Property profile

109 Fox St Ojai, CA 93023

FOR SALE
Car washes
Property ID
US10-1453869
0.34 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Ojai, CA commercial property presents a rare opportunity to acquire a thriving, established self-serve car wash business situated on two legal lots totaling approximately 15,000 square feet. Located just one block from Ojai Avenue, this cash-flowing business boasts a decades-long history of profitability and requires minimal owner-operator involvement. The property's significant upside lies in its versatile Village Mixed Use zoning, allowing for a diverse range of residential and commercial development options. The two lots can be developed independently or as a single project, offering considerable flexibility for future expansion or redevelopment. The car wash equipment underwent a substantial upgrade in 2005, ensuring continued operational efficiency. This 0.34-acre property is priced at $775,000. Detailed financial projections are available upon request, providing potential buyers with a comprehensive understanding of the business's strong performance and future growth potential. This is a unique investment opportunity combining immediate income generation with substantial long-term development possibilities in the desirable Ojai market. The property's prime location and flexible zoning make it an attractive proposition for both seasoned investors and those seeking a blend of established business and future development potential.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Lot 0.34 ac (14,810 SF)
APN 023-0-110-500
UPID US10-1453869

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

109 Fox St Ojai, CA 93023
Ojai metro Census 902 OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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