19222 Alton PkwyLake Forest, CA 92610
- Other commercial real estate
- 1.63 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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