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Property profile & analytics
OFF-MARKET
Estimated value
$24,060,000
Warehouses
34215 Black Mtn Pkwy, Cave Creek, AZ 85331-4803
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-1070283
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE
Total area
68,635 SF
Lot
5.13 ac (223,501 SF)
Zoning code
CP/GCP
APN
211-46-331
UPID
US07-1070283
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
-
Miss B's Preschool High School Vocational School
-
Farmers Insurance - James Derienzo Insurance Agency
-
DNK Knives (Bike/Boat/Book/etc) Store
-
Tatum Insurance Group Insurance Agency
-
Elite Brand Promo Production Facility Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.55M
Blend (final)
Blend
$24.06M
Owner & transaction history
Sh 781-796 LLC · 9 yrs held
Sh 781-796 LLC
since 2017
4 recorded transactions
Zoning & alternative use
CP/GCP · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.1M
+178.6%
Auto repair, garage
$30.5M
+117.0%
Retail stores
$23.1M
+64.4%
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
RESTAURANT
$39,130,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$30,475,000
Change: +117% · Conversion: Easy
RETAIL STORES
$23,090,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$17,475,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$16,415,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,760,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$24.06M
Range $21.65M – $26.47M · ±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
$351 / 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
$95,974
Tax year 2022
Assessed value
$4,154,882
Assessed 2024
Previous assessed
$3,099,270
+34.1% YoY
Effective rate
2.31%
On assessed value
Land market value
$1,927,600
Improvement market value
$23,253,500
Total market value
$25,181,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
2
Units
4
Total area
68,635 SF
Lot
5.13 ac (223,501 SF)
Zoning code
CP/GCP
APN
211-46-331
UPID
US07-1070283
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Cave Creek, AZ
Zoning CP/GCP · permitted uses
CP/GCP · 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
RESTAURANT
Est. value
$39.1M
AUTO REPAIR, GARAGE
Est. value
$30.5M
RETAIL STORES
Est. value
$23.1M
MEDICAL BUILDING
Est. value
$17.5M
OFFICE BUILDING
Est. value
$16.4M
INDUSTRIAL (GENERAL)
Est. value
$15.8M
RESTAURANT
AUTO REPAIR, GARAGE
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
5.13 ac
Current owner
From public records · entity-resolved
Sh 781-796 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
6467 MAIN ST, WILLIAMSVILLE, NY 14221-5856
Ownership since
2017
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
Jun 23, 2017
—
Sh 781-796 LLC
—
Grant Deed
related
$135,000,000 · Miscellaneous Ins Co
Jun 5, 2017
$230,767,575
Sh 781-796 LLC
Spensa Arizona IV LLC
Grant Deed
—
—
—
Spensa Arizona IV LLC
—
Deed Of Trust
related
$105,000,000 · Us Bk
—
—
Spensa Arizona IV LLC
—
Loan Modification
related
$109,712,000 · Us Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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