Freestanding Educational Facility with Secure
For Sale
$2,850,000
29858 N Tatum Blvd, Cave Creek, AZ 85331
Freestanding educational facility with private rooms, offices, a kitchen, and efficient drop-off/pick-up drive aisle.
Property Size8,535 SF
Price / SF$333.92
Days on Market48
Property Features for 29858 N Tatum Blvd
General Information
Standard status
Active
Size
8,535 SF
Total Parking Spaces
27
Property subtype
Special Purpose
Site & Location
Road Access
Yes
Fenced Yard
Yes
Building Details
Building Size
8,535 SF
Year Built
1998
Listing Agency:
(480) 206-4548
Listed By:
Steve Berghoff, SIOR, CCIM
(480) 206-4548
Source:
Menlocre
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 11 at 5:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Berghoff, SIOR, CCIM
Investment Insights
Based on property information with market context.
Freestanding educational facility available for lease or sale offering private rooms, private offices, and restrooms. The building includes a dedicated administrative hub separated from the main school areas, plus a kitchen available for on-site meal preparation. The layout is supported by efficient drop-off/pick-up with a center island and perimeter drive aisle, and offers two large fenced and secured outdoor areas.
The property features large monument signage along Tatum Blvd and is served by direct access along Tatum Blvd in the North Phoenix/Cave Creek area. Parking totals 27 spaces, with a stated ratio of 3.1 per 1,000 SF. Cross-streets are Tatum Blvd and Cave Creek Rd, supporting convenient arrival and circulation for daily operations.
Indoors, the facility’s reported size is approximately 8,535 SF, and it includes secure outdoor space intended to complement the interior private room configuration.
The property features large monument signage along Tatum Blvd and is served by direct access along Tatum Blvd in the North Phoenix/Cave Creek area. Parking totals 27 spaces, with a stated ratio of 3.1 per 1,000 SF. Cross-streets are Tatum Blvd and Cave Creek Rd, supporting convenient arrival and circulation for daily operations.
Indoors, the facility’s reported size is approximately 8,535 SF, and it includes secure outdoor space intended to complement the interior private room configuration.
Key Highlights
- Freestanding educational facility built in 1998, available for lease or sale
- About 8,535 SF with private rooms, offices, and restrooms
- Efficient drop‑off/pick‑up setup with center island and perimeter drive aisle
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,661
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,413,220
$2.4M
Cap Rate 7%
$1,723,729
$1.7M
Cap Rate 9%
$1,340,678
$1.3M
Market Conditions
NOI Build-Up for 8,535 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$215.1K $25.20/SF
− Vacancy
−$14.0K −$1.64/SF
EGI
$201.1K $23.56/SF
− OpEx
−$80.4K −$9.42/SF
NOI
$120.7K $14.14/SF
Area
Maricopa County, AZ
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,413,220
Cap Rate 7%
$1,723,729
Cap Rate 9%
$1,340,678
Alternative Uses
Best Use
Healthcare Medical
$1.72M
$1.51M – $2.01M
NOI $120,661 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,807 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 85331, AZ
31,038
Population
13,680
Households
2.3
Avg Household Size
51
Median Age
53%
College-Educated
99%
High-School Grad
131.1 sq mi
ZIP Area
237
Density / Sq Mi
$123,710
Median Household Income
$61,542
Median Earnings
$2,535
Median Rent
$674,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
School - Freestanding educational facility with private rooms, offices, a kitchen, and efficient drop-off/pick-up drive aisle.
Where is this school located?
The property is located at 29858 N Tatum Blvd Cave Creek, AZ.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Freestanding educational facility built in 1998, available for lease or sale; About 8,535 SF with private rooms, offices, and restrooms; Efficient drop‑off/pick‑up setup with center island and perimeter drive aisle
