Listing Agency: NextHome Grandview

Listed By: Sarkis Ghazaryan · License #CA 01963359 Show Phone

Source: Crexi

Added: Aug 20 Changed: Oct 10 Last Checked: Oct 12 at 4:52PM

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Investment Insights

Based on property information with market context.

This 4,480-square-foot commercial property is identified as a mechanic shop and automotive facility. The asset is suited to an owner-user seeking a dedicated location for automotive service operations.

The property is located at 14609 S Meyer St in San Fernando, California. Its classification as an auto shop supports evaluation for automotive-related commercial use.

Key Highlights

• 4,480‑square‑foot commercial automotive property
• Identified as a mechanic shop
• Located at 14609 S Meyer St, San Fernando, CA

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,118

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,982,360 $2.0M

Cap Rate 7%

$1,415,971 $1.4M

Cap Rate 9%

$1,101,311 $1.1M

Market Conditions

NOI Build-Up for 4,480 SF

Gross rent

$151.6K $33.84/SF

− Vacancy

−$10.0K −$2.23/SF

EGI

$141.6K $31.61/SF

− OpEx

−$42.5K −$9.48/SF

NOI

$99.1K $22.12/SF

Area

Los Angeles County, CA

Vacancy

6.60%

Lease Rate

$33.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,982,360

Cap Rate 7%

$1,415,971

Cap Rate 9%

$1,101,311

Alternative Uses

Best Use

Retail

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,118 @ 7.0% cap · market cap 5.51%

Second Best

Industrial

$747.9K

$654.4K – $872.6K (±1% cap)

NOI $52,354 @ 7.0% cap · market cap 2.91%

Theoretical Best

Office A

$2.40M

$2.10M – $2.80M (±1% cap)

NOI $167,900 @ 7.0% cap · market cap 9.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mario and Son's General ... Car Wash

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Acupuncture Carpet & Flooring Store (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

689

Businesses Nearby

208k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 43% Groceries 41% Shops & Services 12% Electronics 3%

Food 4 Less Groceries

57,885 visits/mo 0.3 miles

McDonald's Dining

39,053 visits/mo 0.1 miles

Smart & Final Groceries

27,522 visits/mo 0.2 miles

Burger King Dining

13,553 visits/mo 0.1 miles

Taco Bell Dining

11,719 visits/mo 0.1 miles

Demographics for 91340, CA

34,610

Population

9,011

Households

3.8

Avg Household Size

35

Median Age

14%

College-Educated

64%

High-School Grad

3.4 sq mi

ZIP Area

10,179

Density / Sq Mi

$79,124

Median Household Income

$37,193

Median Earnings

$1,740

Median Rent

$624,900

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Mario and Son's General Mechanic & Tire Repair — 14609 S Meyer St, San Fernando, CA 91340
• Mobil Lube Express — truman st., san fernando, ca 91340
• Automotive Center # 2 — 14630 Hubbard St, Sylmar, CA 91342
• Arias towing service — 1600 Celis St spc 61, San Fernando, CA 91340
• Automotive Center # 2 - Auto Service Sylmar CA, Quality Auto Repair, Reliable Car Repair — 14630 Hubbard St, Sylmar, CA 91342

Frequently Asked Questions

What type of property is this?

Auto shop - Commercial mechanic facility identified for owner-user operation in San Fernando.

Where is this auto shop located?

The property is located at 14609 S Meyer St San Fernando, CA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 4,480‑square‑foot commercial automotive property; Identified as a mechanic shop; Located at 14609 S Meyer St, San Fernando, CA