44267 Division StLancaster, CA 93535

Property Details for 44267 Division St

Year built

1980

Lot size

0.11 AC

Property size (Sq ft)

5,000 SF

Zone code

LRC3*

Property type

Retail properties

Property subtype

Parking lots & garages

APN

3132-015-050

APU

3132015050

Description

This exceptional investment opportunity presents a thriving, state-of-the-art express car wash and auto repair center located at 44267 Division St, Lancaster, CA 93535. The property, situated on over 39,608 square feet (approximately 1 acre) of land zoned C3, boasts a 12,812 square foot building encompassing an 8,000 square foot car wash and a 5-bay, 5,000 square foot repair shop. The car wash, recently renovated with over $1.1 million in upgrades, features 18 vacuums and a capacity exceeding 500 cars daily. The repair shop services approximately 800 cars monthly, generating consistent revenue. Currently operating at 100% occupancy since September 9, 2023, the business enjoys a strong history dating back to the early 1980s and serves major national fleet accounts. The current Net Operating Income (NOI) is $250,000, with a pro-forma NOI projected at $350,000, resulting in a 7.46% cap rate and a pro-forma cap rate of 10.45%. The asking price is $3,350,000, representing a price per square foot of $261.47. This turnkey operation offers significant income potential and presents a rare opportunity to acquire a well-established, high-performing auto care center in a prime location. The property's substantial size and established client base provide ample room for future growth and expansion. This is a truly exceptional opportunity to own a complete auto care center with outstanding income potential, significantly below replacement cost.

• CAP approach

  CAP return

  Valuation

  6%

  $2,329,911

  6.5%

  $2,150,687

  7%

  $1,997,067

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,396,016

  Geo Method

  $2,396,016

• Alternative Use

  Use

  Valuation

  Residential

  $1,814,185

  Hospitality

  $1,661,784

  Educational

  $1,382,585

  Medical

  $1,430,134

  Retail

  $2,150,687

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.6869

Longitude

-118.131

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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