Car Wash and Auto Repair
For Sale
$1,700,000
1407 High St, Delano, CA 93215
Full-service car wash and auto repair operation on a nearly one-acre site with two buildings and an on-site convenience store.
Property Size5,600 SF
Lot Size0.97 Acres
Price / SF$303.57
Days on Market131
Property Features for 1407 High St
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.97 Acres
Property subtype
Industrial
Zoning
GC
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
5,600 SF
Year Built
1979
Year Renovated
2012
Listing Agency:
Compass
Listed By:
Edgar Torossian · License #02113151
(818) 590-8100
Source:
Elliman
Added: Apr 28
Changed: Sep 2
Last Checked: Sep 4 at 1:58PM
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 Compass
Investment Insights
Based on property information with market context.
This income-producing commercial property is currently operating as a full-service car wash and auto repair shop on a 0.97-acre parcel. The site includes two buildings totaling approximately 5,600 square feet: a 2,000 SF auto repair shop and a 3,600 SF express car wash. Also included is a 1,300 SF vacant convenience store space, positioned as ready to operate again.
The property was built in 1979 and renovated in 2012. It features a fully installed and paid-off solar system. Zoned GC, the site is approved for a wide range of commercial uses, offering flexibility for continued operations, expansion, upgrades, or potential redevelopment (buyer to verify zoning and intended use).
The sale includes the real estate, business entity, and all equipment. The property is described as highly visible and located just off Highway 99 with customer access from High Street.
The property was built in 1979 and renovated in 2012. It features a fully installed and paid-off solar system. Zoned GC, the site is approved for a wide range of commercial uses, offering flexibility for continued operations, expansion, upgrades, or potential redevelopment (buyer to verify zoning and intended use).
The sale includes the real estate, business entity, and all equipment. The property is described as highly visible and located just off Highway 99 with customer access from High Street.
Key Highlights
- Operating full‑service car wash and auto repair shop on a 0.97‑acre parcel just off Highway 99
- Two buildings totaling approx. 5,600 SF: 2,000 SF auto repair shop and 3,600 SF express car wash
- Includes a 1,300 SF vacant convenience store space ready to operate again
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
$68,964
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
4.06%
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%
$1,379,280
$1.4M
Cap Rate 7%
$985,200
$985.2K
Cap Rate 9%
$766,267
$766.3K
Market Conditions
NOI Build-Up for 5,600 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
$103.5K $18.48/SF
− Vacancy
−$5.0K −$0.89/SF
EGI
$98.5K $17.59/SF
− OpEx
−$29.6K −$5.28/SF
NOI
$69.0K $12.32/SF
Area
Kern County, CA
Vacancy
4.80%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
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%
$1,379,280
Cap Rate 7%
$985,200
Cap Rate 9%
$766,267
Alternative Uses
Best Use
Industrial
$985.2K
$862.1K – $1.15M
NOI $68,964 @ 7.0% cap · market cap 4.06%
Second Best
Specialty Retail
$884.5K
$774.0K – $1.03M
NOI $61,916 @ 7.0% cap · market cap 3.64%
Theoretical Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,742 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
335k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 35%
Groceries 10%
Apparel 4%
Smart & Final
Groceries
32,437 visits/mo
0.3 miles
Fastrip
Shops & Services
28,639 visits/mo
0.3 miles
Carl's Jr.
Dining
28,045 visits/mo
0.2 miles
McDonald's
Dining
26,350 visits/mo
0.2 miles
Starbucks
Dining
18,580 visits/mo
0.2 miles
Demographics for 93215, CA
53,626
Population
13,207
Households
4.1
Avg Household Size
32
Median Age
8%
College-Educated
62%
High-School Grad
145.5 sq mi
ZIP Area
369
Density / Sq Mi
$61,329
Median Household Income
$26,998
Median Earnings
$1,085
Median Rent
$271,700
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 - Full-service car wash and auto repair operation on a nearly one-acre site with two buildings and an on-site convenience store.
Where is this car wash located?
The property is located at 1407 High St Delano, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Operating full‑service car wash and auto repair shop on a 0.97‑acre parcel just off Highway 99; Two buildings totaling approx. 5,600 SF: 2,000 SF auto repair shop and 3,600 SF express car wash; Includes a 1,300 SF vacant convenience store space ready to operate again
