Freestanding Storefront
For Sale
$2,400,000
6070 E Cave Creek Rd Cave, Cave Creek, AZ 85331
Vacant adobe-style retail and office building with signage, parking, and Town Core Commercial zoning.
Property Size6,170 SF
Lot Size0.64 Acres
Price / SF$388.98
Days on Market194
Property Features for 6070 E Cave Creek Rd Cave
General Information
Standard status
Active
Size
6,170 SF
Total Parking Spaces
45
Lot size
0.64 Acres
Property subtype
Free Standing Building
Zoning
Town Core Commercial
Additional Details
Road Access
Yes
Amenities
signage
exposed T & G ceilings
wood beams
lodge pole pillars
Building Details
Building Size
6,170 SF
Year Built
2001
Buildings
1
Construction
adobe-style
Tenancy
Single
Listing Agency:
Realty Executives Commercial
(480) 481-0032
Listed By:
Bill Clarkson
(480) 481-0032
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 12:50PM
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 Realty Executives Commercial
Investment Insights
Based on property information with market context.
This freestanding storefront property provides 6,170+- sq. ft. of retail and office space on a 27,829+- sq. ft. parcel. The vacant building includes a spacious showroom, private office, restrooms, signage, and an open layout suited to retail operations. Adobe-style construction features exposed tongue-and-groove ceilings, wood beams, and lodge pole pillars. Built in 2001, the property offers 45 parking spaces.
Located at 6070 E. Cave Creek Rd in Cave Creek’s central business district, the building sits on the north side of the street, slightly west of the town center. Town Core Commercial zoning supports retail business use, providing a defined commercial setting for the existing storefront configuration.
Located at 6070 E. Cave Creek Rd in Cave Creek’s central business district, the building sits on the north side of the street, slightly west of the town center. Town Core Commercial zoning supports retail business use, providing a defined commercial setting for the existing storefront configuration.
Key Highlights
- 6,170+- sq. ft. freestanding retail/office building
- 27,829+- sq. ft. parcel with 45 parking spaces
- Town Core Commercial zoning
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
$107,051
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
4.46%
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%
$2,141,020
$2.1M
Cap Rate 7%
$1,529,300
$1.5M
Cap Rate 9%
$1,189,456
$1.2M
Market Conditions
NOI Build-Up for 6,170 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
$188.8K $30.60/SF
− Vacancy
−$46.1K −$7.47/SF
EGI
$142.7K $23.13/SF
− OpEx
−$35.7K −$5.78/SF
NOI
$107.1K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
25.00%
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%
$2,141,020
Cap Rate 7%
$1,529,300
Cap Rate 9%
$1,189,456
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $107,051 @ 7.0% cap · market cap 4.46%
Second Best
Retail
$1.11M
$972.4K – $1.30M
NOI $77,794 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,598 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant adobe-style retail and office building with signage, parking, and Town Core Commercial zoning.
Where is this storefront property located?
The property is located at 6070 E Cave Creek Rd Cave Cave Creek, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 6,170+- sq. ft. freestanding retail/office building; 27,829+- sq. ft. parcel with 45 parking spaces; Town Core Commercial zoning
