This exceptional 1.82-acre property in Chino, CA, features a 4,063 square foot car wash located at 11791 Central Ave, 91710. Priced at $4,990,000 ($1,228.16/sq ft), this special purpose property boasts a prime location on a busy street with high traffic counts exceeding 48,000 cars per day, situated near the 60 Freeway. Approximately half of the land is currently occupied by the existing car wash, leaving significant room for expansion. The property offers a rare opportunity to convert the existing facility into a Super Express or Super Flex car wash, adding features such as 40-50 vacuum stations and creating multiple profit centers. The potential exists to transform this site into a one-stop super auto service center. The surrounding area demonstrates strong demographics, with over 467,000 people residing within a 5-mile radius and average household incomes exceeding $107,000 within a 10-mile radius. This presents a unique investment opportunity with substantial upside potential for growth and increased profitability. Don't miss this chance to acquire a high-performing asset in a thriving market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,487,563
6.5%
$1,373,135
7%
$1,275,054
Comparable approach
Method
Valuation
Relative Method
$1,735,988
Geo Method
$2,628,315
Alternative Use
Use
Valuation
Residential
$1,158,291
Hospitality
$1,060,988
Educational
$882,730
Medical
$913,088
Retail
$1,373,135
Location Insight
City
Chino
County
San Bernardino
State
California
Latitude
34.0392
Longitude
-117.688
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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