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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Medical Office Space
29858 Tatum Blvd, Cave Creek, AZ 85331-5865
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-0989560
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
8,485 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C-2
APN
211-88-379
UPID
US07-0989560
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
-
Buena Vista Drug & Alcohol Recovery Centers of Arizona Medical Clinic
-
PAUL RAYMUND VALBUENA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.46M
Owner & transaction history
Charles L Briggs · 4 yrs held
Charles L Briggs
since 2022
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
C-2 · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+74.4%
Retail stores
$2.9M
+32.1%
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
$3,170,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,000,000
6.5%
$1,845,000
7%
$1,715,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,160,000
Current use
AUTO REPAIR, GARAGE
$3,765,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$2,855,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$2,030,000
Change: -6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,950,000
Change: -10% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,735,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±10% · vs last sale $2.94M (May 3 2022)
Last sale anchor
$2.94M
May 3 2022
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
$290 / 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
$10,977
Tax year 2023
Assessed value
$187,185
Assessed 2024
Previous assessed
$171,350
+9.2% YoY
Effective rate
5.86%
On assessed value
Land market value
$666,600
Improvement market value
$1,205,246
Total market value
$1,871,846
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,485 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C-2
APN
211-88-379
UPID
US07-0989560
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
MEDICAL BUILDING Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Charles L Briggs
Individual
Free & Clear · 4 yrs held
Mailing address
213 PALMERS CT, ELKO, NV 89801-4517
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$2,940,000
Charles L Briggs
Bv Tatum Investments LLC
Special Warranty Deed
—
Jul 24, 2020
$1,500,000
Bv Tatum Investments LLC
Td Investments LLC
Special Warranty Deed
—
May 6, 2016
$975,000
Td Investments LLC
Der Ents LLP
Grant Deed
$775,000 · Der Ents LLP
Mar 3, 1999
—
Shaffer Properties LLC
Shaffer,theodore& Caroline
Quit Claim Deed
related
—
Jan 4, 1999
$537,140
Theodore Shaffer
Arrowhead Group LLC
Grant Deed
—
Jul 16, 1998
$1,137,870
Der Enterprises LLP
Arrowhead Group LLC
Grant 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.
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