Car Wash
For Sale
Contact for pricing
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
Price / SF$239.94
Days on Market202
Property Features for 3510 W Cactus Rd
General Information
Standard status
Active
Size
3,330 SF
Property subtype
Retail, Special Purpose
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
2021
Buildings
1
Stories
1
Listing Agency:
Matthews
Listed By:
Hudson DeJean · License #SA704485000
Source:
Crexi
Added: Feb 10
Changed: Aug 30
Last Checked: Aug 30 at 4:13PM
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
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 = 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
$49,630
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
6.21%
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%
$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
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
$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 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%
$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 6.21%
Second Best
Retail
$537.7K
$470.5K – $627.3K
NOI $37,636 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.01M
$882.6K – $1.18M
NOI $70,608 @ 7.0% cap · market cap 8.84%
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
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
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $799,000.
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
