4705 Carefree Hwy Cave Creek, AZ 85331
- Strip malls
- 18,816 SF
- 1.88 lot acres
Current Use by Public Records
- JK11 JCIL.INC. / Baseball Club
- Ray's Famous Pizza Cave Creek / Pizza Restaurant / Italian Restaurant
- 4 Paws & Claws / Veterinary Care / Professional Services
- Bahar Farani Ata-Abadi / Dentist
- The Shops At Dove Valley / Shopping Mall
Property Details for 4705 Carefree Hwy
- Year built
- 2007
- Construction
- CONCRETE
- Lot size
- 1.88 lot acres
- Property size
- 18,816 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 211-60-969
- APU
- 21160969
Description
The Shops at Dove Valley, located at 4705 E Carefree Hwy, Cave Creek, AZ 85331, presents a compelling investment opportunity in a thriving Maricopa County market. This 38,925 square foot retail strip/neighborhood center, built in 2007, sits on a substantial 850-acre lot and offers excellent visibility due to its location near Black Mountain Parkway. Currently, there are three available spaces ranging from 1,308 to 3,708 square feet, totaling 4,698 square feet of vacant space. The property's multiple tenancy structure provides a diversified income stream. The center's strategic location in Cave Creek offers access to a strong local customer base and significant growth potential. This property is ideal for investors seeking a well-established retail center with immediate income generation and expansion opportunities. The large lot size provides ample room for future development or expansion of the existing center. This is a rare opportunity to acquire a significant retail property in a desirable location. The property's 2007 construction ensures relatively modern facilities and infrastructure. Detailed financial information is available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,025,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,320,000
- 6.5%
- $5,595,000
- 7%
- $6,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,350,000
- Geo Method
- $5,925,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,255,000
- Retail
- $5,545,000
- Mixed-Use
- $4,995,000
- Hospitality
- $5,625,000
- Educational
- $5,735,000
- Residential Income
- $5,215,000
- Energy
- $4,885,000
- Income-Based Land
- $6,490,000
- Food Service
- $5,060,000
Location Insight
- Map
- Local Demand
- City
- Cave Creek
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.98
- Latitude
- 33.7976
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA