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Property profile & analytics
FOR LEASE
Strip malls
28255 N Tatum Blvd Cave Creek, AZ 85331
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0666394
For Lease
1 / 2
Contact for pricing
28255 N Tatum Blvd, Cave Creek, AZ 85331
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
STEEL FRAME
Total area
9,114 SF
Lot
0.96 ac (42,022 SF)
Zoning code
C-1
APN
211-42-984A
UPID
US07-0666394
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
-
Mugsy's Barber Shop Barber Shop
-
Smallcakes Cave Creek Bakery Specialty Food Shop
-
Classic Dental: Hashemian Tony S DDS Dental Office
-
AZ Family Dental - North Dental Office
-
Fatburger & Buffalo's Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$2.64M
Owner & transaction history
Alan Risch · 3 yrs held
Alan Risch
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
C-1 · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+201.0%
Retail stores
$3.1M
+128.0%
Medical building
$2.3M
+72.6%
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 Cave Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cave Creek 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
$2,975,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,555,000
6.5%
$2,360,000
7%
$2,190,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,045,000
Change: +201% · Conversion: Difficult
RETAIL STORES
$3,065,000
Change: +128% · Conversion: Easy
MEDICAL BUILDING
$2,320,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$2,180,000
Change: +62% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,090,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $3.25M (Dec 21 2022)
Last sale anchor
$3.25M
Dec 21 2022
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
$290 / 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
$14,110
Tax year 2023
Assessed value
$302,701
Assessed 2024
Previous assessed
$250,053
+21.1% YoY
Effective rate
4.66%
On assessed value
Land market value
$519,500
Improvement market value
$1,315,049
Total market value
$1,834,549
Applied tax rate
931,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
9,114 SF
Lot
0.96 ac (42,022 SF)
Zoning code
C-1
APN
211-42-984A
UPID
US07-0666394
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Cave Creek, AZZoning C-1 · permitted uses
C-1 · Cave Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.0M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Alan Risch
Individual
Mailing address
2950 NEILSON WAY UNIT #601, SANTA MONICA, CA 90405-5364
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
$3,250,000
Alan Risch
Alpha Dog Venture Group LLC
Special Warranty Deed
$750,000 · Desert Financial Cu
Sep 13, 2018
$2,800,000
Alpha Dog Venture Group LLC
Cave Creek Shoppers Mall L
Grant Deed
—
Dec 10, 2014
$1,900,000
Cave Creek Shoppers Mall Ll
Pwdaf Tatum & Dynamite LLC
Grant Deed
$1,235,000 · Miscellaneous Ins Co
Dec 10, 2014
—
Pwdaf Tatum & Dynamite LLC
Fnbn Dynamite & Tatum LLC
Grant Deed
related
—
Jan 4, 2011
$1,250,000
Pwdaf Tatum & Dynamite LLC
Fnbn Dynamite & Tatum LLC
Grant Deed
—
Nov 24, 2010
$750,000
Fnbn Dynamite & Tatum LLC
Williams,craig K
Trustees Deed
—
Jul 12, 2006
—
Dynamite & Tatum II LLC
—
Trustees Deed
related
$2,600,000 · First National Bank Nevada
Sep 2, 2005
$700,000
Dynamite & Tatum II LLC
Armstrong Dynamite Tatum LLC
Special Warranty Deed
$455,000 · First National Bank Of Nevada
—
—
Dynamite & Tatum II LLC
—
Deed Of Trust
related
$400,000 · First National Bank Nevada
—
—
Pwdaf 48th Street
—
Deed Of Trust
related
$3,150,000 · Meridian 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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