Touch-Free Car Wash with Self-Service
For Sale
$1,149,000
4100 E Butler Avenue, Flagstaff, AZ 86004
Automotive facility with reclaimed water, vacuum stations, vending, and permitted commercial redevelopment use.
Property Size4,082 SF
Lot Size0.99 Acres
Price / SF$281.48
Days on Market3017
Property Features for 4100 E Butler Avenue
General Information
Standard status
Active
Size
4,082 SF
Lot size
0.99 Acres
Property subtype
General Commercial
Zoning
Suburban Commercial
Additional Details
Car Wash Bays
6
Taxes and HOA fees
Annual Taxes
$8,173
Amenities
auto touch-free wash bays
self-service wand bays
vacuum stations
vending
reclaimed water system
hydronic in-floor heating
3
Metal, Pitched
SC
irregular, 1 - 4.9 AC
Landscaped, Extra Storage, Sidewalks. Curbs Walk, Asphalt.
Building Details
Year Built
2004
Stories
1
Construction
masonry
Listing Agency:
eXp Realty
(928) 699-3191
Listed By:
Les Butters · License #BR026177000
(928) 699-3191
Source:
Xome
Added: May 29, 2018
Changed: Aug 29
Last Checked: Aug 30 at 1:58PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Butler Avenue Auto Spa is a 4,082 SF automotive facility on a .99-acre parcel, built in 2004 with masonry construction and a metal roof. The improvements include two touch-free wash bays, four self-service wand bays, multiple vacuum stations, vending, and storage for repair and maintenance parts and supplies. Gas heat serves the building, with hydronic infloor heating in the office. The wash bays and a 10' apron are covered by environmentally friendly reclaimed City of Flagstaff water.
The property is adjacent to Foxglenn Park, a City of Flagstaff Fire Station, and a gas station with a convenience store. Pay-at-the-pump service is connected to the auto bays. Suburban Commercial zoning permits repurposing the site for commercial development. Underground stormwater basins with metered release serve the .99-acre parcel.
The property is adjacent to Foxglenn Park, a City of Flagstaff Fire Station, and a gas station with a convenience store. Pay-at-the-pump service is connected to the auto bays. Suburban Commercial zoning permits repurposing the site for commercial development. Underground stormwater basins with metered release serve the .99-acre parcel.
Key Highlights
- 4,082 SF automotive facility on a .99‑acre parcel
- Two auto touch‑free wash bays and four self‑service wand bays
- Multiple vacuum stations, vending, and repair/maintenance parts and supplies
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
$60,113
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
5.23%
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%
$1,202,260
$1.2M
Cap Rate 7%
$858,757
$858.8K
Cap Rate 9%
$667,922
$667.9K
Market Conditions
NOI Build-Up for 4,082 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
$85.7K $21.00/SF
− Vacancy
−$5.6K −$1.37/SF
EGI
$80.2K $19.64/SF
− OpEx
−$20.0K −$4.91/SF
NOI
$60.1K $14.73/SF
Area
Coconino County, AZ
Vacancy
6.50%
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%
$1,202,260
Cap Rate 7%
$858,757
Cap Rate 9%
$667,922
Alternative Uses
Best Use
Specialty Retail
$858.8K
$751.4K – $1.00M
NOI $60,113 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$705.3K
$617.2K – $822.9K
NOI $49,372 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.13M
$987.5K – $1.32M
NOI $78,996 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Maverik Adventures First Stop
Shops & Services
11,836 visits/mo
0.1 miles
Demographics for 86004, AZ
38,451
Population
16,550
Households
2.3
Avg Household Size
37
Median Age
44%
College-Educated
95%
High-School Grad
914.5 sq mi
ZIP Area
42
Density / Sq Mi
$77,486
Median Household Income
$42,659
Median Earnings
$1,611
Median Rent
$464,100
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 - Automotive facility with reclaimed water, vacuum stations, vending, and permitted commercial redevelopment use.
Where is this self service car wash located?
The property is located at 4100 E Butler Avenue Flagstaff, AZ.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 4,082 SF automotive facility on a .99‑acre parcel; Two auto touch‑free wash bays and four self‑service wand bays; Multiple vacuum stations, vending, and repair/maintenance parts and supplies
