
Amenities
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
8 Service bays
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,895 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 5,895 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 5,895 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
8 Service bays
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 199220-0005 | Improvements Assessment | $257,500 (2025) |
| Land Assessment | $2,302,800 (2025) | Total Assessment | $2,560,300 (2025) |
Property Taxes
Parcel Number
199220-0005
Land Assessment
$2,302,800 (2025)
Improvements Assessment
$257,500 (2025)
Total Assessment
$2,560,300 (2025)
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