Palm Springs Automotive/Industrial
145 W Oasis Rd Palm Springs, CA 92262
145 W Oasis Rd, Palm Springs, CA, 92262
$1,100,000
For Sale
$1,100,000
Turnkey automotive business with redevelopment potential in Palm Springs.
Property Size5,616 SF
Lot Size0.41 Acres
Price / SF$195.87
Days on Market138
Property Features for 145 W Oasis Rd
General Information
- Standard status
- Active
- Size
- 5,616 SF
- Lot size
- 0.41 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1974
Listing Agency
Coldwell Banker Commercial Lyle & Associates
(760) 774-6533
Listed by
Michael Lyle · License #CalDRE #02002995
Source
Cbclyle
Added: Mar 5 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 3:18 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Lyle & Associates
Investment Insights
Based on property information with market context.
This Palm Springs property presents a rare automotive or industrial opportunity, situated in a desirable location in the heart of Palm Springs, offering logistical access and positioning in one of Coachella Valley’s most attractive and business-friendly cities. The sale includes the H&H Automotive business, along with all equipment and inventory, making it a turnkey opportunity for an owner-user or operator in the automotive or service-industrial space. Ideal for investors, H&H Auto is vacating, opening the door for a full renovation and re-lease strategy. The area’s low industrial vacancy suggests strong leasing demand and rent upside. The asset is priced below replacement cost and market rents, offering room to improve building functionality and achieve higher returns post-upgrade. The 17,859 square foot lot includes a 5,616 square foot primarily block-walled yard, providing secure outdoor storage or workspace. Built in 1974 with a metal tilt up design, two oversized drive-ins (16’W x 20’H), and 12 surface parking stalls, the property supports a variety of industrial and automotive uses under its M-1 zoning.
Key Highlights
- Turnkey automotive business (H&H Automotive) with all equipment and inventory included.
- Desirable Palm Springs location with logistical access (4.5 miles to the airport, close to I‑10).
- Priced below replacement cost and market rents, offering value‑add potential through renovation and re‑leasing.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.3k | $21.60 |
| − Vacancy | −$6.3k | −$1.12 |
| EGI | $115.0k | $20.48 |
| − OpEx | −$34.5k | −$6.14 |
| NOI | $80.5k | $14.33 |
5,616 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,498 @ 7.0% cap · market cap 7.32%
Second Best
Industrial
$658.8K
$576.5K – $768.6K
NOI $46,118 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,772 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
H & H Automotive ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Tony’s Auto Center — 301 W Del Sol Rd, Palm Springs, CA 92262
- Arcaro's Auto Body Repair, Inc. — 340 W Del Sol Rd, Palm Springs, CA 92262
- Yousef's Service Center — 2796 N Palm Canyon Dr, Palm Springs, CA 92262
- Tony Auto Center — 301 W Del Sol Rd, Palm Springs, CA 92262
- Corea's Auto Electric — 401 W Radio Rd Suite C14, Palm Springs, CA 92262
FAQs
What type of property is this?
Auto shop - Turnkey automotive business with redevelopment potential in Palm Springs.
Where is this auto shop located?
The property is located at 145 W Oasis Rd Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Turnkey automotive business (H&H Automotive) with all equipment and inventory included.; Desirable Palm Springs location with logistical access (4.5 miles to the airport, close to I‑10).; Priced below replacement cost and market rents, offering value‑add potential through renovation and re‑leasing.
