5230 Power Rd Gilbert, AZ 85295
- Auto shops
- 4,054 SF
- 2.36 lot acres
Current Use by Public Records
- Shell / Car Wash / Atm
- Walmart Deli / Deli
- Lawrence and Sons / Car Wash
- Auto Glass 2020 / Auto Glass Shop
- U-Haul Neighborhood Dealer / Van Rental Agency / Trailer Rental Service
Property Details for 5230 Power Rd
- Year built
- 2007
- Construction
- CONCRETE
- Lot size
- 2.36 lot acres
- Property size
- 4,054 SF
- Zone code
- R-3
- Property type
- Auto shops
- APN
- 304-39-913
- APU
- 30439913
Description
This exceptional investment opportunity presents a thriving, established car wash in Gilbert, Arizona. Located at 5230 S Power Rd, this 14,460 square foot facility sits on a 102,861 square foot lot and boasts a strong, loyal customer base. The business model includes full-service and express car washes, along with detailing, oil changes, and specialized services like ceramic coating and paint correction, creating diverse revenue streams. The property benefits from a prime location in a high-traffic area, next to a Walmart, further enhanced by its proximity to a Shell gas station with 24 pumps. The car wash itself features two detail bays and four service bays, plus free vacuums for customers. Operating hours are 7 AM to 6 PM daily. The current lease is NNN, commencing January 3, 2005, and expiring April 30, 2069, offering a remaining term of 44.5 years. Rent bumps are included. The property's strong performance is reflected in its impressive NOI of $525,920 and a 12.23% cap rate. This turnkey operation offers significant growth potential in a rapidly expanding market, making it an attractive investment with a compelling return. The property's APN is 30439913. This is a truly exceptional opportunity for a savvy investor seeking a stable, high-performing asset with long-term growth prospects.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $12,980,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $12,335,000
- 6.5%
- $13,985,000
- 7%
- $12,480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $15,670,000
- Geo Method
- $15,795,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,895,000
- Retail
- $13,795,000
- Mixed-Use
- $14,610,000
- Hospitality
- $11,860,000
- Educational
- $15,045,000
- Residential Income
- $11,780,000
- Energy
- $14,485,000
- Income-Based Land
- $12,100,000
- Food Service
- $14,085,000
Location Insight
- Map
- Local Demand
- City
- Gilbert
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.69
- Latitude
- 33.3211
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
