Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29660 Tatum Blvd Cave Creek, AZ 85331-3350

    • Drug stores
    • 13,792 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimations
    $6,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0160694
    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

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Mrs. Jessica Majcherek / Physician
    • Mrs. Katherine Willett Goehring / Physician
    • Walgreens Pharmacy / Pharmacy
    • Walgreens / Pharmacy

    Property Details for 29660 Tatum Blvd

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    1.98 lot acres
    Property size
    13,792 SF
    Zone code
    C-2
    Property type
    Drug stores
    APN
    211-38-006A
    APU
    21138006A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,189,000
      Market price range: $1.86M - $8.64M
      AI Estimate
      $6,054,000
      Market price range: $1.79M - $8.46M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,640,000
      Current use
      RESTAURANT
      $7,865,000
      Change: +69% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,125,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cave Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.99
    Latitude
    33.7549
    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
    $33,584
    $0.00
    $0.00
    $645,037
    -
    $1,758,800
    $2,150,516
    $3,909,316

    Comparable in this City

    • Value Estimation
      $7,725,000
      14,188 SF

      5400 Carefree Hwy

      DRUG STORE, PHARMACY • 14,188 SF
      5400 Carefree Hwy, Cave Creek, AZ 85331-9061
      View Details
    • Value Estimation
      $5,565,000
      14,188 SF

      28138 Tatum Blvd

      DRUG STORE, PHARMACY • 14,188 SF
      28138 Tatum Blvd, Cave Creek, AZ 85331-6303
      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
      $4,880,000
      13,413 SF

      6535 Cave Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,413 SF
      6535 Cave Crk Rd, Cave Creek, AZ 85331-2879
      View Details
    • Value Estimation
      $2,800,000
      14,924 SF

      5736 Rancho Manana Blvd

      GYM, HEALTH SPA • 14,924 SF
      5736 Rancho Manana Blvd, Cave Creek, AZ 85331-8513
      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

    Similar Nearby for Sale

    • 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
      View Details
    • Contact for pricing

      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
    • $599,000
      4.99 Acres

      Cave Creek Land with Views

      4.99 acre property with panoramic views in Cave Creek.
      41811 N 72Nd St, Cave Creek, AZ 85331
      View Details
    • $500,000
      8.42 Acres

      Cave Creek Land Opportunity

      8.42 acres of land in Cave Creek, Arizona.
      E Cahava Ranch Rd, Cave Creek, AZ 85331
      View Details
    • $2,000,000
      14.60 Acres

      Cave Creek Land For Sale

      Luxury land in Cave Creek with mountain views.
      66XX E Morning Star Blk 4 Rd, Cave Creek, AZ 85331
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,200 SF

      Retail Space on Carefree Highway

      Retail space with high visibility, delivery estimated first quarter 2026.
      Carefree Hwy, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      1,401 SF

      Retail Space in Cave Creek

      Retail space available in high-end retail center.
      28325 N Tatum Blvd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      27,360 SF

      Tatum Plaza Retail Space Available

      Phoenix Retail Shop, 2,100 SF Available
      0 Sec Cave Crk Rd & Tatum Blvd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      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 85331
      View Details
    • 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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29660 Tatum Blvd
    Cave Creek, AZ 85331-3350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!