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Property profile & analytics
OFF-MARKET
Estimated value
$170,675,000
Car washes
1958 Highland Ave, Phoenix, AZ 85016
Individually Owned
~
Est. High Equity
Property ID
US07-1364367
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1994
Construction
CONCRETE
Total area
1,547 SF
Lot
1.88 ac (81,883 SF)
Zoning code
PSC
APN
163-24-008
UPID
US07-1364367
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$170.68M
Owner & transaction history
Burlington Coat Factory Of Texas In
Burlington Coat Factory Of Texas In
since 2025
Last sale
$162.5M
7 recorded transactions
Zoning & alternative use
PSC · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$187,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$170.68M
Range $153.61M – $187.74M · ±10% · vs last sale $162.50M (Jun 18 2021)
Last sale anchor
$162.50M
Jun 18 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110,326 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$86,633
Tax year 2023
Assessed value
$1,026,228
Assessed 2024
Previous assessed
$874,786
+17.3% YoY
Effective rate
8.44%
On assessed value
Land market value
$4,816,000
Improvement market value
$1,403,561
Total market value
$6,219,561
Applied tax rate
381,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
2
Total area
1,547 SF
Lot
1.88 ac (81,883 SF)
Zoning code
PSC
APN
163-24-008
UPID
US07-1364367
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Phoenix, AZ
Zoning PSC · permitted uses
PSC · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
2
Lot
1.88 ac
Current owner
From public records · entity-resolved
Burlington Coat Factory Of Texas In
Individual
Mailing address
909 ROSE AVE STE #200, NORTH BETHESDA, MD 20852-8724
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Burlington Coat Factory Of Texas In
Fr Camelback Colonnade LLC
Deed
—
Jun 18, 2021
$162,500,000
Fr Camelback Colonnade LLC
Camelback Colonnade Spe LLC
Special Warranty Deed
—
Jun 18, 2021
$3,216,711
Red Colonnade II LLC
Camelback Colonnade Spe LLC
Special Warranty Deed
—
Dec 30, 2014
—
Camelback Colonnade Spe LLC
—
Grant Deed
related
$92,000,000 · New York State Teachers Retirement Syste New York State Teachers Retirement Syste
Oct 12, 2010
—
Camelback Colonnade Spe LLC
—
Deed Of Trust
related
$47,000,000 · Aareal Capital Corp
Oct 4, 2005
—
Camelback Colonnade Spe LLC
Camelback Colonnade Assocs
Quit Claim Deed
related
$41,500,000 · Commerzbank Ag
Mar 24, 2005
—
Twentieth & Highland LLC
—
Deed Of Trust
related
$26,042,000 · Citicorp Leasing INC
—
—
Twentieth & Highland LLC
—
Deed Of Trust
related
$30,000,000 · Comerica Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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