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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Grocery and convenience stores
12201 Cave Crk Rd Phoenix, AZ 85022-5828
Entity Owned
Free & Clear
Property ID
US07-3395999
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Construction
STEEL FRAME
Total area
2,600 SF
Lot
0.46 ac (19,907 SF)
Zoning code
C-2
APN
166-14-037A
UPID
US07-3395999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Circle K Grocery & Convenience Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.23M
Owner & transaction history
Circle Cave LLC
Circle Cave LLC
since 2026
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+173.6%
Auto repair, garage
$1.1M
+66.0%
Office building
$780,000
+17.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,645,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,810,000
Change: +174% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,100,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$775,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.25M (Nov 2 2020)
Last sale anchor
$1.25M
Nov 2 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$473 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,040
Tax year 2022
Assessed value
$111,437
Assessed 2024
Previous assessed
$93,466
+19.2% YoY
Effective rate
6.32%
On assessed value
Land market value
$384,500
Improvement market value
$290,876
Total market value
$675,376
Applied tax rate
691,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,600 SF
Lot
0.46 ac (19,907 SF)
Zoning code
C-2
APN
166-14-037A
UPID
US07-3395999
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$775,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Circle Cave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
221 PNE ST, SAN FRANCISCO, CA 94104-2705
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
$1,388,050
Circle Cave LLC
Skyline Principal Investors II LLC
Special Warranty Deed
—
Nov 2, 2020
$1,252,000
Skyline Principle Investors
Steven M Aaronson
Grant Deed
$813,800 · Trustone Fin'l FCU
Apr 4, 2006
$895,000
Aaronson Steven
Levinson Family Trust
Warranty Deed
$750,000 · La Jolla Bank
Aug 19, 2004
$825,000
Levinson Trust
Dbncf Circle LLC
Grant Deed
—
Mar 31, 2004
$630,000
Dbncf Circle LLC
Circle K Stores INC
Grant Deed
related
—
Oct 9, 2003
$660,870
Circle K Stores INC
Cs Funding Associates-1987
Grant Deed
—
May 7, 1987
$400,000
C. S. Funding Ass
Circl
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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