Retail Property on Cave
For Sale
Contact for pricing
9017 N Cave Creek Rd, Phoenix, AZ
Retail property for sale in high-traffic Phoenix location.
Property Size3,048 SF
Lot Size0.21 Acres
Price / SF$327.76
Days on Market560
Property Features for 9017 N Cave Creek Rd
General Information
Standard status
Active
Size
3,048 SF
Lot size
0.21 Acres
Property subtype
RETAIL
Listing Agency:
ORION Investment Real Estate
(480) 848-3168
Listed By:
Garrett Hemeyer · License #SA691810000
(480) 848-3168
Source:
Moodyscre
Added: Jan 16, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:56AM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
This retail property is located at a high-traffic intersection with a combined 51,000 vehicles per day. The trade area is densely populated, with approximately 360,000 residents within a 5-mile radius. The area boasts strong household incomes, exceeding $100,000 within a 3-mile radius. The property presents an excellent opportunity for an owner-user. The property size is 3,048 square feet.
Key Highlights
- High traffic intersection with 51,000 vehicles per day.
- Densely populated trade area with approximately 360,000 residents within a 5‑mile radius.
- Strong household incomes; the average is over $100,000 within a 3‑mile radius.
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 | $54.9k | $18.00 |
| − Vacancy | −$5.7k | −$1.85 |
| EGI | $49.2k | $16.15 |
| − OpEx | −$14.8k | −$4.84 |
| NOI | $34.4k | $11.30 |
3,048 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$492.1K
$430.6K – $574.2K
NOI $34,449 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.3K
$807.9K – $1.08M
NOI $64,629 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,027
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property for sale in high-traffic Phoenix location.
Where is this retail space located?
The property is located at 9017 N Cave Creek Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: High traffic intersection with 51,000 vehicles per day.; Densely populated trade area with approximately 360,000 residents within a 5‑mile radius.; Strong household incomes; the average is over $100,000 within a 3‑mile radius.
