19222 Alton PkwyLake Forest, CA 92610

Property Details for 19222 Alton Pkwy

Lot size

1.63 AC

Property type

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.

• 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

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