Self-Service Car Wash with
For Sale
$1,400,000
3112 Willow Creek Road, Prescott, AZ 86301
Automotive facility combines multiple wash formats with covered detailing areas.
Property Size4,321 SF
Lot Size1.06 Acres
Price / SF$323
Days on Market98
Property Features for 3112 Willow Creek Road
General Information
Standard status
Active
Size
4,321 SF
Lot size
1.06 Acres
Property subtype
Commercial
Zoning
NOB-PAD
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,043
Amenities
self-service bays
automatic wash
express tunnel
shade canopies
Building Details
Building Size
4,321 SF
Year Built
2004
Buildings
3
Stories
1
Listing Agency:
Arizona Elite Properties
(480) 785-6761
Listed By:
Dustin J Olive · License #SA660566000
(480) 785-6761
Source:
Aznewhorizonrealty
Added: May 16
Changed: Aug 20
Last Checked: Aug 20 at 7:41AM
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 Arizona Elite Properties
Investment Insights
Based on property information with market context.
This automotive property includes self-service wash bays, an automatic wash, and an express tunnel. The facility was built in 2004 and occupies 1.06 acres, with 924 SF of shade canopies covering the pay station and detailing areas.
The detailing operation services 75–100 vehicles monthly under two canopies, with customers including four nearby auto dealers and multiple fleets. Located at 3112 Willow Creek Road in Prescott, Arizona, the property is identified as NOB-PAD zoning in the property data.
The detailing operation services 75–100 vehicles monthly under two canopies, with customers including four nearby auto dealers and multiple fleets. Located at 3112 Willow Creek Road in Prescott, Arizona, the property is identified as NOB-PAD zoning in the property data.
Key Highlights
- Self‑service bays, automatic wash, and express tunnel
- Built in 2004 on 1.06 acres
- 924 SF of shade canopies over pay station and detailing areas
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
$83,445
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
5.96%
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%
$1,668,900
$1.7M
Cap Rate 7%
$1,192,071
$1.2M
Cap Rate 9%
$927,167
$927.2K
Market Conditions
NOI Build-Up for 4,321 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
$125.5K $29.04/SF
− Vacancy
−$6.3K −$1.45/SF
EGI
$119.2K $27.59/SF
− OpEx
−$35.8K −$8.28/SF
NOI
$83.4K $19.31/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,668,900
Cap Rate 7%
$1,192,071
Cap Rate 9%
$927,167
Alternative Uses
Best Use
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,445 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$1.07M
$936.3K – $1.25M
NOI $74,904 @ 7.0% cap · market cap 5.35%
Theoretical Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,327 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 86301, AZ
25,115
Population
13,863
Households
1.8
Avg Household Size
57
Median Age
37%
College-Educated
96%
High-School Grad
33.4 sq mi
ZIP Area
752
Density / Sq Mi
$71,962
Median Household Income
$33,989
Median Earnings
$1,580
Median Rent
$495,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Automotive facility combines multiple wash formats with covered detailing areas.
Where is this self service car wash located?
The property is located at 3112 Willow Creek Road Prescott, AZ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Self‑service bays, automatic wash, and express tunnel; Built in 2004 on 1.06 acres; 924 SF of shade canopies over pay station and detailing areas
