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    2131- Perris Blvd Perris, CA 92571

    For Sale
    $3,500,000

    Established Car Wash, High Growth Potential

    Property size:
    49,223 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This fee-simple retail property, a successful hand car wash in Perris, CA, offers a compelling investment opportunity. The 49,223 square foot facility, built in 2002 and renovated in 2006, sits on a 49,049 square foot lot at 2131 N Perris Blvd, 92571. Boasting a strong 6.86% cap rate and a $240,000 NOI, the property presents a significant return on investment. The asking price is $3,500,000 ($71.10/sq ft). The business has enjoyed 20 years of success, benefiting from a loyal customer base and its resilience to economic downturns. Significant value-add potential exists through leasing the vacant pad to complementary retail businesses, such as drive-thrus, capitalizing on the high traffic generated by the car wash and the densely populated area, including nearby large-scale logistics warehouses and new housing developments. The property features four buildings on one story and is suitable for a 1031 exchange. This is a rare chance to acquire a profitable, established business with substantial upside.

    Property Features for 2131- Perris Blvd

    General Information

    Property type
    Automotive properties
    Square Feet
    49,223 SF

    Building Details

    Year Built/Renovated
    2002/2006
    Buildings
    4049
    Stories
    1

    HighLights

    • Established 20‑year‑old exterior car wash with proven success.
    • Highly profitable with significant growth potential.
    • Strong, loyal customer base.
    • Recession‑resistant business model, performing well during economic downturns and the COVID‑19 pandemic.
    • Excellent location in a densely populated area.
    • Well‑established business with high profit margins.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Perris
    County
    Riverside
    State
    California
    Longitude
    -117.2258176
    Latitude
    33.8109849

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    FAQs

    What type of property is this?
    Automotive property - Established Car Wash, High Growth Potential
    Where is this automotive property located?
    The property is located at 2131- Perris Blvd Perris, CA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Established 20-year-old exterior car wash with proven success.; Highly profitable with significant growth potential.; Strong, loyal customer base.
    Request Owner's contact information
    2131- Perris Blvd Perris, CA 92571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2131- Perris Blvd Perris, CA 92571
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