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Property profile & analytics
OFF-MARKET
Estimated value
$15,020,000
Car washes
5324 16th St Phoenix, AZ 85016-3204
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-0094545
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1986
Construction
CONCRETE
Total area
993 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C-C
APN
162-11-017E
UPID
US07-0094545
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
-
Cobblestone Auto Spa Car Wash
-
Scrub Bot Express Car Wash Phoenix Car Wash
-
Paulies Family Classic Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.02M
Owner & transaction history
Cobblestone Phoenix Propco LLC · 4 yrs held
Cobblestone Phoenix Propco LLC
since 2021
Last sale
$14.3M
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
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
$16,460,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.02M
Range $13.52M – $16.52M · ±10% · vs last sale $14.30M (Nov 29 2021)
Last sale anchor
$14.30M
Nov 29 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
$15,126 / 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
$16,006
Tax year 2023
Assessed value
$274,875
Assessed 2024
Previous assessed
$230,877
+19.1% YoY
Effective rate
5.82%
On assessed value
Land market value
$1,335,200
Improvement market value
$330,709
Total market value
$1,665,909
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
993 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C-C
APN
162-11-017E
UPID
US07-0094545
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZZoning C-C · permitted uses
C-C · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Cobblestone Phoenix Propco LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8900 E BAHIA DR STE #200, SCOTTSDALE, AZ 85260-3301
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2023
—
Cobblestone Propco LLC
—
Deed
related
$25,000,000 · Tcg Senior Funding LLC
Nov 29, 2021
$14,300,000
Cobblestone Phoenix Propco LLC
Haron Properties LLC
Special Warranty Deed
—
Jul 26, 2019
$3,700,000
Haron Properties LLC
Pr&r Enterprises LLC
Special Warranty Deed
$3,412,500 · Bmo Harris Bank NA
Jun 30, 2017
—
Pr&r Enterprises LLC
Bfsh LLC
Quit Claim Deed
related
$2,790,600 · Metro Phoenix Bank
Sep 27, 2006
$3,500,000
Bfsh LLC
Quick N Clean Car Wash II LLC
Special Warranty Deed
$1,783,500 · Blx Capital LLC
Mar 15, 2005
$1,200,000
Quick N Clean Car Wash II LLC
Odyssey INC
Grant Deed
$800,000 · Pavillion Bank
Aug 29, 1997
$875,000
Odyssey INC
White L P
Grant Deed
related
$807,500 · Bank Of America F S B
Mar 15, 1988
$1,350,000
White Glove Of P
White
Grant Deed
related
—
Sep 10, 1987
$660,000
Fleetway Systems
—
Grant Deed
related
—
Sep 1, 1987
$660,000
Fleetway Systems
Robin
Grant Deed
related
—
—
—
Quick N Clean Car Wash II LLC
—
Deed Of Trust
related
$1,554,500 · Compass 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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