Flex Building with Fenced
38238 North Basin Road, Cave Creek, AZ 85331
For Sale
Contact for pricing
Office-showroom space is paired with a warehouse and secured outdoor storage.
Property Size3,710 SF
Lot Size0.38 Acres
Price / SF$268.19
Days on Market13
Property Features for 38238 North Basin Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Corner Location
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Sprinkler System
Additional Details
Property Use
Amenities
kitchenette
restrooms
gated fenced yard
brand new A/C
Building Details
Buildings
Building Size
Listing Agency:
Prin Investment Real Estate Group
Listed By:
Barry Rosensteel · License AZ BR526883000
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 6:11PM
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 Prin Investment Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,710-square-foot flex building combines a 2,797-square-foot office and showroom with a 913-square-foot warehouse. The office area includes a kitchenette and two restrooms. Warehouse features include 17-foot clear height and an 8-by-10-foot roll-up door. The property also has a gated, fenced yard, fire sprinklers, and newly installed air conditioning.
The 16,650-square-foot site sits on a corner just off Cave Creek Road in Cave Creek. Identified potential uses include restaurant, tavern, retail, mixed-use live/work, office, school, and equestrian facilities. The current owner is willing to lease back the property and remain in occupancy under an agreed arrangement.
The 16,650-square-foot site sits on a corner just off Cave Creek Road in Cave Creek. Identified potential uses include restaurant, tavern, retail, mixed-use live/work, office, school, and equestrian facilities. The current owner is willing to lease back the property and remain in occupancy under an agreed arrangement.
Key Highlights
- 3,710‑square‑foot building on a 16,650‑square‑foot site
- 2,797‑square‑foot office/showroom with kitchenette and two restrooms
- 913‑square‑foot warehouse with 17‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,777
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,540
$935.5K
Cap Rate 7%
$668,243
$668.2K
Cap Rate 9%
$519,744
$519.7K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$70.3K $18.96/SF
− Vacancy
−$3.5K −$0.95/SF
EGI
$66.8K $18.01/SF
− OpEx
−$20.0K −$5.40/SF
NOI
$46.8K $12.61/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,540
Cap Rate 7%
$668,243
Cap Rate 9%
$519,744
Alternative Uses
Best Use
Retail
$668.2K
$584.7K – $779.6K
NOI $46,777 @ 7.0% cap · market cap 4.70%
Second Best
Warehouse
$544.9K
$476.8K – $635.8K
NOI $38,146 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,332 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
17 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Well-served
Demand for This Use
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
$674,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Maricopa County, AZ
Properties on Market for Flex space in Maricopa County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Cater Phoenix — 37611 N Cave Creek Rd, Cave Creek, AZ 85331
- The Hungry Creeker Catering — N Cave Creek Rd, Cave Creek, AZ 85331
Frequently Asked Questions
What type of property is this?
Flex space - Office-showroom space is paired with a warehouse and secured outdoor storage.
Where is this flex space located?
The property is located at 38238 North Basin Road Cave Creek, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,710‑square‑foot building on a 16,650‑square‑foot site; 2,797‑square‑foot office/showroom with kitchenette and two restrooms; 913‑square‑foot warehouse with 17‑foot clear height
