Car Wash
For Sale
$699,000
3510 W Cactus Rd, Phoenix, AZ 85029
Established car wash business offered for sale with a lease-based path to acquiring the real estate.
Property Size3,330 SF
Days on Market187
Property Features for 3510 W Cactus Rd
General Information
Standard status
Active
Size
3,330 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
3,330 SF
Year Built
2021
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
Listed By:
Hudson DeJean · License #SA704485000 (AZ)
(602) 218-5242
Source:
Matthews
Added: Apr 13
Changed: Oct 9
Last Checked: Oct 14 at 7:43PM
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 Matthews Real Estate Investment Services | Phoenix
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering includes a car wash business at 3510 W Cactus Rd in Phoenix, Arizona. The transaction is structured as a business sale, with the lease providing an option to purchase the underlying real estate.
The property is located in the 85029 ZIP code, placing the operation within the Phoenix market. The real estate purchase option adds an ownership pathway for a buyer evaluating the business and its site together.
The property is located in the 85029 ZIP code, placing the operation within the Phoenix market. The real estate purchase option adds an ownership pathway for a buyer evaluating the business and its site together.
Key Highlights
- Car wash business offered for sale
- Lease includes an option to purchase the real estate
- 3510 W Cactus Rd, Phoenix, AZ 85029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,630
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,600
$992.6K
Cap Rate 7%
$709,000
$709.0K
Cap Rate 9%
$551,444
$551.4K
Market Conditions
NOI Build-Up for 3,330 SF
Gross rent
$71.9K $21.60/SF
− Vacancy
−$5.8K −$1.73/SF
EGI
$66.2K $19.87/SF
− OpEx
−$16.5K −$4.97/SF
NOI
$49.6K $14.90/SF
Area
Phoenix, AZ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,600
Cap Rate 7%
$709,000
Cap Rate 9%
$551,444
Alternative Uses
Best Use
Specialty Retail
$709.0K
$620.4K – $827.2K
NOI $49,630 @ 7.0% cap · market cap 7.10%
Second Best
Retail
$537.7K
$470.5K – $627.3K
NOI $37,636 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.01M
$882.6K – $1.18M
NOI $70,608 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 85029, AZ
47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Car wash - Established car wash business offered for sale with a lease-based path to acquiring the real estate.
Where is this car wash located?
The property is located at 3510 W Cactus Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Car wash business offered for sale; Lease includes an option to purchase the real estate; 3510 W Cactus Rd, Phoenix, AZ 85029
