18409 Cave Crk Rd Phoenix, AZ 85032-1018
Property profile & analytics
18409 Cave Crk Rd Phoenix, AZ 85032-1018
- Strip malls
- 3,674 SF
- 0.49 lot acres
Property ID
US07-0884794
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.
Location Intelligence
Current Use by Public Records
- Kings barbershop / Barber Shop
- All West Sedans / Courier Service
- Pepper Ridge Plaza / Shopping Center & Mall
- ZAZU Sandwiches & Salads / Bakery / Specialty Food Shop
- Nies Insurance / Insurance Agency
Property Details for 18409 Cave Crk Rd
- Year built
- 1998
- Construction
- CONCRETE
- Lot size
- 0.49 lot acres
- Property size
- 3,674 SF
- Zone code
- PSC
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 214-06-678A
- APU
- 21406678A
Description
This thriving Mediterranean restaurant, located in a major North Phoenix shopping center at 18409 N Cave Creek Rd, Phoenix, AZ 85032, presents a unique investment opportunity. The 1,350 square foot, single-story building, constructed in 1998 and renovated in 2022, sits on a parcel with 30 parking spaces and is zoned PSC. The business, currently operating under a NNN lease (commencing August 1, 2022, and expiring July 31, 2025, with three 3-year options), boasts a strong NOI of $60,000, yielding a compelling 35.50% cap rate. Last year's sales totaled approximately $190,000, with the current owners operating with limited hours (11 am to 7 pm, closed Sundays) and taking home $5,000-$6,000 monthly. Significant upside potential exists through extended hours, menu expansion, and targeted marketing. The asking price is $169,000. This is a fantastic opportunity for an owner-operator seeking a profitable, established business with room for substantial growth. The property features one unit within a multi-tenant building. The Maricopa County property (APN: 214-06-678-A) offers a turnkey operation ready for a new owner to take it to the next level.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.03
- Latitude
- 33.6531
- 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
$7,626
$0.00
$0.00
$105,386
-
$233,700
$405,000
$638,700
