Highland Car Wash Business
For Sale
$2,350,000
3706 Highland Ave, Highland, CA 92346
Turnkey car wash business and real property for sale.
Property Size5,313 SF
Lot Size0.89 Acres
Days on Market166
Property Features for 3706 Highland Ave
General Information
Standard status
Active
Size
5,313 SF
Lot size
0.89 Acres
Property subtype
Commercial
Building Details
Building Size
5,313 SF
Year Built
1997
Listing Agency:
Stratton LFCA - INC.
(562) 507-7419
Listed By:
Katherin Carcamo Williams · License #02181431
(562) 507-7419
Source:
Elliman
Added: Mar 11
Changed: Aug 22
Last Checked: Aug 22 at 11:11AM
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 Stratton LFCA - INC.
Investment Insights
Based on property information with market context.
This offering includes both a well-established full-service car wash business and the associated real property, situated in a prime location in Highland. The property occupies a 38,900 sq. ft. lot and benefits from excellent visibility on a high-traffic street. The facilities include a functional wash station, vacuum areas, a 2-bay oil & lube center, and dedicated hand-detailing areas. The sale is a combined or concurrent transaction of both the business and real estate. All equipment and inventory are included. The expansive lot and zoning provide potential for expansion or the addition of services such as window tinting. The property also features an upstairs office with a bathroom and shower. The location is conveniently situated minutes from Yaamava’ Resort & Casino, major retail areas, restaurants, and offers easy freeway access.
Key Highlights
- Turnkey full‑service car wash business and real estate in a prime, high‑traffic location.
- Expansive 38,900 sq. ft. lot with excellent visibility and potential for expansion.
- Functional wash station, vacuum areas, 2‑bay oil & lube center, and hand‑detailing areas included.
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
$76,155
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
3.24%
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%
$1,523,100
$1.5M
Cap Rate 7%
$1,087,929
$1.1M
Cap Rate 9%
$846,167
$846.2K
Market Conditions
NOI Build-Up for 5,313 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
$114.8K $21.60/SF
− Vacancy
−$6.0K −$1.12/SF
EGI
$108.8K $20.48/SF
− OpEx
−$32.6K −$6.14/SF
NOI
$76.2K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /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%
$1,523,100
Cap Rate 7%
$1,087,929
Cap Rate 9%
$846,167
Alternative Uses
Best Use
Retail
$1.09M
$951.9K – $1.27M
NOI $76,155 @ 7.0% cap · market cap 3.24%
Second Best
Specialty Retail
$736.1K
$644.1K – $858.8K
NOI $51,525 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$1.12M
$980.6K – $1.31M
NOI $78,449 @ 7.0% cap · market cap 3.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
236k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 30%
Groceries 18%
Apparel 12%
Ross Dress for Less
Apparel
29,525 visits/mo
0.4 miles
Dollar Tree
Shops & Services
29,239 visits/mo
0.4 miles
Stater Bros. Markets
Groceries
28,978 visits/mo
0.3 miles
Five Below
Shops & Services
28,000 visits/mo
0.4 miles
Burger King
Dining
20,457 visits/mo
0.5 miles
Demographics for 92346, CA
57,812
Population
18,075
Households
3.2
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
27.1 sq mi
ZIP Area
2,133
Density / Sq Mi
$84,818
Median Household Income
$40,066
Median Earnings
$1,654
Median Rent
$461,500
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 - Turnkey car wash business and real property for sale.
Where is this car wash located?
The property is located at 3706 Highland Ave Highland, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Turnkey full‑service car wash business and real estate in a prime, high‑traffic location.; Expansive 38,900 sq. ft. lot with excellent visibility and potential for expansion.; Functional wash station, vacuum areas, 2‑bay oil & lube center, and hand‑detailing areas included.
