3-Bay Self-Service Car
For Sale
Contact for pricing
3425 S 12th Ave., Tucson, AZ 85713
Corner-lot car wash with renovated customer areas, storage, and convenient access to I-10.
Property Size1,349 SF
Price / SF$252.04
Days on Market143
Property Features for 3425 S 12th Ave.
General Information
Standard status
Active
Size
1,349 SF
Property subtype
Retail
Zoning
C-1, Tucson
Additional Details
Highway Access
Yes
Car Wash Bays
3
Building Details
Year Built
1972
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
(520) 954-5800
Listed By:
Molly Mary Gilbert, CCIM · License #AZ SA683144000
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Jul 23 at 3:37AM
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 Cushman & Wakefield PICOR Commercial Real Estate Services - Tucson, Arizona
Investment Insights
Based on property information with market context.
This self-service car wash property includes 3 bays, a corner-lot configuration, and additional storage. Recent improvements include new paint and flooring, along with a newly renovated storefront and bathroom. The property is located at 3425 S 12th Ave in Tucson, Arizona, with access to I-10. The car wash is not currently operating and was tenant occupied for the last 2 years. No financials are available.
Key Highlights
- 3‑bay self‑service car wash
- Corner lot property with easy access to I‑10
- New paint and flooring
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
$20,184
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
5.94%
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%
$403,680
$403.7K
Cap Rate 7%
$288,343
$288.3K
Cap Rate 9%
$224,267
$224.3K
Market Conditions
NOI Build-Up for 1,349 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
$28.3K $21.00/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$26.9K $19.95/SF
− OpEx
−$6.7K −$4.99/SF
NOI
$20.2K $14.96/SF
Area
ZIP 85713
Vacancy
5.00%
Lease Rate
$21.00 /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%
$403,680
Cap Rate 7%
$288,343
Cap Rate 9%
$224,267
Alternative Uses
Best Use
Specialty Retail
$288.3K
$252.3K – $336.4K
NOI $20,184 @ 7.0% cap · market cap 5.94%
Second Best
Retail
$254.1K
$222.4K – $296.5K
NOI $17,788 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$330.2K
$289.0K – $385.3K
NOI $23,116 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
236k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 39%
Apparel 10%
Dining 5%
El Super
Groceries
56,704 visits/mo
0.5 miles
Fry's
Groceries
49,366 visits/mo
0.3 miles
dd's DISCOUNTS
Shops & Services
24,924 visits/mo
0.3 miles
Circle K
Shops & Services
20,114 visits/mo
0.3 miles
Boot Barn
Apparel
18,272 visits/mo
0.4 miles
Demographics for 85713, AZ
46,810
Population
19,056
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
79%
High-School Grad
23.8 sq mi
ZIP Area
1,967
Density / Sq Mi
$50,264
Median Household Income
$32,302
Median Earnings
$1,017
Median Rent
$171,700
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?
Self service car wash - Corner-lot car wash with renovated customer areas, storage, and convenient access to I-10.
Where is this self service car wash located?
The property is located at 3425 S 12th Ave. Tucson, AZ.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 3‑bay self‑service car wash; Corner lot property with easy access to I‑10; New paint and flooring
