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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Strip malls
29850 Tatum Blvd Cave Creek, AZ 85331-5867
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-3402522
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
CONCRETE
Total area
19,000 SF
Lot
1.97 ac (85,813 SF)
Zoning code
PCD
APN
211-62-997C
UPID
US07-3402522
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
-
Tatum Ranch Alterations & Tailoring (Bike/Boat/Book/etc) Store
-
Samera's Salon Hair Salon
-
Glad Nails Nail Salon
-
Amazon Hub Counter - CBD Emporium Postal Service Courier Service
-
M Y Asian Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.32M
Blend (final)
Blend
$4.33M
Owner & transaction history
Byrds Mobile Home Park LLC · 10 yrs held
Byrds Mobile Home Park LLC
since 2015
4 recorded transactions
Zoning & alternative use
PCD · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.4M
+128.0%
Medical building
$4.8M
+72.6%
Office building
$4.5M
+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
$2,805,000
Current use
RETAIL STORES
$6,390,000
Change: +128% · Conversion: Easy
MEDICAL BUILDING
$4,840,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$4,545,000
Change: +62% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,360,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±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
$228 / 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
$31,495
Tax year 2023
Assessed value
$652,278
Assessed 2024
Previous assessed
$544,595
+19.8% YoY
Effective rate
4.83%
On assessed value
Land market value
$961,300
Improvement market value
$2,991,900
Total market value
$3,953,200
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
Off-Market
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
19,000 SF
Lot
1.97 ac (85,813 SF)
Zoning code
PCD
APN
211-62-997C
UPID
US07-3402522
Jurisdiction
MARICOPA
Zoning & alternative use
PCD · Cave Creek, AZZoning PCD · permitted uses
PCD · Cave Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.8M
RETAIL STORES
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Byrds Mobile Home Park LLC
Entity
Mailing address
PO BOX 25414, SCOTTSDALE, AZ 85255-0106
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2015
$3,800,000
Byrds Mobile Home Park LLC
Hanley Properties II LLC
Special Warranty Deed
$2,999,026 · First State Bank
Oct 22, 2015
—
Hanley Properties II LLC
We Tatum LLC
Grant Deed
related
—
Aug 25, 2004
$5,500,000
Hanley Properties LLC II
We Tatum LLC
Grant Deed
$3,640,000 · Northmarq Capital INC
Aug 25, 2004
—
A Co Of Brothers
We Tatum LLC
Grant Deed
related
—
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.
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