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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29209 56th St Cave Creek, AZ 85331-6499

    • Day care centers
    • 4,841 SF
    • 2.08 lot acres
    OFF-MARKET
    Value Estimations
    $1,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1157684
    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.

    Current Use by Public Records

    • Cave Creek Montessori School / Kindergarten / Day Care Center
    • i9 Sports Playing Field / School

    Property Details for 29209 56th St

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    2.08 lot acres
    Property size
    4,841 SF
    Zone code
    RU-43
    Property type
    Day care centers
    APN
    211-44-079A
    APU
    21144079A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,645,000
      Market price range: $808k - $1.95M
      AI Estimate
      $1,607,000
      Market price range: $726k - $1.93M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $1,355,000
      Current use
      AUTO REPAIR, GARAGE
      $2,150,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $1,630,000
      Change: +20% Conversion: Difficult
      MEDICAL BUILDING
      $1,235,000
      Change: -9% Conversion: Difficult
      OFFICE BUILDING
      $1,160,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cave Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.96
    Latitude
    33.7506
    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
    2022
    $1,981
    $0.00
    $0.00
    $152,903
    -
    $883,900
    $645,126
    $1,529,026

    Comparable in this City

    • Value Estimation
      $3,275,000
      8,230 SF

      4060 Peak Vw Rd

      DAY CARE, PRE-SCHOOL • 8,230 SF
      4060 Peak Vw Rd, Cave Creek, AZ 85331-6212
      View Details
    • Value Estimation
      $815,000
      2,744 SF

      38246 Hazelwood Cir

      DAY CARE, PRE-SCHOOL • 2,744 SF
      38246 Hazelwood Cir, Cave Creek, AZ 85331-9574
      View Details
    • Value Estimation
      $1,490,000
      3,680 SF

      33212 56th St

      DAY CARE, PRE-SCHOOL • 3,680 SF
      33212 56th St, Cave Creek, AZ 85331-5192
      View Details
    • Value Estimation by Request
      27,015 SF

      4710 Lone Mtn Rd

      DAY CARE, PRE-SCHOOL • 27,015 SF
      4710 Lone Mtn Rd, Cave Creek, AZ 85331-5532
      View Details
    • Value Estimation
      $1,650,000
      11,200 SF

      4747 Dynamite Blvd

      DAY CARE, PRE-SCHOOL • 11,200 SF
      4747 Dynamite Blvd, Cave Creek, AZ 85331-6214
      View Details
    • Value Estimation
      $10,115,000
      3,168 SF

      6272 Cave Crk Rd

      CHARITABLE ORGANIZATION • 3,168 SF
      6272 Cave Crk Rd, Cave Creek, AZ 85331
      View Details

    Similar Nearby for Sale

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      140,393 SF

      Operating Plant Nursery For Sale

      Plant nursery on 140,393 SF lot available for purchase.
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      Prime Cave Creek land, auction opportunity.
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    Similar Nearby for Lease

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      38,925 SF

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      Prime Retail Space, 850 Acres
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    • $29 SF/Yr
      13,813 SF

      Retail Building with Drive-Thru

      Retail property in Cave Creek, Arizona, with existing drive-thru.
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      View Details
    • Contact for pricing
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      Retail Space in Growing Community

      Retail spaces available in Ace Hardware anchored shopping center.
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    • Contact for pricing
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      Retail Space in Tatum Ranch

      Retail space in affluent Tatum Ranch area for lease.
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    • Contact for pricing
      1,934 SF

      Retail Space in Cave Creek

      Retail spaces available in an Ace Hardware anchored shopping center.
      28260 N Tatum Blvd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Growing Community

      Retail space available in a high-traffic shopping center.
      29445 N Cave Creek Rd, Cave Creek, AZ 85331
      View Details
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    Cave Creek, AZ 85331-6499
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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