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    29455 N Cave Creek Rd Cave Creek, AZ 85331
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    29455 N Cave Creek Rd Cave Creek, AZ 85331

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    • Grocery and convenience stores
    • 65,728 SF
    • 12.07 lot acres
    For Lease
    $22,110,000
    View Listing →
    Retail Space in Cave Creek For Lease
    $22,110,000
    3,532 SF

    Retail Space in Cave Creek

    Retail space available in a dominant neighborhood retail development.

    29455 N Cave Creek Rd, Cave Creek, AZ
    View Listing
    Property ID
    US07-0956939
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • James Lynch Drywall / Hardware & Home Improvement / Interior Design
    • Flat Line Grading & Paving LLC / General Contractor / Construction Company
    • Premier Event Resources / Marketing & Advertising / Event Planning
    • Babbo Italian Eatery / Restaurant
    • Papa Murphy's | Take 'N' Bake Pizza / Restaurant

    Property Details for 29455 N Cave Creek Rd

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    12.07 lot acres
    Property size
    65,728 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    211-38-182
    APU
    21138182

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,352,000
      Market price range: $8.85M - $41.2M
      AI Estimate
      $21,864,000
      Market price range: $8.55M - $40.3M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $22,110,000
      Current use
      AUTO REPAIR, GARAGE
      $29,185,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cave Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.991
    Latitude
    33.7524
    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
    2023
    $134,457
    $0.00
    $0.00
    $2,329,619
    -
    $4,804,400
    $9,314,500
    $14,118,900

    Comparable in this City

    • Value Estimation by Request

      41901 Old Mine Rd

      Restaurants
      41901 Old Mine Rd, Cave Creek, AZ 85331
      View Details
    • Value Estimation
      $3,120,000
      3,780 SF

      5439 Carefree Hwy

      CONVENIENCE STORE • 3,780 SF
      5439 Carefree Hwy, Cave Creek, AZ 85331-5284
      View Details
    • Value Estimation
      $10,250,000
      29,900 SF

      5355 Carefree Hwy

      GROCERY, SUPERMARKET • 29,900 SF
      5355 Carefree Hwy, Cave Creek, AZ 85331-1004
      View Details
    • Value Estimation
      $3,115,000
      3,874 SF

      4740 Dynamite Blvd

      CONVENIENCE STORE • 3,874 SF
      4740 Dynamite Blvd, Cave Creek, AZ 85331-6243
      View Details
    • Value Estimation
      $2,455,000
      2,976 SF

      4815 Carefree Hwy, Unit 1

      CONVENIENCE STORE • 2,976 SF
      4815 Carefree Hwy, Cave Creek, AZ 85331-4717
      View Details
    • Value Estimation
      $1,030,000
      2,425 SF

      6210 Cave Crk Rd

      CONVENIENCE STORE • 2,425 SF
      6210 Cave Crk Rd, Cave Creek, AZ 85331-8567
      View Details

    Similar Nearby for Sale

    • $2,200,000
      2,425 SF

      Cave Creek Gas Station Opportunity

      Gas station/convenience store on 0.41 acres with strong visibility.
      6210 E Cave Creek Rd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      8,950 SF

      Cave Creek Retail Opportunity

      Retail pad site or buildable shops in Cave Creek.
      48Th St, Cave Creek, AZ 85331
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      Turn Key Restaurant Opportunity

      Restaurant for sale or lease along Black Mountain Parkway.
      34406 N Black Mountain Pkwy, Cave Creek, AZ 85331
      View Details
    • $7,800,000
      7,000 SF

      Restaurant/Bar on 9+ Acres

      Restaurant/bar with liquor license and remodel plans on 9+ acres.
      6705 E Cave Creek Rd, Cave Creek, AZ 85331
      View Details
    • $3,800,000
      7,200 SF

      Cave Creek Retail Center

      Retail center located in downtown Cave Creek.
      6061 E Cave Creek Rd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing

      Land Available in Cave Creek

      Land for sale east of School House and Fleming Springs.
      E Fleming Springs Rd, Cave Creek, AZ 85331
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,807 SF

      Retail Space in Cave Creek

      Retail spaces available in an Ace Hardware anchored center.
      28212-28220 N Tatum Blvd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      1,174 SF

      Retail Space in Tatum Ranch

      Retail space in affluent Tatum Ranch area for lease.
      30815-30853 N Cave Creek Rd, Cave Creek, AZ 85331
      View Details
    • $29 SF/Yr
      13,813 SF

      Retail Building with Drive-Thru

      Retail property in Cave Creek, Arizona, with existing drive-thru.
      5400 E Carefree Hwy, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      1,516 SF

      Retail Space in Growing Community

      Retail spaces available in Ace Hardware anchored shopping center.
      28242 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
    • 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
    View Listing
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    Cave Creek, AZ 85331
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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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