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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
37617 Cave Crk Rd Cave Creek, AZ 85331-8850
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0372641
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
2,000 SF
Lot
0.75 ac (32,844 SF)
Zoning code
TCC
APN
211-14-045E
UPID
US07-0372641
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
-
Salamander Tax Corporate Office
-
Scape Source Garden Center Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Makos LLC · 1 yrs held
Makos LLC
since 2024
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
TCC · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
O2017-11 Amending the Official Town of Cave Creek Zoning Map by Changing the Underlying Zone of Parcels 216-060-020 and a Portion of 216-06-019C from a Combination of Multiple Residence (MR) and Town Core Commercial (TCC) to Commercial Buffer (TB) 08/07/2017 O2018-03 Amending the Zoning Ordinance, Chapter 12 - Site Plans, Section 12.3 entitled “Applications…
Zone name
Town Core Commercial
General category
COMMERCIAL
Zone area
324.81 ac
Top alternative use upside
Retail stores
$675,000
+40.7%
Medical building
$510,000
+6.5%
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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$480,000
Current use
RETAIL STORES
$675,000
Change: +41% · Conversion: Moderate
MEDICAL BUILDING
$510,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$410,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Dec 5 2024)
Last sale anchor
$525k
Dec 5 2024
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
$263 / 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
$3,170
Tax year 2023
Assessed value
$95,387
Assessed 2024
Previous assessed
$95,387
+0.0% YoY
Effective rate
3.32%
On assessed value
Land market value
$245,100
Improvement market value
$333,000
Total market value
$578,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,000 SF
Lot
0.75 ac (32,844 SF)
Zoning code
TCC
APN
211-14-045E
UPID
US07-0372641
Jurisdiction
MARICOPA
Zoning & alternative use
TCC · Cave Creek, AZZoning 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
Zoning description
O2017-11 Amending the Official Town of Cave Creek Zoning Map by Changing the Underlying Zone of Parcels 216-060-020 and a Portion of 216-06-019C from a Combination of Multiple Residence (MR) and Town Core Commercial (TCC) to Commercial Buffer (TB) 08/07/2017 O2018-03 Amending the Zoning Ordinance, Chapter 12 - Site Plans, Section 12.3 entitled “Applications - General Provisions” and Section 12.5 entitled “Review Criteria” and Appen
Zone name
Town Core Commercial
General category
COMMERCIAL
Zone area
324.81 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$480,000
RETAIL STORES
Est. value
$675,000
MEDICAL BUILDING
Est. value
$510,000
WAREHOUSE, STORAGE
Est. value
$410,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
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
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Makos LLC
Entity
Mailing address
111 E DUNLAP AVE STE 294TH PHOENIX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$525,000
Makos LLC
Crown Investment Company
Warranty Deed
—
Dec 3, 2024
$353,426
Crown Investment Company
Green Home Rentals LLC
Deed
related
—
Oct 17, 2024
$353,426
Crown Investment Company
Green Home Rentals LLC
Trustees Deed
related
—
Oct 4, 2022
—
George Kirkland Lopez
Charles Kirkland
Beneficiary Deed
related
—
Nov 10, 2021
—
Green Home Rentals LLC
—
Deed
related
$3,008,900 · Ks Statebank
Aug 7, 2018
$60,000
Green Home Rentals LLC
Salt River Equity LLC
Grant Deed
—
Feb 15, 2018
$360,000
Green Home Rentals LLC
Interestinc LLC
Warranty Deed
$216,000 · Arizona Business Bank
Nov 9, 2009
$320,000
Interestinc LLC
Tjcc Property Management LLC
Warranty Deed
$260,500 · Wells Fargo Bank NA
May 24, 2007
—
Marty Smith
Smith,marty
Quit Claim Deed
related
—
Jul 6, 2005
—
Jacob Maas
Maas,jacob
Quit Claim Deed
related
—
Mar 4, 2005
—
Tjcc Property Management LLC
James A Loftis SR.
Quit Claim Deed
related
$420,000 · Jpmorgan Chase Bank NA
Feb 28, 2002
$420,000
James A Loftis
Etten,kathryn D
Grant Deed
$315,000 · United Arizona Bank NA
Mar 22, 2000
$165,000
Kathryn D Van Etten
Van Etten,kurt B
Grant Deed
related
$165,000 · Durand State Bank
Jun 17, 1998
—
Kurt B Van Etten
Vesco,monica D
Quit Claim Deed
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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