Hand Car Wash and Commercial
For Sale
$1,500,000
16002 Main St, San Bernardino, CA 92345
Large car wash property on Main St, suited for a hand car wash operation or flexible commercial use.
Property Size4,600 SF
Days on Market91
Property Features for 16002 Main St
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Commercial
Building Details
Building Size
4,600 SF
Listing Agency:
Rodeo Realty
(626) 277-7079
Listed By:
Fenny Widhiahrini · License #01510432
Source:
Elliman
Added: Jun 3
Changed: Aug 31
Last Checked: Aug 31 at 4:44PM
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 Rodeo Realty
Investment Insights
Based on property information with market context.
This for-sale car wash property is currently open for a hand car wash, offering a straightforward automotive service setup for an owner-operator. The remarks also describe the site as a large property with significant land area, which can support practical on-site layout needs for a car wash and related operations.
The property is located at 16002 Main St in San Bernardino, CA 92345, positioned on a busy Main Street. The walkability and biking scores indicate the area is more car-dependent, which is consistent with many automotive-oriented commercial uses.
If you’re looking for a site that can accommodate a hand car wash today, this property provides an immediately workable direction. The large land description may also appeal to buyers evaluating a broader range of commercial concepts, depending on how they plan to use the site within applicable requirements.
The property is located at 16002 Main St in San Bernardino, CA 92345, positioned on a busy Main Street. The walkability and biking scores indicate the area is more car-dependent, which is consistent with many automotive-oriented commercial uses.
If you’re looking for a site that can accommodate a hand car wash today, this property provides an immediately workable direction. The large land description may also appeal to buyers evaluating a broader range of commercial concepts, depending on how they plan to use the site within applicable requirements.
Key Highlights
- Large car wash property on Main St in Hesperia, California.
- Currently set up for a hand car wash operation.
- Located on a busy street, suitable for business use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,098
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,481,960
$1.5M
Cap Rate 7%
$1,058,543
$1.1M
Cap Rate 9%
$823,311
$823.3K
Market Conditions
NOI Build-Up for 4,600 SF
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.
Gross rent
$104.9K $22.80/SF
− Vacancy
−$6.1K −$1.32/SF
EGI
$98.8K $21.48/SF
− OpEx
−$24.7K −$5.37/SF
NOI
$74.1K $16.11/SF
Area
San Bernardino, CA
Vacancy
5.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,481,960
Cap Rate 7%
$1,058,543
Cap Rate 9%
$823,311
Alternative Uses
Best Use
Specialty Retail
$1.06M
$926.2K – $1.23M
NOI $74,098 @ 7.0% cap · market cap 4.94%
Second Best
Retail
$888.7K
$777.6K – $1.04M
NOI $62,207 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,975 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
354k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 22%
Apparel 13%
Groceries 10%
In-N-Out Burger
Dining
66,863 visits/mo
0.4 miles
Marshalls
Apparel
41,272 visits/mo
0.4 miles
Superior Grocers
Groceries
36,755 visits/mo
0.2 miles
McDonald's
Dining
35,529 visits/mo
0.5 miles
dd's DISCOUNTS
Shops & Services
29,696 visits/mo
0.4 miles
Demographics for 92345, CA
86,499
Population
27,247
Households
3.2
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
98.9 sq mi
ZIP Area
875
Density / Sq Mi
$65,949
Median Household Income
$37,235
Median Earnings
$1,499
Median Rent
$359,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Large car wash property on Main St, suited for a hand car wash operation or flexible commercial use.
Where is this car wash located?
The property is located at 16002 Main St San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Large car wash property on Main St in Hesperia, California.; Currently set up for a hand car wash operation.; Located on a busy street, suitable for business use.
