Retail Strip Mall
6450 E CAVE CREEK Road Cave Creek, AZ 85331
6450 E CAVE CREEK Road, Cave Creek, AZ, 85331
$4,995,000
For Sale
$4,995,000
Retail strip mall located just east of School House Road on Cave Creek Road’s north side in Maricopa County.
Property Size13,762 SF
Price / SF$362.96
Days on Market105
Property Features for 6450 E CAVE CREEK Road
General Information
- Standard status
- Active
- Size
- 13,762 SF
Building Details
- Year Built
- 2001
Listing agency
(623) 326-9036
Listed by
Paul Scortea · License #SA656092000
(623) 326-9036
Source
Evrealestate
Added: Apr 8 Updated: Jul 20 at 10:01PM Checked: Jul 21 at 4:42AM
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 Paul Scortea
Investment Insights
Based on property information with market context.
This for-sale retail strip mall property is positioned for street-facing storefront activity along Cave Creek Road. The offering is identified as a retail strip mall within the provided property type classifications.
The directions place the property just east of School House Road on the north side of Cave Creek Road in Maricopa County, Arizona.
No further details regarding suite configuration, tenant occupancy, or specific improvements were provided in the information available.
The directions place the property just east of School House Road on the north side of Cave Creek Road in Maricopa County, Arizona.
No further details regarding suite configuration, tenant occupancy, or specific improvements were provided in the information available.
Key Highlights
- Retail strip mall on the north side of Cave Creek Rd, just east of School House Road (Maricopa County).
- Built in 2001.
- Central air cooling and heat pump/electric heating.
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 | $260.9k | $18.96 |
| − Vacancy | −$13.0k | −$0.95 |
| EGI | $247.9k | $18.01 |
| − OpEx | −$74.4k | −$5.40 |
| NOI | $173.5k | $12.61 |
13,762 SF · lease $18.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.48M
$2.17M – $2.89M
NOI $173,517 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.26M
$3.72M – $4.97M
NOI $297,987 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Matt Woosley - State ...
Insurance Agency
Vitality Health Fitness ...
Gym & Fitness Center
Cuticles a Natural Nail ...
Nail Salon
Face Body Spirit ...
Spa & Massage Center
Wildwoods Healing Arts
Alternative Medicine Practice
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FAQs
What type of property is this?
Strip mall - Retail strip mall located just east of School House Road on Cave Creek Road’s north side in Maricopa County.
Where is this strip mall located?
The property is located at 6450 E CAVE CREEK Road Cave Creek, AZ.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Retail strip mall on the north side of Cave Creek Rd, just east of School House Road (Maricopa County).; Built in 2001.; Central air cooling and heat pump/electric heating.
