Auto Shop with 14-Car
For Sale
$349,999
148 lloyd Avenue, Fullerton, CA 92883
Established automotive business operating from a dedicated commercial facility with room for vehicle servicing and customer parking.
Property Size2,000 SF
Price / SF$174
Days on Market15
Property Features for 148 lloyd Avenue
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
14
Property subtype
Business Opportunities
Occupancy
100%
Additional Details
Business Included
Yes
Amenities
14 Parking Spaces.
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Choice of America
(949) 243-9994
Listed By:
Rima Masri · License #01958034
Source:
Xome
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 30 at 8:33PM
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 Choice of America
Investment Insights
Based on property information with market context.
This offering includes an established automotive business and its operating facility at 148 Lloyd Avenue in Fullerton, California. The approximately 2,000-square-foot building supports vehicle service operations with capacity for approximately 14 cars. The business has an existing customer base and local operating history, providing continuity for a new owner rather than a start-from-scratch launch.
The facility includes 14 parking spaces and is subject to a lease with approximately 2.5 years remaining. The business and facility are presented together, with furniture, fixtures, and equipment included in the offering. The property address is 148 Lloyd Avenue, Fullerton, CA 92883.
The facility includes 14 parking spaces and is subject to a lease with approximately 2.5 years remaining. The business and facility are presented together, with furniture, fixtures, and equipment included in the offering. The property address is 148 Lloyd Avenue, Fullerton, CA 92883.
Key Highlights
- Approximately 2,000 sq. ft. automotive facility
- Vehicle capacity of approximately 14 cars
- 14 parking spaces
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
$32,185
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
9.20%
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%
$643,700
$643.7K
Cap Rate 7%
$459,786
$459.8K
Cap Rate 9%
$357,611
$357.6K
Market Conditions
NOI Build-Up for 2,000 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
$48.0K $24.00/SF
− Vacancy
−$2.0K −$1.01/SF
EGI
$46.0K $22.99/SF
− OpEx
−$13.8K −$6.90/SF
NOI
$32.2K $16.09/SF
Area
Fullerton, CA
Vacancy
4.21%
Lease Rate
$24.00 /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%
$643,700
Cap Rate 7%
$459,786
Cap Rate 9%
$357,611
Alternative Uses
Best Use
Retail
$459.8K
$402.3K – $536.4K
NOI $32,185 @ 7.0% cap · market cap 9.20%
Second Best
Industrial
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$643.1K
$562.7K – $750.3K
NOI $45,019 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
29k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 4%
76
Shops & Services
11,249 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,163 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,040 visits/mo
0.3 miles
Discount Tire Store
Shops & Services
1,533 visits/mo
0.4 miles
Domino's Pizza
Dining
1,136 visits/mo
0.1 miles
Demographics for 92883, CA
34,836
Population
12,821
Households
2.7
Avg Household Size
39
Median Age
36%
College-Educated
94%
High-School Grad
56.5 sq mi
ZIP Area
617
Density / Sq Mi
$126,829
Median Household Income
$56,291
Median Earnings
$2,855
Median Rent
$671,700
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?
Auto shop - Established automotive business operating from a dedicated commercial facility with room for vehicle servicing and customer parking.
Where is this auto shop located?
The property is located at 148 lloyd Avenue Fullerton, CA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Approximately 2,000 sq. ft. automotive facility; Vehicle capacity of approximately 14 cars; 14 parking spaces
