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Property profile & analytics
OFF-MARKET
Warehouses
31614 Cave Crk Rd, Cave Creek, AZ 85331-5457
Individually Owned
Free & Clear
Property ID
US07-2225861
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
4.59 ac (199,823 SF)
APN
211-35-234A
UPID
US07-2225861
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jeremy Wells
Jeremy Wells
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$83
Assessed 2024
Previous assessed
$85
-2.4% YoY
Land market value
$500
Total market value
$500
Applied tax rate
930,000.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Lot
4.59 ac (199,823 SF)
APN
211-35-234A
UPID
US07-2225861
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
4.59 ac
Current owner
From public records · entity-resolved
Jeremy Wells
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 26768, SCOTTSDALE, AZ 85255-0129
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
58 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
Michael Kamminga
—
Deed
related
$226,300 · Marjon Investments LLC
Feb 18, 2026
$40,000
Jeremy Wells
Daniel L Cheung
Special Warranty Deed
—
Jan 6, 2026
—
Michael Kamminga
—
Deed
related
$222,000 · Scott A Gould
Dec 31, 2025
$80,000
Monheit Family Trust
Christopher Kochler
Special Warranty Deed
—
Nov 5, 2025
—
Heintz Living Trust
Robert Heintz
Deed
related
—
Sep 23, 2025
$560,000
Jeremy C Hinman Revocable Trust
Jb Holdings LLC
Special Warranty Deed
—
Aug 29, 2025
$575,000
Michael J And Diane C Holmes Liv Tr
Wesley Capital LLC
Special Warranty Deed
—
Aug 25, 2025
—
Mark And Traci Gustafson Rev Trust
Mark Gustafson
Deed
related
—
Jul 25, 2025
$456,000
Mc Equities LLC
Brads LLC
Special Warranty Deed
—
Apr 1, 2025
—
Kenneth A Loganbill
Kenneth A Loganbill
Warranty Deed
related
—
Oct 24, 2024
$550,000
Steven J Jensen
Wesley Capital LLC
Special Warranty Deed
—
Oct 21, 2024
$485,000
Philomenas Place INC
Donald N Bolen III
Warranty Deed
—
Aug 20, 2024
$920,000
Wesley Capital LLC
Rjc Strategic Properties LLC
Special Warranty Deed
—
May 31, 2024
$425,000
Jeffrey E Perala
Donald S Schwarzkopf
Warranty Deed
—
Mar 6, 2024
$65,000
Theodore Lukaszek
Jeffrey D Smith
Special Warranty Deed
—
Nov 22, 2023
$32,000
James R Shurtleff
Chris Koehier
Special Warranty Deed
—
Oct 31, 2023
$75,000
Christopher Koehler
Steve R Garcia
Special Warranty Deed
—
Oct 16, 2023
$565,000
Douglas J Foley
Peter Racely
Special Warranty Deed
—
Sep 20, 2023
$400,000
Regan G Shea
Jay Gunnarson
Special Warranty Deed
—
Sep 20, 2023
$78,000
Kristoffer Munroe
Richard John Trinkl
Special Warranty Deed
—
May 24, 2023
—
The Mike Kamminga Trust
Michael Kamminga
Deed
related
—
May 9, 2023
$30,000
Daniel L Cheung
Lm North LLC
Special Warranty Deed
—
Mar 31, 2023
$379,000
Jay Gunnarson
Shss Investments LLC
Special Warranty Deed
—
Mar 24, 2023
$377,000
Donald N Bolen
Linda Clowes
Special Warranty Deed
—
Jan 10, 2023
$64,000
Richard Lloyd Faul
Hwspls LLC
Special Warranty Deed
—
Jan 10, 2023
$439,000
George Family Properties LLC
Charles Donald Kaye
Warranty Deed
—
Jan 3, 2023
$345,000
Michael Kamminga
Douglas E Trimble
Warranty Deed
$230,000 · Sandahl Living Trust
Oct 11, 2022
$64,000
Nahreine LLC
Lm North LLC
Special Warranty Deed
—
Oct 11, 2022
$130,000
Nahreine LLC
Collette Denise Appert
Special Warranty Deed
—
Oct 11, 2022
—
Collette Denise Appert
2mr LLC
Deed
related
—
Sep 20, 2022
$120,000
Collette Denise Appert
2mr LLC
Quitclaim Deed
related
—
Sep 1, 2022
$68,000
Mvs Investments LLC
Lm North LLC
Special Warranty Deed
—
Aug 19, 2022
—
Richard L Strahota
Richard L Strahota
Deed
related
—
Jun 29, 2022
—
Jeffery D Smith
Jeffery D Smith
Deed
related
—
May 20, 2022
$975,000
Sting LLC
2mr LLC
Special Warranty Deed
—
Jan 14, 2022
$54,000
Kurt Knutz
Lm North LLC
Special Warranty Deed
—
Jan 14, 2022
$67,000
Mark Ruston
Lm North LLC
Special Warranty Deed
—
Jan 10, 2022
$395,000
David F Jaffe
Douglas E Trimble
Warranty Deed
—
Dec 30, 2021
$63,000
Jeffrey Perala
Lm North LLC
Special Warranty Deed
—
Nov 30, 2021
$68,000
Richard John Trinkl
Lm North LLC
Special Warranty Deed
—
Nov 30, 2021
$62,500
George W Cable
David L Payne
Special Warranty Deed
—
Nov 4, 2021
$63,000
Steve R Garcia
Lm North LLC
Special Warranty Deed
—
Oct 13, 2021
$98,000
Ridgeway Partners LLC
Lm North LLC
Special Warranty Deed
—
Oct 6, 2021
$58,000
Hwspls LLC
Lm North LLC
Special Warranty Deed
—
Oct 5, 2021
$58,000
David L Payne
Lm North LLC
Special Warranty Deed
—
Sep 24, 2021
$49,000
Rick L Patrick
Lm North LLC
Special Warranty Deed
—
Sep 17, 2021
$58,000
Jeffrey D Smith
Lm North LLC
Special Warranty Deed
—
Sep 15, 2021
$49,000
Vincent Peter Ippolito
Lm North LLC
Special Warranty Deed
—
Sep 1, 2021
$299,280
Miklos Bende JR
Lm North LLC
Special Warranty Deed
—
Aug 30, 2021
$31,000
Jeffrye Lee Cummings
Lm North LLC
Warranty Deed
$205,000 · Wells Fargo Bank NA
Aug 25, 2021
$53,000
Kris Munroe
Lm North LLC
Special Warranty Deed
—
Jul 7, 2021
$247,475
Leonard N Biss III
Lm North LLC
Special Warranty Deed
—
Jun 9, 2021
$249,250
Nsic Investments LLC
Lm North LLC
Special Warranty Deed
—
May 25, 2021
$289,352
Three Girl Holdings LLC
Lm North LLC
Special Warranty Deed
—
May 20, 2021
—
M&e Real Estate LLC
Lm North LLC
Special Warranty Deed
$185,000 · First Fidelity Bank
May 19, 2021
$230,700
Michael J Holmes
Lm North LLC
Special Warranty Deed
—
May 17, 2021
$231,100
Wayne L Beck
Lm North LLC
Special Warranty Deed
—
May 17, 2021
$237,250
Jason W Briedis
Lm North LLC
Special Warranty 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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