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Property profile & analytics

21043 Cave Creek Rd Phoenix, AZ 85024

  • Strip malls
  • 40,713 SF
  • 1.06 lot acres
Value Estimation
$7,155,000
Last Sale
Apr 28, 2025
$7,117,000
Location Intelligence
Property ID
US07-3479673
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Brian Stevens - State Farm Insurance Agent / Home Insurance Agency / Insurance Agency
  • Quiznos / Sandwich Shop
  • Fancy Nails / Nail Salon
  • Azco Properties LLC / Real Estate Agency
  • Moonstone & Muro Hair Salon / Hair Salon

Property Details for 21043 Cave Creek Rd

Year built
2002
Construction
CONCRETE
Lot size
1.06 lot acres
Property size
40,713 SF
Zone code
C-2
Property type
Strip malls
Property subtype
Neighborhood centers
APN
213-10-025
APU
21310025

Description

This exceptional 41,000 square foot Class B medical retail center, built in 2000 and renovated in 2015, presents a unique investment opportunity in Maricopa County. Situated on a 5-acre lot with convenient access to Loop 101, the property boasts 18 suites, offering flexible space options ranging from a minimum of 1,340 square feet to a maximum contiguous space of 5,257 square feet. Currently, 6,597 square feet are available for lease, providing immediate occupancy potential for multiple tenants. The center benefits from ample parking with 40 spaces and prominent monument signage, ensuring high visibility and attracting a substantial customer base. The location is strategically positioned on Cave Creek Road, near Phoenix, Arizona, within a thriving area characterized by high average household incomes exceeding $75,000 within a 3-mile radius. This prime location, combined with the presence of established national and local tenants, creates a robust and attractive environment for new businesses. The property's blend of established tenancy and available space offers a compelling opportunity for growth and expansion within a dynamic market. The single building structure provides efficient management and streamlined operations.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $7,225,000
  • CAP approach

    CAP return
    Estimation
    6%
    $6,740,000
    6.5%
    $6,355,000
    7%
    $6,540,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $6,135,000
    Geo Method
    $6,445,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $6,890,000
    Retail
    $8,165,000
    Mixed-Use
    $8,165,000
    Hospitality
    $7,920,000
    Educational
    $6,650,000
    Residential Income
    $7,320,000
    Energy
    $8,180,000
    Income-Based Land
    $7,370,000
    Food Service
    $6,195,000

Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.03
Latitude
33.679
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$69,225
$0.00
$0.00
$1,440,714
-
$1,746,300
$6,985,300
$8,731,600
More about this property
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