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Property profile & analytics
OFF-MARKET Estimated value $1,265,000
Retail space

2176 Hamner Ave Norco, CA 92860-2605

7,016 SF 1.23 ac lot Built 1982
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1223427
Property summary
AI-generated overview

Exceptional investment opportunity: a high-performing, self-serve car wash in Norco, CA, is available for purchase. This established business, known as "The Dirt Stripper," boasts a strong track record, averaging over $1.75 million in gross sales annually for the past three years. Located on a 1.23-acre lot at 2176 Hamner Ave, 92860, this 7,016 square foot facility, built in 1982 and renovated in 2004, features 17 bays (13 car, 4 RV/truck), 15 vacuum islands with combo blowers, and 13 vending stations. A unique 3,600 square foot steel-beamed, shaded vacuum and drying area adds significant value. The entire operation is automated with over 60 self-serve credit card machines. The property benefits from its prime location on a major auto dealership corridor, with numerous auto-related businesses nearby. The recent approval of the Norco Valley Square development further enhances the area's appeal and potential for increased traffic. This single-unit property offers a 7.20% cap rate and a net operating income (NOI) of $864,000, with an asking price of $12,000,000. The property is zoned for accessory auto uses within the Norco Auto Mall Specific Plan and qualifies for bonus depreciation. This is a rare opportunity to acquire a unique, high-volume car wash with a loyal customer base and significant growth potential. Financial statements are available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1982
Construction TILT-UP CONCRETE
Total area 7,016 SF
Lot 1.23 ac (53,578 SF)
Zoning code M1
APN 126-050-020
UPID US09-1223427
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Norco Car & Truck Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.55M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.27M
Owner & transaction history
Dl Hamner LLC · 8 yrs held
Dl Hamner LLC
since 2018
5 recorded transactions
2018
$3.0M
1988
$865,000
1988
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M1 · Norco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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