Freestanding Medical Office
37234 N Cave Creek Rd Cave Creek, AZ 85331
37234 N Cave Creek Rd, Cave Creek, AZ, 85331
$875,000
For Sale
$875,000
Stand-alone commercial building on a corner lot with access from both directions and 18–20 parking spaces.
Property Size1,462 SF
Price / SF$598.50
Days on Market187
Property Features for 37234 N Cave Creek Rd
General Information
- Standard status
- Active
- Size
- 1,462 SF
Listing agency
Russ Lyon Sotheby's International Realty
(480) 734-5144
Listed by
Jerry Mooberry · License #SA682703000
(480) 734-5144
Source
Exprealty
Added: Jan 17 Updated: Jul 23 at 12:19AM Checked: Jul 23 at 12:19AM
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 Russ Lyon Sotheby's International Realty
Investment Insights
Based on property information with market context.
This stand-alone commercial building at 37234 N Cave Creek Rd in Cave Creek, AZ offers a flexible interior configuration with two offices, including one office currently used by the seller. The property includes a separate storage building on-site and is supported by TCC Commercial Zoning.
Set on a prominent corner lot, the site provides access from both directions along the main corridor and offers excellent street exposure. The property is described as the first commercial building on the west side of Cave Creek Rd as you enter the Town.
Parking on-site is estimated at 18–20 spaces. The building can be used as a single freestanding commercial facility or adapted to create multiple rental spaces within the existing envelope.
Set on a prominent corner lot, the site provides access from both directions along the main corridor and offers excellent street exposure. The property is described as the first commercial building on the west side of Cave Creek Rd as you enter the Town.
Parking on-site is estimated at 18–20 spaces. The building can be used as a single freestanding commercial facility or adapted to create multiple rental spaces within the existing envelope.
Key Highlights
- Stand‑alone commercial building on a prominent corner lot with access from both directions
- 18–20 on‑site parking spaces
- TCC commercial zoning
Local Financial Insights For Office B
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 | $44.7k | $30.60 |
| − Vacancy | −$10.9k | −$7.47 |
| EGI | $33.8k | $23.13 |
| − OpEx | −$8.5k | −$5.78 |
| NOI | $25.4k | $17.35 |
1,462 SF · lease $30.60/SF/yr · vacancy 24.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$362.4K
$317.1K – $422.8K
NOI $25,366 @ 7.0% cap · market cap 2.90%
Second Best
Healthcare Medical
$295.3K
$258.4K – $344.5K
NOI $20,669 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$452.2K
$395.7K – $527.6K
NOI $31,657 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cave Creek Chiropractic ...
Alternative Medicine Practice
Todd M. Meyers, ...
Alternative Medicine Practice
The Lighting Plan
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Tanya Wyman — 37555 N Cave Creek Rd, Cave Creek, AZ 85331
- Lauren McEllen — 37555 N Cave Creek Rd, Cave Creek, AZ 85331
- Animal Health Services — 37555 n cave creek rd, cave creek, az 85331
- Heather Ballard — 37555 N Cave Creek Rd, Cave Creek, AZ 85327
- Whitney Forrest - Animal Health Services of Cave Creek — 37555 N Cave Creek Rd, Cave Creek, AZ 85331
FAQs
What type of property is this?
Medical Office Space - Stand-alone commercial building on a corner lot with access from both directions and 18–20 parking spaces.
Where is this medical office space located?
The property is located at 37234 N Cave Creek Rd Cave Creek, AZ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Stand‑alone commercial building on a prominent corner lot with access from both directions; 18–20 on‑site parking spaces; TCC commercial zoning
