Automotive Service
For Sale
Contact for pricing
14609 S Meyer St, San Fernando, CA 91340
Commercial mechanic facility identified for owner-user operation in San Fernando.
Property Size4,480 SF
Price / SF$446.43
Days on Market10
Property Features for 14609 S Meyer St
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Retail
Investment Type
Owner/User
Listing Agency:
Magic Realty
(818) 288-1133
Listed By:
Sarkis Ghazaryan · License #01963359
Source:
Crexi
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 12:35AM
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 Magic Realty
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.
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 = 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
$99,118
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
4.96%
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%
$1,982,360
$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
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
$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 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%
$1,982,360
Cap Rate 7%
$1,415,971
Cap Rate 9%
$1,101,311
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.65M
NOI $99,118 @ 7.0% cap · market cap 4.96%
Second Best
Industrial
$747.9K
$654.4K – $872.6K
NOI $52,354 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,900 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $2,000,000.
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
