Fully Renovated Car Wash
For Sale
$950,000
160 Sarnoff Drive, Tucson, AZ 85710
Fully renovated car wash with six bays, including five self-serve and one automatic wash, plus seven vacuums.
Property Size3,038 SF
Price / SF$312.71
Days on Market177
Property Features for 160 Sarnoff Drive
General Information
Standard status
Active
Size
3,038 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Service Bays
6
Taxes and HOA fees
Annual Taxes
$5,530
Amenities
3
Subdivided Lot.
140.02 x 150 x 140.02 150, 0.49
Paved Road, Subdivided.
Building Details
Year Built
1973
Listing Agency:
Long Realty
(520) 977-4770
Listed By:
Peter Deluca · License #BR009133000
(520) 977-4770
Source:
Xome
Added: Feb 15
Changed: Aug 8
Last Checked: Aug 11 at 5:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long Realty
Investment Insights
Based on property information with market context.
This fully renovated car wash facility includes six total bays: five self-serve bays and one automatic wash bay. The site is also equipped with seven vacuums and product vending machines for additional onsite revenue. Upgrades noted include a brand-new roof and a newer mini-split system in the equipment room.
The property is presented for sale and is positioned as a straightforward, turn-key option for operators and investors, with credit card processing available for the bays. The facility is described as clean, modern, and well maintained throughout.
The configuration supports both self-serve and automated wash operations in a single location, complemented by vacuum access and vending on-site.
The property is presented for sale and is positioned as a straightforward, turn-key option for operators and investors, with credit card processing available for the bays. The facility is described as clean, modern, and well maintained throughout.
The configuration supports both self-serve and automated wash operations in a single location, complemented by vacuum access and vending on-site.
Key Highlights
- Fully renovated car wash with 6 total bays: 5 self‑serve and 1 automatic wash
- Credit card processing on all wash bays
- On‑site vacuums: 7
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,322
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$746,440
$746.4K
Cap Rate 7%
$533,171
$533.2K
Cap Rate 9%
$414,689
$414.7K
Market Conditions
NOI Build-Up for 3,038 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.7K $18.00/SF
− Vacancy
−$4.9K −$1.62/SF
EGI
$49.8K $16.38/SF
− OpEx
−$12.4K −$4.10/SF
NOI
$37.3K $12.29/SF
Area
ZIP 85710
Vacancy
9.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$746,440
Cap Rate 7%
$533,171
Cap Rate 9%
$414,689
Alternative Uses
Best Use
Specialty Retail
$533.2K
$466.5K – $622.0K
NOI $37,322 @ 7.0% cap · market cap 3.93%
Second Best
Retail
$457.8K
$400.6K – $534.1K
NOI $32,047 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$832.2K
$728.2K – $971.0K
NOI $58,257 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Home Improvements & Furnishings 24%
Shops & Services 13%
Jack in the Box
Dining
14,086 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
9,792 visits/mo
0.3 miles
Arby's
Dining
6,156 visits/mo
0.5 miles
Salad and Go
Dining
6,125 visits/mo
0.4 miles
Chevron Gas Mart
Shops & Services
2,376 visits/mo
0.3 miles
Demographics for 85710, AZ
57,381
Population
28,463
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
12.0 sq mi
ZIP Area
4,782
Density / Sq Mi
$54,738
Median Household Income
$36,892
Median Earnings
$1,169
Median Rent
$245,900
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Fully renovated car wash with six bays, including five self-serve and one automatic wash, plus seven vacuums.
Where is this car wash located?
The property is located at 160 Sarnoff Drive Tucson, AZ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully renovated car wash with 6 total bays: 5 self‑serve and 1 automatic wash; Credit card processing on all wash bays; On‑site vacuums: 7
