Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    64xx E Cave Creek Road unit 2 Cave Creek, AZ 85331

    View on Map
    For Sale
    $3,400,000

    LAND - Cave Creek, AZ

    Lot size:
    5.22 Acres
    Added:
    Jun 25, 2025
    Days on Market:
    281
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for 64xx E Cave Creek Road unit 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    216-06-274-B
    Lot size
    5.22 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    RARE EARTH HOLDING LLC MCR 1332-33 LT 2 EX TH POR LT 2 DAF COM SE COR SD LT 2 TH N 172.15F TPOB TH N
    TaxAnnualAmount
    14637

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Janet Mohr
    Janet Mohr

    Listing agent Janet Mohr License #BR008015000

    Listing office Realty Executives Arizona Territory 4343 E Outlier Blvd Suite #123, Phoenix, AZ

    Listing date Jun 25, 2025

    MLS# 6884908

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cave Creek Commercial Land Available

    This 5.22-acre commercial land is located in the center of Cave Creek, Arizona. The property has street frontage on Cave Creek Road and School House Road. Black Mountain is visible in the background. The location provides exposure and is within walking distance of restaurants and shops. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cave Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.941478
    Latitude
    33.832007

    Nearby Similar for Sale

    • $1,500,000

      Cave Creek Horse Property

      Well-equipped equestrian property designed for horse and rider.
      35412 N 51st Street unit: 0, Cave Creek, AZ 85331
      View Details
    • $800,000

      Cave Creek Commercial Land

      Commercial land near downtown Cave Creek with development potential.
      6015 E Valley Way unit: 8, Cave Creek, AZ 85331
      View Details
    • $675,000

      Cave Creek Desert Lot

      1.38 acre desert lot with mature cactus and trees.
      31607 N 64TH Street, Cave Creek, AZ 85331
      View Details
    • $550,000

      Luxury Mixed-Use Property in Cave Creek

      Exclusive mixed-use property with office, residential, and garage space.
      37202 N Cave Creek Road unit: Tract D, Cave Creek, AZ 85331
      View Details
    • $670,000

      Rare 10-Acre Desert Land Parcel

      10 acres in North Cave Creek, bordered by State Land.
      45XXX N Cottonwood Canyon Road, Cave Creek, AZ 85331
      View Details
    • $750,000

      Cave Creek Land For Sale

      Luxury development land with panoramic mountain views in Cave Creek.
      422XX N Sierra Vista Drive unit: 2, Cave Creek, AZ 85331
      View Details
    • $460,000

      Cave Creek Land Opportunity

      4.92-acre homesite with mountain views and equestrian privileges.
      N 36th Street unit: 1, Cave Creek, AZ 85331
      View Details
    • $500,000

      Cave Creek Land Opportunity

      8.42 acres of land in Cave Creek, Arizona.
      E Cahava Ranch RD unit: 211-01-069, Cave Creek, AZ 85331
      View Details
    • $599,000

      Cave Creek Land with Views

      4.99 acre property with panoramic views in Cave Creek.
      41811 N 72ND -- Street, Cave Creek, AZ 85331
      View Details
    • $375,000

      Cave Creek Land with Views

      2.5 acre lot near downtown Cave Creek, mountain views.
      3744X N School House Road unit: 0, Cave Creek, AZ 85331
      View Details
    • $320,000

      Cave Creek Land Opportunity

      Land for sale in Cave Creek, Arizona.
      E Cahava Ranch RD -- unit: 211-01-067, Cave Creek, AZ 85331
      View Details
    • $475,000

      Cave Creek Homesite Opportunity

      Prime 0.95-acre homesite with utilities and sweeping views.
      5949 E Hidden Valley Drive unit: 16, Cave Creek, AZ 85331
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.2 acre commercial land in the center of Cave Creek.
    Where is this commercial land located?
    The property is located at 64xx E Cave Creek Road unit 2 Cave Creek, AZ.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: Prime location in the center of Cave Creek with frontage on two main roads; Large 5.2‑acre property; Walking distance to restaurants and shops
    (602) 980-7653
    We can help!
    Listing Contact
    Janet Mohr
    Janet Mohr
    Real Estate License ID: BR008015000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!