Flexible Office or Retail
38246 N Hazelwood Cir Cave Creek, AZ 85331
For Sale
Contact for pricing
Flexible 2,998 SF building with a two-story open layout and a fully gated rear yard.
Property Size2,998 SF
Price / SF$325.22
Days on Market23
Property Features for 38246 N Hazelwood Cir
General Information
- Standard status
- Active
- Size
- 2,998 SF
- Property subtype
- OFFICE
Listing Agency:
LevRose Commercial Real Estate
(480) 294-6001
Listed By:
Billy Cowan
Source:
Moodyscre
Added: Jul 1
Changed: Jul 23
Last Checked: Jul 23 at 7:34AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This flexible 2,998 SF building offers a two-story, open floor plan that can be subdivided. The property includes a fully gated rear yard designed to add outdoor functionality, along with an adaptable interior originally used as a daycare/school space.
The property is located in the heart of Cave Creek, AZ.
With its subdividable layout and adaptable interior configuration, the space can be considered for office use or potential retail use, depending on the tenant’s or buyer’s plans.
The property is located in the heart of Cave Creek, AZ.
With its subdividable layout and adaptable interior configuration, the space can be considered for office use or potential retail use, depending on the tenant’s or buyer’s plans.
Key Highlights
- 2,998 SF flexible building with the ability to subdivide
- Two‑story, open floor plan with versatile layout
- Former daycare/school adaptable for office or potential retail use
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 | $91.7k | $30.60 |
| − Vacancy | −$22.4k | −$7.47 |
| EGI | $69.4k | $23.13 |
| − OpEx | −$17.3k | −$5.78 |
| NOI | $52.0k | $17.35 |
2,998 SF · lease $30.60/SF/yr · vacancy 24.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$743.1K
$650.2K – $866.9K
NOI $52,016 @ 7.0% cap · market cap 5.33%
Second Best
Retail
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$927.4K
$811.4K – $1.08M
NOI $64,915 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Crystal Falls Pool ...
General Contractor
CBD Unlimited
Big Box & Wholesale Store
Maggie's Balm
Physician
Blesswell
Department Store
FAQs
What type of property is this?
Office building - Flexible 2,998 SF building with a two-story open layout and a fully gated rear yard.
Where is this office building located?
The property is located at 38246 N Hazelwood Cir Cave Creek, AZ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,998 SF flexible building with the ability to subdivide; Two‑story, open floor plan with versatile layout; Former daycare/school adaptable for office or potential retail use
