19222 Alton PkwyLake Forest, CA 92610

  • Other commercial real estate
  • 1.63 AC
For Sale

Property Details for 19222 Alton Pkwy

Lot size
1.63 AC
Property type
Other commercial real estate
Property subtype
Showrooms
APN
612-071-02
APU
61207102

Description

This exceptional Class A commercial property, located at 19222 Alton Pkwy, Lake Forest, CA 92610, presents a lucrative investment opportunity. The property encompasses a substantial 71,044 square foot lot and features a 7,040 square foot building operating as a Chevron gas station, car wash, and mechanic shop. Built in 2000, the property boasts eight gas pumps and is comprised of three units. The property benefits from a strong, established tenant with a 10+ year NNN lease, ensuring consistent income. Situated in a prime Orange County location, this investment is further enhanced by its high-end demographic and affluent surrounding area. Within a two-mile radius, the average household income is $162,000, indicating significant consumer spending power and a stable market for the business. This turnkey operation offers a rare combination of established revenue streams and significant growth potential in a desirable location. The property's size and diverse offerings provide a robust foundation for long-term financial success. This is an exceptional opportunity to acquire a high-performing commercial property in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $22,653,690
    6.5%
    $20,911,098
    7%
    $19,417,448
  • Comparable approach

    Method
    Valuation
    Relative Method
    $29,314,498
    Geo Method
    $63,013,500
  • Alternative Use

    Use
    Valuation
    Residential
    $17,639,294
    Hospitality
    $16,157,498
    Educational
    $13,442,849
    Medical
    $13,905,169
    Retail
    $20,911,098
19222 Alton Pkwy, Lake Forest, California

Location Insight

City
Foothill Ranch
County
Orange
State
California
Latitude
33.6824
Longitude
-117.667
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA 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
$46,943
$2,535,348
$1,955,830
$4,491,178
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