Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cave Creek Land Parcel Title is generated by Realmo AI

    7500 E HIGHLAND Road, Cave Creek, AZ 85331

    View on Map
    Claim this Listing
    For Sale
    $2,200,000

    LAND - Cave Creek, AZ

    Lot size:
    22.55 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    74
    Last Refresh:
    May 18 at 3:06 pm

    Property Features for 7500 E HIGHLAND Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    D5A
    Standard status
    Active
    APN
    216-20-001-E
    Lot size
    22.55 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SE4 NW4 SEC 23 EX W 576F
    Tax Annual Amount
    3742

    We can help!

    Listing Contact
    Joshua A Peters
    Joshua A Peters

    Listing agent Joshua A Peters License #SA640957000

    Listing office Realty ONE Group 11211 N Tatum Blvd #120, Phoenix, AZ

    Listing date Mar 5, 2026

    MLS# 6993508 Listing URL

    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.

    HighLights

    • Expansive 22.5 acre parcel offering estate opportunity and privacy.
    • Lot split potential for up to 4 lots, offering investment or development options.
    • Sweeping 360‑degree views of the Sonoran Desert.
    • Generous building envelope suitable for a custom home or retreat.
    • Minutes from downtown Cave Creek.
    • Mature saguaros and natural desert beauty.

    Overview

    This 22.5 acre parcel is located minutes from downtown Cave Creek, Arizona. The property offers 360-degree views of the surrounding Sonoran Desert, which includes mature saguaros. The generous building envelope is suitable for a custom home or private desert retreat. The parcel also presents lot split potential for up to 4 lots, offering the option to build on the best homesite and sell additional parcels or hold as an investment. The expansive acreage provides estate opportunity, guest casitas, equestrian amenities, or other structures while maintaining privacy and open desert surroundings. The property offers a great investment opportunity with slight elevation and many building options in a market with very few large acreage parcels available, just minutes from town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cave Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.918507
    Latitude
    33.851764

    Nearby Similar for Sale

    • $575,000

      Cave Creek Mixed-Use Land

      Luxury mixed-use property with approved site plan in Cave Creek.
      37002 N CAVE CREEK Road, Cave Creek, AZ 85331
      View Details
    • $1,450,000

      Cave Creek Horse Property

      Well-equipped equestrian property designed for horse and rider.
      35412 N 51st Street, Cave Creek, AZ 85331
      View Details
    • $580,000

      Cave Creek Land with Panoramic Views

      Rare 4.99-acre property with privacy and custom home potential.
      41811 N 72ND -- Street, Cave Creek, AZ 85331
      View Details
    • $695,000

      Cave Creek Land For Sale

      Unique 65+ acre property with development potential in Cave Creek.
      46000 N Fleming Springs Road, 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, 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
    • $320,000

      Cave Creek Land Opportunity

      Land for sale in Cave Creek, Arizona.
      E Cahava Ranch RD, 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, 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, Cave Creek, AZ 85331
      View Details
    • $320,000

      Cave Creek Land Opportunity

      4.38 acres of land in Cave Creek, Arizona.
      E Cahava Ranch RD, Cave Creek, AZ 85331
      View Details
    • $400,000

      8.7 Acres in Cave Creek

      Pristine land parcel with mountain views in Cave Creek.
      42XXX N Sierra Vista Road, Cave Creek, AZ 85331
      View Details
    • $599,900

      Cave Creek Desert Lot

      1.38 acre desert lot with mature cacti and trees.
      31607 N 64TH Street, Cave Creek, AZ 85331
      View Details

    FAQs

    What type of property is this?
    Land - 22.5 acre parcel near downtown Cave Creek, Arizona.
    Where is this land located?
    The property is located at 7500 E HIGHLAND Road Cave Creek, AZ.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Expansive 22.5 acre parcel offering estate opportunity and privacy.; Lot split potential for up to 4 lots, offering investment or development options.; Sweeping 360‑degree views of the Sonoran Desert.
    (480) 788-7556
    We can help!
    Listing Contact
    Joshua A Peters
    Joshua A Peters
    Real Estate License ID: SA640957000
    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

    Thank You for Inquiry
    7500 E HIGHLAND Road, Cave Creek, AZ 85331
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!