5230 Power RdGilbert, AZ 85295

Property Details for 5230 Power Rd

Year built

2007

Construction

CONCRETE

Lot size

2.36 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,889,195

  6.5%

  $1,743,872

  7%

  $1,619,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,304,543

  Geo Method

  $2,304,543

• Alternative Use

  Use

  Valuation

  Residential

  $1,471,021

  Hospitality

  $1,347,448

  Educational

  $1,121,061

  Medical

  $1,159,616

  Retail

  $1,743,872

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3211

Longitude

-111.69

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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