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Property profile & analytics

4705 Carefree Hwy Cave Creek, AZ 85331

  • Strip malls
  • 18,816 SF
  • 1.88 lot acres
Value Estimation
$5,510,000
Last Sale
Jan 27, 2020
$6,120,000
Location Intelligence
Property ID
US07-1585238
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

  • 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

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

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
$54,060
$0.00
$0.00
$1,335,527
-
$1,119,100
$6,975,000
$8,094,100
More about this property
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