21043 Cave Crk Rd Phoenix, AZ 85024-5512
Property Lookup
Property profile & analytics
21043 Cave Crk Rd Phoenix, AZ 85024-5512
- Strip malls
- 40,713 SF
- 1.06 lot acres
Property ID
US07-3479673
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
- Brian Stevens - State Farm Insurance Agent / Insurance Agency
- Quiznos / Take-out & Catering
- Fancy Nails / Nail Salon
- Azco Properties LLC / Real Estate Agency
- Moonstone & Muro Hair Salon / Hair Salon
Property Details for 21043 Cave Crk Rd
- Year built
- 2002
- Construction
- CONCRETE
- Lot size
- 1.06 lot acres
- Property size
- 40,713 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 213-10-025
- APU
- 21310025
Description
This exceptional 41,000 square foot Class B medical retail center, built in 2000 and renovated in 2015, presents a unique investment opportunity in Maricopa County. Situated on a 5-acre lot with convenient access to Loop 101, the property boasts 18 suites, offering flexible space options ranging from a minimum of 1,340 square feet to a maximum contiguous space of 5,257 square feet. Currently, 6,597 square feet are available for lease, providing immediate occupancy potential for multiple tenants. The center benefits from ample parking with 40 spaces and prominent monument signage, ensuring high visibility and attracting a substantial customer base. The location is strategically positioned on Cave Creek Road, near Phoenix, Arizona, within a thriving area characterized by high average household incomes exceeding $75,000 within a 3-mile radius. This prime location, combined with the presence of established national and local tenants, creates a robust and attractive environment for new businesses. The property's blend of established tenancy and available space offers a compelling opportunity for growth and expansion within a dynamic market. The single building structure provides efficient management and streamlined operations.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,225,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,115,000
- 6.5%
- $9,335,000
- 7%
- $8,670,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,968,000
- AI Estimate
- $10,861,000
Market price range: $4.77M - $18.7MMarket price range: $4.40M - $16.7M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $10,365,000 Current use
- OFFICE BUILDING
- $12,220,000 Change: +18% Conversion: Moderate
- RETAIL STORES
- $12,130,000 Change: +17% Conversion: Easy
- MEDICAL BUILDING
- $10,805,000 Change: +4% Conversion: Difficult
- WAREHOUSE, STORAGE
- $10,565,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.03
- Latitude
- 33.679
- 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
$69,225
$0.00
$0.00
$1,440,714
-
$1,746,300
$6,985,300
$8,731,600
