Car Wash Building with Vacuum
For Sale
Contact for pricing
Pending
2177 Iacovetti Ave, Tulare, CA 93274
5,010 SF car wash building with a 120' tunnel and 20 vacuum stalls for self-service operations.
Property Size5,010 SF
Lot Size1.43 Acres
Days on Market63
Property Features for 2177 Iacovetti Ave
General Information
Standard status
Pending
Size
5,010 SF
Lot size
1.43 Acres
Property subtype
LAND
Amenities
120' tunnel
20 vacuum stalls
Shared monument signage for shopping center
Additional monument signage allowed on site
Building Details
Buildings
1
Listing Agency:
Right Site Retail
(916) 473-8805
Listed By:
Ariel Fox
(916) 473-8807
Source:
Moodyscre
Added: Jul 14
Changed: Aug 8
Last Checked: Sep 13 at 9:26AM
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 Right Site Retail
Investment Insights
Based on property information with market context.
This self-service car wash property includes a 5,010 SF building with a 120' tunnel and 20 vacuum stalls, designed to support daily wash and detailing traffic. The site also includes shared monument signage for the shopping center and provides for additional monument signage on site.
The property is located at 2177 Iacovetti Ave in Tulare, CA. Its configuration supports efficient on-site customer service with the tunnel layout and dedicated vacuum stall area for detailing between wash cycles.
With the combination of tunnel length and a sizable vacuum stall count, the property is well suited for a self-service car wash operator seeking a focused, equipment-forward site with visible on-site monument signage.
The property is located at 2177 Iacovetti Ave in Tulare, CA. Its configuration supports efficient on-site customer service with the tunnel layout and dedicated vacuum stall area for detailing between wash cycles.
With the combination of tunnel length and a sizable vacuum stall count, the property is well suited for a self-service car wash operator seeking a focused, equipment-forward site with visible on-site monument signage.
Key Highlights
- 5,010 SF car wash building
- 120' tunnel
- 20 vacuum stalls
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
$106,525
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
7.35%
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%
$2,130,500
$2.1M
Cap Rate 7%
$1,521,786
$1.5M
Cap Rate 9%
$1,183,611
$1.2M
Market Conditions
NOI Build-Up for 5,010 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
$150.3K $30.00/SF
− Vacancy
−$8.3K −$1.65/SF
EGI
$142.0K $28.35/SF
− OpEx
−$35.5K −$7.09/SF
NOI
$106.5K $21.26/SF
Area
Tulare County, CA
Vacancy
5.50%
Lease Rate
$30.00 /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%
$2,130,500
Cap Rate 7%
$1,521,786
Cap Rate 9%
$1,183,611
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,525 @ 7.0% cap · market cap 7.35%
Second Best
Retail
$1.02M
$893.9K – $1.19M
NOI $71,509 @ 7.0% cap · market cap 4.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 93274, CA
78,493
Population
24,493
Households
3.2
Avg Household Size
31
Median Age
11%
College-Educated
75%
High-School Grad
219.2 sq mi
ZIP Area
358
Density / Sq Mi
$69,905
Median Household Income
$37,434
Median Earnings
$1,334
Median Rent
$300,900
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Self service car wash - 5,010 SF car wash building with a 120' tunnel and 20 vacuum stalls for self-service operations.
Where is this self service car wash located?
The property is located at 2177 Iacovetti Ave Tulare, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 5,010 SF car wash building; 120' tunnel; 20 vacuum stalls
