Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Fox St Ojai, CA 93023

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $775,000

    Self-serve car wash business with development potential near Ojai Avenue.

    Lot size:
    0.34 Acres

    Property Features for 109 Fox St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.34 Acres

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    Rosalie Zabilla
    Rosalie Zabilla
    Source: Elliman

    Listing Agency: Sotheby's International Realty Listing Agent: Rosalie Zabilla

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Profitable Car Wash on Two Lots

    This property features a profitable self-serve car wash business situated on two legal lots, totaling approximately 15,000 square feet. Located just one block from Ojai Avenue, the car wash has a decades-long track record of cash flow with minimal owner/operator involvement. Equipment was significantly upgraded in 2005. The property's Village Mixed Use zoning allows for a variety of residential and commercial uses, offering excellent long-term development options. The lots can be developed separately or together. The property is suitable for automotive, retail, and commercial purposes.
    Location Intelligence

    Current Use by Public Records

    Self service car ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ojai
    County
    Ventura
    State
    California
    Longitude
    -119.241711
    Latitude
    34.447611

    Nearby Similar for Sale

    • Contact for pricing

      Established Hair Salon Business Opportunity

      Turnkey hair salon with loyal clientele in Ojai, California.
      423 East Ojai Ave, Ojai, CA 93023
      View Details
    • $899,000
      Pending

      High-Visibility Commercial Property in Ojai

      Corner lot near Highways 150 and 33 with renovated structure.
      65 Baldwin Rd, Ojai, CA 93023
      View Details
    • $3,999,000
      1,736 SF

      Downtown Ojai Commercial Real Estate

      High-visibility commercial property in downtown Ojai, adjacent to luxury hotel.
      110 W Ojai Ave, Ojai, CA 93023
      View Details
    • $3,999,000

      Prime Retail Space in Ojai

      High-visibility retail property in the heart of downtown Ojai.
      110 West Ojai Ave, Ojai, CA 93023
      View Details
    • $4,250,000
      3,934 SF

      Renovated Ranch Home with JADU

      Spacious Ojai home with pool, views, and rental potential.
      1131 Rancho Dr, Ojai, CA 93023
      View Details
    • $775,000

      Profitable Car Wash on Two Lots

      Self-serve car wash business with long track record for sale.
      109 Fox St, Ojai, CA 93023
      View Details
    • $1,350,000

      Ojai Commercial Property For Sale

      Commercial property with frontage on Ojai Avenue available for sale.
      996 E Ojai Ave E, Ojai, CA 93023
      View Details
    • $2,099,000

      Established Restaurant in Downtown Ojai

      Turn-key restaurant in prime downtown Ojai location.
      108 S Montgomery St, Ojai, CA 93023
      View Details
    • $395,000

      Ojai Senior Community Home

      Elegant manufactured home in a gated Ojai senior community.
      1885 Maricopa Hwy, Ojai, CA 93023
      View Details
    • $259,000

      Ojai Specialty Property for Sale

      Specialty property available for purchase in Ojai, California.
      1225 Rice Rd, Ojai, CA 93023
      View Details
    • $129,000

      Ojai 55+ Mobile Home

      Cozy 1-bedroom home in a welcoming senior community.
      1075 Loma Dr, Ojai, CA 93023
      View Details

    FAQs

    What type of property is this?
    Self service car wash - Self-serve car wash business with development potential near Ojai Avenue.
    Where is this self service car wash located?
    The property is located at 109 Fox St Ojai, CA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Profitable self-serve car wash business with decades-long track record.; - Located on two legal lots totaling approximately 15,000 sqft, one block off Ojai Avenue.; - Village Mixed Use zoning allows for versatile residential and commercial development options.
    (805) 969-9993
    Request Owner's contact information
    109 Fox St Ojai, CA 93023
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 Fox St
    Ojai, CA 93023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Fox St Ojai, CA 93023
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rosalie Zabilla
    Rosalie Zabilla
    Real Estate License ID: 01493361
    (805) 969-9993 (805) 455-3183
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!