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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
22 Easy St Carefree, AZ 85377-4494
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2659675
Property summary
AI-generated overview
This exceptional Carefree, Arizona storefront presents a unique investment opportunity. The 5,967 square foot, two-story building, located at 22 Easy St, boasts a Class B rating and is currently 100% occupied by Wild Holly Gallery under a NNN lease expiring August 31, 2025. The lease commenced September 1, 2024, with a one-year term and no options. The property features a strong Net Operating Income (NOI) of $96,000, yielding a 7.25% cap rate. Renovated in 2016, the building sits on a fee-simple lot with Commercial zoning, allowing for diverse uses including retail, restaurant, residential, and hospitality. The seller will lease back the property for 8-12 months post-closing, providing immediate income. The asking price is $1,325,000, significantly below replacement cost, offering substantial potential for appreciation given the property's historical significance and prime location in the desirable Town of Carefree (Maricopa County, AZ, zip code 85377). The APN is 216-83-007. This is a single-tenant property with a sale/leaseback investment structure.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
CONCRETE
Total area
3,696 SF
Lot
0.1 ac (4,464 SF)
Zoning code
C-C
APN
216-83-007
UPID
US07-2659675
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
-
Wild Holly Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$960k
Blend (final)
Blend
$1.13M
Owner & transaction history
Foothills Animal Rescue INC · 1 yrs held
Foothills Animal Rescue INC
since 2025
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
C-C · Carefree, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
APPENDIX A ZONING CODE
Top alternative use upside
Auto repair, garage
$1.6M
+32.0%
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 Carefree submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carefree 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
RETAIL STORES
$1,245,000
Current use
AUTO REPAIR, GARAGE
$1,640,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,165,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.30M (Feb 23 2025)
Last sale anchor
$1.30M
Feb 23 2025
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
$304 / 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
$3,587
Tax year 2023
Assessed value
$100,092
Assessed 2024
Previous assessed
$100,092
+0.0% YoY
Effective rate
3.58%
On assessed value
Land market value
$92,800
Improvement market value
$513,816
Total market value
$606,616
Applied tax rate
932,100.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
2
Units
3
Total area
3,696 SF
Lot
0.1 ac (4,464 SF)
Zoning code
C-C
APN
216-83-007
UPID
US07-2659675
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Carefree, AZZoning C-C · permitted uses
C-C · Carefree, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
APPENDIX A ZONING CODE
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Foothills Animal Rescue INC
Entity
Mailing address
38844 N SPUR CROSS RD, CAVE CREEK, AZ 85331-8505
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
$1,300,000
Foothills Animal Rescue INC
Teeter Totter Properties LLC
Warranty Deed
$1,040,000 · Bank Of America NA
Mar 21, 2006
—
Bradbury George L III & Mary A Tr
Bradbury George L Trust
Quit Claim Deed
related
—
Mar 21, 2006
$900,000
Teeter Totter Properties LLC
George L Bradbury III
Warranty Deed
$720,000 · National Bank Of Arizona
Jul 27, 2000
—
George L Bradbury Trustee
Bradbury,george L & Mary A
Quit Claim Deed
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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