Auto Shop
For Sale
Contact for pricing
329 N 16th St, Phoenix, AZ 85006
Automotive property offering tire and rim sales alongside light mechanical services.
Property Size3,574 SF
Price / SF$335.76
Days on Market236
Property Features for 329 N 16th St
General Information
Standard status
Active
Size
3,574 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Listing Agency:
SRS Real Estate Partners | Phoenix
(602) 682-6030
Listed By:
Ivan Garcia · License #SA717070000
Source:
Moodyscre
Added: Jan 6
Changed: Aug 30
Last Checked: Aug 30 at 12:11AM
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 SRS Real Estate Partners | Phoenix
Investment Insights
Based on property information with market context.
This 3,574-square-foot auto shop property supports tire and rim sales as well as light mechanic services. The real estate and operating business may be acquired separately or together, providing flexibility in structuring a purchase. If the business is included, the sale includes 7 automotive lifts.
The property is located at 329 N 16th St in Phoenix, Arizona. The business has operated for 20 years and is associated with tire shop, mechanic shop, and oil and lube uses.
The property is located at 329 N 16th St in Phoenix, Arizona. The business has operated for 20 years and is associated with tire shop, mechanic shop, and oil and lube uses.
Key Highlights
- 3,574‑square‑foot auto shop property
- 7 automotive lifts included with purchase of the business
- Tire and rim sales operation
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
$40,394
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
3.37%
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%
$807,880
$807.9K
Cap Rate 7%
$577,057
$577.1K
Cap Rate 9%
$448,822
$448.8K
Market Conditions
NOI Build-Up for 3,574 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
$64.3K $18.00/SF
− Vacancy
−$6.6K −$1.85/SF
EGI
$57.7K $16.15/SF
− OpEx
−$17.3K −$4.84/SF
NOI
$40.4K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /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%
$807,880
Cap Rate 7%
$577,057
Cap Rate 9%
$448,822
Alternative Uses
Best Use
Retail
$577.1K
$504.9K – $673.2K
NOI $40,394 @ 7.0% cap · market cap 3.37%
Second Best
Industrial
$321.2K
$281.0K – $374.7K
NOI $22,482 @ 7.0% cap · market cap 1.87%
Theoretical Best
Office A
$1.08M
$947.3K – $1.26M
NOI $75,782 @ 7.0% cap · market cap 6.32%
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
1,074
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85006, AZ
23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property offering tire and rim sales alongside light mechanical services.
Where is this auto shop located?
The property is located at 329 N 16th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,574‑square‑foot auto shop property; 7 automotive lifts included with purchase of the business; Tire and rim sales operation
