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Property profile & analytics
FOR SALE
Day care centers
15046 N Cave Creek Rd, Phoenix, AZ 85032
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1384716
For Sale
1 / 2
$595,000
15046 N Cave Creek Rd, Phoenix, AZ 85032
View Listing →
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1978
Construction
CONCRETE
Total area
2,400 SF
Lot
0.21 ac (9,000 SF)
Zoning code
C-C
APN
214-52-020
UPID
US07-1384716
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$575k
Owner & transaction history
Jerry L Runyon · 1 yrs held
Jerry L Runyon
since 2024
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$725,000
+5.2%
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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$690,000
Current use
OFFICE BUILDING
$725,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$675,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Oct 16 2024)
Last sale anchor
$575k
Oct 16 2024
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
$240 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,452
Tax year 2023
Assessed value
$51,765
Assessed 2024
Previous assessed
$51,765
+0.0% YoY
Effective rate
8.60%
On assessed value
Land market value
$110,000
Improvement market value
$203,725
Total market value
$313,725
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Sale
Year built
1978
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,400 SF
Lot
0.21 ac (9,000 SF)
Zoning code
C-C
APN
214-52-020
UPID
US07-1384716
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZ
Zoning C-C · permitted uses
C-C · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$690,000
OFFICE BUILDING
Est. value
$725,000
RETAIL STORES
Est. value
$675,000
MEDICAL BUILDING
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Jerry L Runyon
Individual
Free & Clear · 1 yrs held
Mailing address
4211 W WALTANN LN, PHOENIX, AZ 85053-3771
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
$575,000
Jerry L Runyon
Copper State Rental Properties LLC
Special Warranty Deed
—
Oct 16, 2024
—
Jerry L Runyon
Lilia Runyon
Intrafamily Transfer
related
$500,000 · Bank Of America NA
Jan 8, 2016
$180,000
Copper St Rental Props LLC
Romey,richard
Warranty Deed
—
Jan 8, 2016
—
Richard Romey
Emh Property Holdings LLC
Warranty Deed
—
Apr 21, 2011
$150,000
Emh Property Holdings LLC
Carolyns Interior Psp Of Trust
Grant Deed
$135,000 · Carolyn's Interior Psp/tr (ct)
Apr 21, 2011
—
Toyman INC Psp Of Trust
Toycar Ents LLC
Grant Deed
—
Sep 15, 2010
—
Carolyns Interiors Ltd Psp Of Trust
Toycar Ents LLC
Quit Claim Deed
related
—
Mar 3, 2010
$306,919
Toycar Ents LLC
Kaplan Morris A
Trustees Deed
related
—
Aug 1, 2008
—
Barajas Family LLC
Barajas,imelda B
Quit Claim Deed
related
—
Jul 27, 2006
$385,000
Imelda B Barajas
Foland Investments LLC
Warranty Deed
$269,500 · Toycar Ents LLC
Apr 6, 2004
—
Foland Investments LLC
Were Just Babies LLC
Quit Claim Deed
related
—
Jan 21, 2003
$254,000
Were Just Babies LLC
Flanagan,kevin & Rose
Grant Deed
$234,000 · Comerica Bank California
Aug 1, 1988
$192,000
Flanagan Kevin
Floch
Grant Deed
$165,000
—
—
Kevin Flanagan
—
Deed Of Trust
related
$165,000 · National Bank Arizona
—
—
Imeldia B Barajas
—
Deed Of Trust
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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