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Property profile & analytics
FOR LEASE
Strip malls

36889 N Tom Darlington Dr Carefree, AZ 85331

9,920 SF 6.68 ac lot Built 1988
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US07-0974214
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction CONCRETE
Total area 9,920 SF
Lot 6.68 ac (290,932 SF)
Zoning code C
APN 216-83-076P
UPID US07-0974214
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
$5.74M
Blend (final) Blend
$5.52M
Owner & transaction history
Carefree Marketplace LLC · 9 yrs held
Carefree Marketplace LLC
since 2016
2 recorded transactions
2016
Price N/A
2006
$18.6M
Zoning & alternative use
C · Carefree, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Uses allowed in each zoning district, residential (Rural-190 through R-3) , Lodging (L), Garden Office (GO), and Commercial (C). (Ord. #2005-05, Ord. #2006-05) ZONING DISTRICT USES ALLOWED Rural- 190 Rural- 70 Rural- 43 R1-35 R1-18 R1-10 R-3 L GO C ZONING DISTRICT USES ALLOWED Rural- 190 Rural- 70 Rural- 43 R1-35 R1-18 R1-10 R-3 L GO C Airports, Existing S 1…

Zone name Commercial
General category COMMERCIAL
Zone area 97.00 ac
Source APPENDIX A ZONING CODE
Top alternative use upside
Commercial (general) $8.0M +154.1%
Restaurant $5.7M +80.5%
Auto repair, garage $4.4M +40.6%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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