Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Car washes
216 Broadway Rd Phoenix, AZ 85040-2111
Individually Owned
3-yr Hold
Free & Clear
Property ID
US07-0460459
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2009
Construction
CONCRETE
Total area
720 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C-3
APN
113-13-090A
UPID
US07-0460459
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
Current use
Occupant on record · Public records
-
Magic Hand Car Wash Car Wash
-
Dream Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$510k
Owner & transaction history
Jose Luis Rincon · 3 yrs held
Jose Luis Rincon
since 2022
7 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
2,827.55 ac
Source
Realmo
Top alternative use upside
Office building
$410,000
+34.1%
Commercial (general)
$375,000
+23.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$410,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$375,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
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
$708 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,126
Tax year 2022
Assessed value
$71,676
Assessed 2024
Previous assessed
$55,199
+29.9% YoY
Effective rate
7.15%
On assessed value
Land market value
$292,300
Improvement market value
$142,098
Total market value
$434,398
Applied tax rate
661,300.0000
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 - AUTOMATED
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Rooms
4
Bathrooms
1
Total area
720 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C-3
APN
113-13-090A
UPID
US07-0460459
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZZoning C-3 · permitted uses
C-3 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
2,827.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$375,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Jose Luis Rincon
Individual
Free & Clear · 3 yrs held
Mailing address
216 E BROADWAY RD, PHOENIX, AZ 85040-2111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2022
—
Jose Luis Rincon
Skip D Mcfarlin
Warranty Deed
—
Aug 9, 2022
—
Jose Luis Rincon
Skip D Mcfarlin
Warranty Deed
—
Jun 24, 2008
—
Skip D Mcfarlin
Owner Name Unavailable
Grant Deed
related
—
May 23, 2008
$285,000
Jose L Rincon
Mcfarlin,skip D & Nina J
Grant Deed
—
Jun 21, 2000
$75,000
Skip D Mcfarlin
Delgado,charlotte
Grant Deed
$57,400 · Greenpoint Mortgage Funding
Jun 4, 1993
—
Betty Pildas
Finkenbinder
Grant Deed
related
—
Apr 22, 1993
—
Betty,pildas Trust
Pildas
Quit Claim Deed
related
—
Aug 20, 1992
—
Alfred P Delgado
Delgado
Quit Claim Deed
related
—
Jan 23, 1989
—
Lara Fermin L
Unknown
Grant Deed
related
—
—
—
Alfred P Delgado
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 216 Broadway Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
