615 Ray Rd Gilbert, AZ 85233-8408
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.
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P1 PPF Protection and Tint Car Wash
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Frankie's Car Wash Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SC · Gilbert, AZGilbert. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.