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    Property profile & analytics
    OFF-MARKET Estimated value $8,935,000
    Strip malls

    21043 Cave Crk Rd, Phoenix, AZ 85024-5512

    40,713 SF 1.06 ac lot Built 2002
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US07-3479673
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2002
    Construction CONCRETE
    Total area 40,713 SF
    Lot 1.06 ac (46,025 SF)
    Zoning code C-2
    APN 213-10-025
    UPID US07-3479673
    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
    • 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $9.34M
    Comparable Approach Comparable
    $11.97M
    Blend (final) Blend
    $8.94M
    Owner & transaction history
    Lunar Cre LLC · 1 yrs held
    Lunar Cre LLC
    since 2025
    Last sale
    $7.1M
    7 recorded transactions
    2025
    $7.1M
    2022
    2021
    $6.0M
    2018
    2013
    $5.6M
    2009
    2006
    $8.5M
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $12.2M +17.9%
    Retail stores $12.1M +17.1%
    Medical building $10.8M +4.3%
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