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    Cave Crk Rd Carefree, AZ 85377

    For Sale
    $1,575,000

    Prime 1.84-acre commercial lot in Carefree, AZ

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.84-acre commercial land parcel presents a unique investment opportunity in the desirable Carefree, Arizona market. Located at the prominent corner of Cave Creek Road and Bloody Basin Road, this property boasts excellent visibility and accessibility. The lot offers substantial frontage on Cave Creek Road, measuring approximately 323 feet along the main road and 281 and 202 feet on the northeast side. Its strategic location is just west of Pima Road and a half-mile east of Scottsdale Road (Tom Darlington Drive), placing it within easy reach of the Cave Creek Town Center and major transportation arteries like I-17 and Loop 101. The property is zoned Commercial (C), allowing for a variety of development options, including retail, office, and potentially residential or multi-family uses, subject to approval from the Town of Carefree. Utilities, including power, water, sewer, and gas, are conveniently located on-site. This is the first commercially zoned property on Cave Creek Road in Carefree, making it a truly rare and highly sought-after opportunity. The asking price is $1,575,000, translating to a land value of $19.65 per square foot. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Arizona community.

    Property Features for 0 Cave Crk Rd

    General Information

    Property type
    Land
    Lot Size
    80,150 SF

    HighLights

    • 1.84‑acre commercial lot in desirable Carefree, AZ.
    • High visibility corner lot at Cave Creek Rd and Bloody Basin Rd, with approx. 323 ft of frontage on Cave Creek Rd.
    • Excellent location: West of Pima Rd, 1⁄2 mile east of Scottsdale Rd (Tom Darlington Dr), near Cave Creek Town Center, I‑17, and Loop 101.
    • Commercially zoned (C), allowing for retail, office, and potentially residential or multi‑family uses (subject to Town of Carefree approval).
    • Utilities (power, water, sewer, gas) available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carefree
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9149875
    Latitude
    33.8232982

    Nearby Comparable

    • $1,575,000
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      Carefree Commercial Land on Cave Creek

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      Carefree Office Suites for Sale

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    Nearby Similar for Sale

    • Contact for pricing
      35,111 SF

      Carefree Office Suites for Sale

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    • $885,395
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      Upgraded Home Near Downtown Carefree

      New home with upgrades, near dining, shopping, and local events.
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    • $1,050,000
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      Downtown Carefree Office Building

      Prime Carefree Office Space, $1.05M
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    FAQs

    What type of property is this?
    Land - Prime 1.84-acre commercial lot in Carefree, AZ
    Where is this land located?
    The property is located at Cave Crk Rd Carefree, AZ.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: 1.84-acre commercial lot in desirable Carefree, AZ.; High visibility corner lot at Cave Creek Rd and Bloody Basin Rd, with approx. 323 ft of frontage on Cave Creek Rd.; Excellent location: West of Pima Rd, 1⁄2 mile east of Scottsdale Rd (Tom Darlington Dr), near Cave Creek Town Center, I-17, and Loop 101.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cave Crk Rd Carefree, AZ 85377
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