Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    N Cave Creek Rd Carefree, AZ 85377

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial zoned property near town center with utilities on site.

    Type:Land
    Added:
    Dec 7, 2023
    Days on Market:
    875
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for N Cave Creek Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Tom Helberg

    Listing agent Tom Helberg License #SA691472000

    Listing office Bellevue Investors Company

    Listing date Dec 7, 2023

    Source Crexi

    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 Bellevue Investors Company

    Overview

    Commercial Land in Carefree Town

    This commercially zoned property is located in Carefree, situated on the corner of Cave Creek Road and Bloody Basin, traveling east to west Cave Creek Rd. It is adjacent to the town center and described as the most visible commercial property in town. Utilities are available on site. The property is located close to high-end communities and Bartlett Lake. The town is ready to work with permitted commercial uses, according to the data sheet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Carefree
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.904
    Latitude
    33.8171

    Nearby Similar for Sale

    • $699,000

      Carefree Land with Mountain Views

      Elevated homesite with panoramic views in a sought-after location.
      6308 E VILLA CASSANDRA Way, Carefree, AZ 85377
      View Details
    • $850,000

      Carefree Land with Mountain Views

      2.5-acre homesite in gated community with panoramic views.
      37207 N Nighthawk Way, Carefree, AZ 85377
      View Details
    • $925,000

      Carefree Land with Mountain Views

      3.68 acre homesite in gated luxury community.
      37292 N Nighthawk Way, Carefree, AZ 85377
      View Details
    • $799,000

      Carefree Hillside Lot with Views

      Buildable 5.17-acre lot with well, views, and no HOA.
      39805 N FATHER KINO Trail, Carefree, AZ 85377
      View Details
    • $380,000

      Carefree Land with Mountain Views

      1.68 acre vacant lot near downtown Carefree, Arizona.
      36602 N NEVER MIND Trail, Carefree, AZ 85377
      View Details
    • $910,000

      Carefree Land with Mountain Views

      Spacious 2.31-acre lot with mountain views, convenient to Carefree.
      37156 N CAREFREE Drive, Carefree, AZ 85377
      View Details
    • $850,000

      Carefree Land with Mountain Views

      4.72-acre double lot with panoramic views and utilities available.
      7018 E STAGECOACH PASS Road, Carefree, AZ 85377
      View Details
    • $1,096,200
      3,915 SF

      Corner Land Parcel For Sale

      Corner land parcel available for purchase in Carefree, Arizona.
      37202 N BLOODY BASIN Road, Carefree, AZ 85377
      View Details
    • $370,000

      Carefree Land with Mountain Views

      Almost 6 acres to build your dream custom home.
      N Father Kino Trail N, Carefree, AZ 85377
      View Details
    • $270,000

      Carefree Hillside Lot

      Almost 6 acres to build your dream custom home.
      N Father Kino Trail N, Carefree, AZ 85377
      View Details
    • $640,000

      Carefree Hillside Lot Available

      13.88 acre hillside lot to build your dream home.
      N Father Kino Trail, Carefree, AZ 85377
      View Details
    • $849,000
      1,847 SF

      Carefree Residence with Versatile Loft

      Well-designed 2-bedroom residence in downtown Carefree with flexible layout.
      1 EASY Street 7, Carefree, AZ 85377
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial zoned property near town center with utilities on site.
    Where is this commercial land located?
    The property is located at N Cave Creek 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: First Commercial Zoned Property travelling east to west on Cave Creek Rd in Carefree.; Most visible commercial property in town.; Adjacent to town center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tom Helberg
    Real Estate License ID: SA691472000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!