5727 Knudsen Dr Bakersfield, CA 93308
This exceptional investment opportunity presents a 3,840 square foot, full-service hand car wash located at 5725 Knudsen Dr, Bakersfield, CA 93308. Built in phases (1986 and 2015), the property boasts 100% occupancy, although the business is currently not operating due to fire damage affecting the office and a 600 square foot, one-bedroom, one-bathroom apartment situated on the second floor. The car wash itself includes an additional 1100 square feet of retail space, offering significant potential for expansion or repurposing. The property is easily adaptable to an express car wash model, with a pre-existing quote available for conversion. Furthermore, the property benefits from a leased solar power system, reducing operational costs. The asking price is $1,750,000, reflecting the significant potential for return on investment once renovations are complete. Situated on a busy street in Kern County, this property offers high visibility and convenient access for customers. The motivated seller makes this a compelling opportunity for an investor seeking a profitable venture in a prime location. The property's current condition presents a chance to acquire a well-positioned asset at a potentially advantageous price, allowing for significant value appreciation after repairs and upgrades.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.