Financial
Distress signals
Property profile

4705 E Carefree Hwy Cave Creek, AZ 85331

FOR LEASE
Strip malls
Property ID
US07-1585238
18,816 SF 1.88 ac lot Built 2007
Last sale Dec 2017 · $6,120,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$54k
Tax billed · 2023
Assessed value · 2024$1.34M
Effective rate4.05%

Value estimate

· Sep 2026
$5.03M
$4.52M – $5.53M
CAP approach$4.87M
Submarket $/SF estimate$5.15M
NOI build-up
Gross scheduled income$70k
Vacancy & credit loss−$4k
Operating expenses−$20k
NOI · 291,725.00% cap applied$47k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$148/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$26 – $274
Qualifying comparables6

Cap rate analysis

How does the asset earn?
291,725.00%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.2
Realty agency14.9
Spa & Massage14.2

Location

4705 E Carefree Hwy Cave Creek, AZ 85331
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7038 Cave Crk, Cave Creek, AZ 85331 $515,000 Dec 2025 11,700 SF
7134 Cave Crk, Cave Creek, AZ 85331 $2,000,000 Aug 2025 9,600 SF
30845 Cave Crk, Cave Creek, AZ 85331-2915 $11,150,000 Mar 2025 21,976 SF
5355 Carefree, Cave Creek, AZ 85331-1004 $5,840,000 Jul 2024 10,310 SF
4730 Lone Mtn, Cave Creek, AZ 85331-5535 $6,518,437 Mar 2023 23,448 SF
29605 Cave Crk, Cave Creek, AZ 85331-2359 $512,973 Aug 2021 10,990 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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