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Property profile & analytics
FOR SALE
Car washes

2700 Mendocino Ave Santa Rosa, CA 95403

4,944 SF 0.97 ac lot Built 1987
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1755449
Property summary
AI-generated overview

This exceptional car wash business in Santa Rosa, CA, presents a lucrative investment opportunity. Located on Mendocino Ave, this full-service facility boasts impressive annual sales revenues of approximately $1.9 million. The property enjoys a high-traffic location with over 28,000 vehicles passing daily, situated in a thriving area with a population exceeding 195,000 within a 5-mile radius and average household incomes over $104,000. Its current configuration offers significant potential for conversion to a high-demand express car wash model. The business is currently absentee-owned and operated, providing flexibility for new ownership. The asking price for this established and profitable business is $7,990,000. This presents a rare chance to acquire a well-established business in a prime location within Sonoma County, California, zip code 95403. Santa Rosa's status as the largest city in California's wine country and Redwood Coast, and the fifth largest in the Bay Area, further enhances the property's long-term growth prospects. The property's address is 2700 Mendocino Ave, Santa Rosa, CA.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 1987
Construction TILT-UP CONCRETE
Total area 4,944 SF
Lot 0.97 ac (42,253 SF)
APN 180-040-004-000
UPID US09-1755449
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
  • Mendocino Avenue Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.95M
Blend (final) Blend
$3.84M
Owner & transaction history
Mehar Car Wash LLC · 3 yrs held
Mehar Car Wash LLC
since 2022
Last sale
$4.6M
7 recorded transactions
2023
Price N/A
2022
$4.6M
2022
Price N/A
2021
Price N/A
2021
Price N/A
2019
$3.3M
2007
$1.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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