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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Warehouses
15439 Cave Crk Rd, Phoenix, AZ 85032-3618
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-2641770
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.6 ac (26,310 SF)
Zoning code
C-C
APN
214-40-007E
UPID
US07-2641770
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
-
Deanna Spiesman Auto Repair Shop
-
Smart Automotive Auto Repair Shop
-
Simply Sunshine Supply Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.46M
Owner & transaction history
Rio Arizona Holdings LLC · 12 yrs held
Rio Arizona Holdings LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+62.8%
Office building
$1.5M
+16.5%
Retail stores
$1.4M
+8.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,300,000
Current use
AUTO REPAIR, GARAGE
$2,115,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$1,510,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$1,405,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$1,325,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,275,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10%
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
$292 / 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
$7,906
Tax year 2023
Assessed value
$124,080
Assessed 2024
Previous assessed
$91,120
+36.2% YoY
Effective rate
6.37%
On assessed value
Land market value
$283,800
Improvement market value
$468,200
Total market value
$752,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.6 ac (26,310 SF)
Zoning code
C-C
APN
214-40-007E
UPID
US07-2641770
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1998
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Rio Arizona Holdings LLC
Entity
Mailing address
8711 E PINNACLE PEAK RD, SCOTTSDALE, AZ 85255-3517
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2014
—
Rio Arizona Holdings LLC
Shaw,norman D
Grant Deed
—
Jul 23, 2013
—
Rio Arizona Holdings LLC
Shaw,norman D
Grant Deed
related
—
Jul 29, 2008
$675,000
Norman D Shaw
Odebolt LLC
Grant Deed
—
Mar 3, 2003
—
Odebolt LLC
Broich,barbara A
Quit Claim Deed
related
—
Jul 23, 2002
$560,000
Barbara A Broich
Alter,jon T
Grant Deed
$168,376 · Jon T Alter
Jun 28, 1999
$320,000
Jon T Altar
Davis,matthew W
Grant Deed
$220,000 · Seller
Oct 7, 1998
—
Matt Davis
Davis,stacie D & Matt
Quit Claim Deed
related
—
Aug 29, 1997
$145,000
Matt Davis
Louis Bustillo
Grant Deed
$115,000 · Seller
—
—
Barbara A Broich
—
Deed Of Trust
related
$180,000 · American Savings Life Ins
—
—
Jon T Alter
—
Deed Of Trust
related
$35,000 · Tim Hammer
—
—
John T Alter
—
Deed Of Trust
related
$224,000 · Bank One NA
—
—
Odebolt LLC
—
Deed Of Trust
related
$375,000 · Copper Star Bank
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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