Technical
Financial
Distress signals
Property profile

42185 Washington St Palm Desert, CA 92211

OFF-MARKET
Retail space
Property ID
US09-1353436
3,924 SF 0.58 ac lot Built 2005
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This thriving Palm Desert car wash and gas station, established in 2005, presents a unique investment opportunity. Boasting 3,924 square feet on a 25,264 square foot lot, the business offers both full-service and express car wash options, catering to diverse customer preferences. Three auto detail bays and a large covered canopy enhance operational efficiency and customer comfort. The spacious interior provides ample room for expansion, potentially including a gift shop, auto accessories, or food and beverage offerings. The property enjoys a prime location surrounded by shopping centers, fast-food restaurants, coffee shops, and other retail establishments, ensuring high visibility and foot traffic. Its proximity to the Palm Desert Country Club and Woodhaven Country Club further strengthens its market position. The business has a proven track record of success, having served the community for nearly two decades. Seller financing is available, offering a streamlined acquisition process. This turnkey operation is ready for a new owner to capitalize on its established reputation and significant growth potential. The business offers a wide variety of wash packages, memberships, and detailing services.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction TILT-UP CONCRETE
Total area 3,924 SF
Lot 0.58 ac (25,264 SF)
Zoning code CPS
APN 637-072-014
UPID US09-1353436

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

42185 Washington St Palm Desert, CA 92211-8006
Palm Desert metro Census 44911 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
$865k
Comparable Approach Comparable
$730k
Blend (final) Blend
$690k

Owner & transaction history

since 2014
2 recorded transactions
2014
$3.6M
2003
Price N/A

Zoning & alternative use

CPS · Palm Desert, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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