Shadow-Anchored Retail
16802 North Cave Creek Road, Phoenix, AZ 85032
Cave Creek Plaza is a multi-building retail center with established tenants in a heavily trafficked Phoenix corridor.
Type:Retail
Property size:
21,219 SFLot size:
1.37 AcresPrice / SF:
$195/SF- Added:
- Jun 10, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 20 at 8:59 am
Property Features for 16802 North Cave Creek Road
General Information
- Standard status
- Active
- Size
- 21,219 SF
- Lot size
- 1.37 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing office DMC Real Estate
Listing date Jun 10, 2026
Source Crexi
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 DMC Real Estate
HighLights
- 3‑building retail shopping center totaling 21,246 SF on approx. 1.37 acres
- Located at the intersection of Bell Road and Cave Creek Road (Phoenix, AZ)
- Over 70,000 vehicles per day along Bell & Cave Creek Road for strong daily exposure
- National tenants include Boost Mobile and H&R Block
- Over 35% of GLA has operated at the center for 10+ years
- Year built: 1978
Overview
Cave Creek Plaza is a multi-building shopping center comprised of three buildings and totaling 21,246 SF, situated on approximately 1.37 acres. The center includes a mix of retail space currently occupied by national tenants Boost Mobile and H&R Block. The property is described as being shadow anchored by Home Depot, AutoZone, and Carl’s Jr.
The center is located at the intersection of Bell Road and Cave Creek Road in Phoenix, Arizona. Public remarks note over 70,000 vehicles per day along Bell & Cave Creek Road, supporting visibility and convenient access for passing motorists.
For investors or owner-users seeking retail exposure aligned with established, ongoing tenancy, Cave Creek Plaza offers a stable operating profile highlighted by more than 35% of GLA operating for 10+ years. Its tenant mix and shadow-anchored positioning may be well-suited for buyers looking for a retail asset that already benefits from durable occupancies within an established shopping corridor.
The center is located at the intersection of Bell Road and Cave Creek Road in Phoenix, Arizona. Public remarks note over 70,000 vehicles per day along Bell & Cave Creek Road, supporting visibility and convenient access for passing motorists.
For investors or owner-users seeking retail exposure aligned with established, ongoing tenancy, Cave Creek Plaza offers a stable operating profile highlighted by more than 35% of GLA operating for 10+ years. Its tenant mix and shadow-anchored positioning may be well-suited for buyers looking for a retail asset that already benefits from durable occupancies within an established shopping corridor.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $361.6k | $17.04 |
| − Vacancy | −$37.2k | −$1.76 |
| EGI | $324.3k | $15.28 |
| − OpEx | −$97.3k | −$4.59 |
| NOI | $227.0k | $10.70 |
21,219 SF · lease $17.04/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.24M
$2.84M – $3.78M
NOI $227,031 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.41M
$5.61M – $7.48M
NOI $448,980 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Coin Cloud Bitcoin ATM — 15827 N Cave Creek Rd, Phoenix, AZ 85032
- Bell Plaza — 2320 E Bell Rd, Phoenix, AZ 85022
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0311794
- Latitude
- 33.6390209
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Cave Creek Plaza is a multi-building retail center with established tenants in a heavily trafficked Phoenix corridor.
Where is this shopping center located?
The property is located at 16802 North Cave Creek Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,148,000.
What are key features of this property?
This property features: 3‑building retail shopping center totaling 21,246 SF on approx. 1.37 acres; Located at the intersection of Bell Road and Cave Creek Road (Phoenix, AZ); Over 70,000 vehicles per day along Bell & Cave Creek Road for strong daily exposure
