Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Grocery and convenience stores
29816 Tatum Blvd Cave Creek, AZ 85331-5865
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-0111825
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Construction
CONCRETE
Total area
3,323 SF
Lot
0.99 ac (43,342 SF)
Zoning code
C-2
APN
211-62-003J
UPID
US07-0111825
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
-
Circle K Grocery & Convenience Store
-
Amazon Hub Locker - Fauna Postal Service Courier Service
-
Bitcoin Depot ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.66M
Owner & transaction history
Goodell Properties LLC · 9 yrs held
Goodell Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-2 · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+444.0%
Auto repair, garage
$1.5M
+201.0%
Retail stores
$1.1M
+128.0%
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
COMMERCIAL (GENERAL)
$2,665,000
Change: +444% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,475,000
Change: +201% · Conversion: Difficult
RETAIL STORES
$1,120,000
Change: +128% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$500 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,299
Tax year 2022
Assessed value
$182,606
Assessed 2024
Previous assessed
$149,413
+22.2% YoY
Effective rate
5.09%
On assessed value
Land market value
$550,100
Improvement market value
$556,600
Total market value
$1,106,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
3,323 SF
Lot
0.99 ac (43,342 SF)
Zoning code
C-2
APN
211-62-003J
UPID
US07-0111825
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Cave Creek, AZ
Zoning C-2 · permitted uses
C-2 · 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
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1991
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Goodell Properties LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2140 VIA MAR VALLE, DEL MAR, CA 92014-3627
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2016
—
Goodell Properties LLC
Goodell Family Trust
Quit Claim Deed
—
Jul 8, 2016
—
Goodell Family Trust
Goodell,douglas & Stuart
Quit Claim Deed
related
—
Mar 4, 2016
—
Douglas Goodell
Goodell D E & S L Trust A
Quit Claim Deed
related
—
Aug 23, 2011
—
Goodell D E & S L Family Trust A
Goodell D E & S Family Trust
Quit Claim Deed
related
—
Jun 9, 2011
—
Donald E Goodell
Goodell,shirley L
Affidavit Of Death
related
—
Jul 22, 2004
$1,500,000
Donald E Goodell
Dbncf Circle LLC
Grant Deed
—
Mar 31, 2004
$1,090,000
Dbncf Circle LLC
Circle K Stores INC
Grant Deed
related
—
Jun 16, 1994
—
Circle K Properties INC
Kwik Stop LP
Grant Deed
related
—
Jun 15, 1994
$1,218,750
Circle K Properties INC
Kwik Stop Ltd Pt
Trustees Deed
—
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?”
You own 29816 Tatum Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
