Self-Service Car Wash
For Sale
$1,400,000
3112 Willow Creek Road, Prescott, AZ 86301
Commercial Sale, Prescott, AZ
Property Size4,728 SF
Lot Size1.06 Acres
Price / SF$296.11
Days on Market435
Property Features for 3112 Willow Creek Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NOB-PAD
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
15
Security features
Security, Security System
Interior features
Fire/Smoke Detector, Security/Alarm
Lot features
Landscaped
Directions
On Willow Creek Road, North of The Crossings on the Left Side of the Road.
Standard status
Active
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
AN IRREG PCL NW4NW4 SEC 15 NE4NE4 SEC 16 MOST NLY COR APPROX 946' S FROM NW COR SEC 15-14-2W CONT 1.06AC
Tax Annual Amount
7041
Legal Description
AN IRREG PCL NW4NW4 SEC 15 NE4NE4 SEC 16 MOST NLY COR APPROX 946' S FROM NW COR SEC 15-14-2W CONT 1.06AC
Utilities
Utilities
Phone Available
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Flooring type
Concrete, Wood, Carpet
Building materials
Block/Brick, Frame, Stucco
Roof type
Metal
Listing Agency:
Arizona Elite Properties
(480) 899-9010
Listed By:
Dustin J Olive · License #SA660566000
(480) 785-6761
Added: Jul 1, 2025
Changed: Sep 8
Last Checked: Sep 8 at 5:06AM
MLS# 1074543
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2004, this 4,728-square-foot self-service car wash facility occupies 1.06 acres and combines several customer-service formats. Improvements include self-service bays, an automatic wash, and an express tunnel, along with a detailing operation serving local dealerships and fleets. The property also has 924 square feet of shade canopies covering the pay station and detailing areas.
The detailing operation currently handles 75–100 vehicles monthly beneath two canopies for four nearby auto dealers and multiple fleets. Construction includes block, brick, frame, and stucco elements, with wood, concrete, and carpet flooring. Additional property features include a metal roof, central air, natural gas heating, public water, phone availability, and fire/smoke detection and security/alarm systems.
The detailing operation currently handles 75–100 vehicles monthly beneath two canopies for four nearby auto dealers and multiple fleets. Construction includes block, brick, frame, and stucco elements, with wood, concrete, and carpet flooring. Additional property features include a metal roof, central air, natural gas heating, public water, phone availability, and fire/smoke detection and security/alarm systems.
Key Highlights
- 4,728 SF facility on 1.06 acres
- Self‑service bays, automatic wash, and express tunnel
- 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
$91,305
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
6.52%
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%
$1,826,100
$1.8M
Cap Rate 7%
$1,304,357
$1.3M
Cap Rate 9%
$1,014,500
$1.0M
Market Conditions
NOI Build-Up for 4,728 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
$137.3K $29.04/SF
− Vacancy
−$6.9K −$1.45/SF
EGI
$130.4K $27.59/SF
− OpEx
−$39.1K −$8.28/SF
NOI
$91.3K $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%
$1,826,100
Cap Rate 7%
$1,304,357
Cap Rate 9%
$1,014,500
Alternative Uses
Best Use
Industrial
$1.30M
$1.14M – $1.52M
NOI $91,305 @ 7.0% cap · market cap 6.52%
Second Best
Retail
$1.17M
$1.02M – $1.37M
NOI $81,959 @ 7.0% cap · market cap 5.85%
Theoretical Best
Warehouse
$1.58M
$1.39M – $1.85M
NOI $110,871 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Multiple wash formats and an established detailing operation support varied automotive service activity.
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: 4,728 SF facility on 1.06 acres; Self‑service bays, automatic wash, and express tunnel; 924 SF of shade canopies over pay station and detailing areas
