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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Turn key restaurants
36425 Cave Crk Rd Cave Creek, AZ 85331-8876
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2675339
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1963
Construction
STEEL FRAME
Total area
1,635 SF
Lot
1.25 ac (54,488 SF)
Zoning code
TCC
APN
211-55-041A
UPID
US07-2675339
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
-
Elwood Motor Sports And Collision Auto Repair Shop
-
U-Haul Neighborhood Dealer Car Rental Facility
-
CS MotorSports Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$980k
Owner & transaction history
Prosperita Properties LLC · 4 yrs held
Prosperita Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
TCC · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+40.8%
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
$930,000
Current use
COMMERCIAL (GENERAL)
$1,310,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$599 / 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
$5,787
Tax year 2023
Assessed value
$119,317
Assessed 2024
Previous assessed
$119,317
+0.0% YoY
Effective rate
4.85%
On assessed value
Land market value
$445,400
Improvement market value
$277,736
Total market value
$723,136
Applied tax rate
932,200.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
1,635 SF
Lot
1.25 ac (54,488 SF)
Zoning code
TCC
APN
211-55-041A
UPID
US07-2675339
Jurisdiction
MARICOPA
Zoning & alternative use
TCC · Cave Creek, AZ
Zoning TCC · permitted uses
TCC · 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 Current
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT Current
COMMERCIAL (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
1963
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.25 ac
Current owner
From public records · entity-resolved
Prosperita Properties LLC
Entity
Mailing address
38842 N 7TH AVE, PHOENIX, AZ 85086-8710
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 3, 2021
—
Prosperita Properties LLC
Scott N Barsellotti
Divorce/dissoultion Of Marriage Transfer
$876,000 · Arizona Bank & Trust
Jul 8, 2014
$750,000
Scott N Barsellotti
Ak & H Blackburn Props LLC
Warranty Deed
$700,000 · Blackburn Family Trust (pt)
Jul 25, 2013
—
Ak & H Blackburn Props LLC
Blackburn Family Trust
Quit Claim Deed
—
May 22, 2012
—
Howard K Blackburn
Blackburn Family Trust
Quit Claim Deed
related
$393,320 · Jpmorgan Chase Bank NA
Jul 22, 2002
—
Blackburn Trust
Blackburn,howard K & Patricia M
Quit Claim Deed
related
—
Jan 14, 2002
—
Blackburn Trust
Blackburn,alvin C & Kathleen D
Quit Claim Deed
related
—
Dec 2, 1999
$625,000
Alvin C Blackburn
Allen,gary E & Marcia E
Grant Deed
$625,000 · Seller
Apr 27, 1988
—
Zeik Robert S
—
Deed Of Trust
related
—
—
—
Gary E Allen
—
Deed Of Trust
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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