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Absolute Automotive Care 9707 Key Peninsula Hwy NW 3,488 SF Retail Building Gig Harbor, WA 98329 $1,986,079 CAD ($569.40 CAD/SF) 24.65% Cap Rate
Financial Summary (Pro Forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,592,408
|
$456.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,592,408
|
$456.54
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,102,821
|
$316.18
|
| Net Operating Income |
$489,588
|
$140.36
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,592,408 |
| Annual Per SF | $456.54 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,592,408 |
| Annual Per SF | $456.54 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $1,102,821 |
| Annual Per SF | $316.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $489,588 |
| Annual Per SF | $140.36 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,488 SF
Building Class
C
Year Built
1960
Price
$1,986,079 CAD
Price Per SF
$569.40 CAD
Cap Rate
24.65%
NOI
$489,569 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.47 AC
Zoning
RAC - Commercial zoning with lots of potential uses
Frontage
250’ on Key Peninsula Hwy
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Absolute Auto Care
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Absolute Auto Care | Services | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 002236-4007 | Improvements Assessment | $200,799 CAD (2025) |
| Land Assessment | $588,016 CAD (2025) | Total Assessment | $788,816 CAD (2025) |
Property Taxes
Parcel Number
002236-4007
Land Assessment
$588,016 CAD (2025)
Improvements Assessment
$200,799 CAD (2025)
Total Assessment
$788,816 CAD (2025)
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Absolute Automotive Care | 9707 Key Peninsula Hwy NW
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