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Property profile & analytics
FOR LEASE
Strip malls
28325 N Tatum Blvd Cave Creek, AZ 85331
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-1057218
For Lease
1 / 4
$3,285,000
28325 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
15,660 SF
Lot
1.83 ac (79,913 SF)
Zoning code
C-1
APN
211-42-985
UPID
US07-1057218
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
-
Rosati's Pizza Restaurant
-
3 Regions Vietnamese Kitchen Restaurant
-
Tatum Nails & Spa Nail Salon
-
Farmers Insurance - James Irvin Insurance Agency
-
Farmers Insurance - Billy Crump Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.29M
Owner & transaction history
Bengin LLC · 11 yrs held
Bengin LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-1 · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.3M
+128.0%
Medical building
$4.0M
+72.6%
Office building
$3.7M
+62.1%
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
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
NEIGHBORHOOD: SHOPPING CENTER
$2,310,000
Current use
RETAIL STORES
$5,270,000
Change: +128% · Conversion: Easy
MEDICAL BUILDING
$3,985,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$3,745,000
Change: +62% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,595,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±10%
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
$210 / 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
$23,678
Tax year 2023
Assessed value
$495,098
Assessed 2024
Previous assessed
$472,719
+4.7% YoY
Effective rate
4.78%
On assessed value
Land market value
$917,100
Improvement market value
$2,083,495
Total market value
$3,000,595
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
15,660 SF
Lot
1.83 ac (79,913 SF)
Zoning code
C-1
APN
211-42-985
UPID
US07-1057218
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Cave Creek, AZ
Zoning 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
Cave Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.3M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1.83 ac
Current owner
From public records · entity-resolved
Bengin LLC
Entity
Mailing address
14861 N SCOTTSDALE RD STE #105, SCOTTSDALE, AZ 85254-2788
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2014
$2,650,000
Bengin LLC
Swiss Investments LLC
Grant Deed
$1,659,950 · Desert Schools FCU
Oct 20, 2014
—
Swiss Investments LLC
Swiss Investments LLC
Quit Claim Deed
related
—
Jun 7, 2013
—
Swiss Investment LLC
Tatum Dynamite I LLC
Grant Deed
related
—
Jan 30, 2008
$880,000
Tatum Dynamite I LLC
All American Dev Corp
Grant Deed
$5,480,000 · Column Financial INC
Jan 30, 2008
$5,496,610
Tatum Dynamite I LLC
Dynamite & Tatum LLC
Grant Deed
—
Aug 11, 2005
$677,436
Dynamite & Tatum LLC
All American Dev Corp
Grant Deed
—
Jul 20, 2005
$677,436
All American Dev Corp
Dynamite & Tatum LLC
Grant Deed
—
—
—
Dynamite & Tatum LLC
—
Deed Of Trust
related
$150,000 · First National Bank Nevada
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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