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Property profile & analytics
OFF-MARKET Estimated value $1,235,000
Car washes

615 Ray Rd Gilbert, AZ 85233-8408

4,306 SF 1.73 ac lot Built 2004
Entity Owned ~ Est. High Equity
Property ID
US07-3291095
Property summary
AI-generated overview

This exceptional turnkey car wash business, located at 615 W Ray Rd in Gilbert, Arizona (Maricopa County, zip code 85233), presents a rare investment opportunity. Built in 2004 and extensively renovated in 2023 with approximately $600,000 in improvements, the property boasts a 2.98-acre lot (APN 302-83-962). Priced significantly below current replacement costs for similar car wash construction and development, this single-tenancy retail property offers substantial value. The business benefits from multiple revenue streams, including detail and window tint services operating on month-to-month leases, providing flexible lease terms and future upside potential. The affluent Gilbert market is experiencing robust growth, with projected population increases of 7.50% within a 1- and 3-mile radius over the next five years. Local household income averages $129,000 annually within a one-mile radius, indicating a strong and stable customer base. This is a truly exceptional opportunity to acquire a well-established, high-performing car wash in a thriving market. The asking price is $2,400,000.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 2004
Construction STEEL FRAME
Total area 4,306 SF
Lot 1.73 ac (75,232 SF)
Zoning code SC
APN 302-83-962
UPID US07-3291095
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
  • P1 PPF Protection and Tint Car Wash
  • Frankie's 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
$1.24M
Owner & transaction history
North Scottsdale Self Storage LLC
North Scottsdale Self Storage LLC
since 2025
Last sale
$1.2M
4 recorded transactions
2025
$1.2M
2022
Price N/A
2021
$1.7M
2004
Price N/A
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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