144 Palmdale Blvd Palmdale, CA 93550-4513
- Car washes
- 5,359 SF
- 0.66 lot acres
Current Use by Public Records
- Palmdale Speedwash/ UHAUL / Self Service Car Wash
- U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
- Palmdale Speedwash / Car Wash
Property Details for 144 Palmdale Blvd
- Year built
- 1994
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.66 lot acres
- Property size
- 5,359 SF
- Zone code
- CPD
- Property type
- Car washes
- APN
- 3009-005-036
- APU
- 3009005036
Description
This exceptional investment opportunity presents a single-tenant, Class B car wash center located at 144 E Palmdale Blvd, Palmdale, CA 93550. The property, situated on a substantial 2.8786-acre lot (APN 3009-005-036), boasts a 5,359 square foot building constructed in 1994 and renovated in 2021. Currently operating under a net lease, the property offers a secure investment with a 10-year lease commencing July 1, 2024, and expiring June 30, 2034, providing a remaining lease term of approximately 9.6 years. The lease includes two 5-year renewal options and a 3% rent increase every 24 months. The current base rent is $14,000 per month, with the tenant responsible for property taxes, generating a substantial net operating income (NOI) of $168,000. This translates to a compelling 7.00% cap rate and a price per square foot of $447.66. The property is zoned for commercial use and features one single-story building. This is an ideal investment for those seeking a stable, high-yield return with a long-term, established tenant in a prime location within Los Angeles County. The property's strong financial performance and long-term lease make it an attractive option for investors seeking a secure and profitable investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,945,000
- 6.5%
- $2,025,000
- 7%
- $2,195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,790,000
- Geo Method
- $1,785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,100,000
- Retail
- $2,105,000
- Mixed-Use
- $2,185,000
- Hospitality
- $1,960,000
- Educational
- $2,315,000
- Residential Income
- $1,920,000
- Energy
- $2,065,000
- Income-Based Land
- $1,770,000
- Food Service
- $1,855,000
Location Insight
- Map
- Local Demand
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Longitude
- -118.128
- Latitude
- 34.5789
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
