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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Warehouses
42638 Spur Cross Rd, Cave Creek, AZ 85331-7562
Individually Owned
3-yr Hold
Free & Clear
Property ID
US07-2701957
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2021
Total area
6,000 SF
Lot
10.65 ac (463,914 SF)
Zoning code
DR-190
APN
202-19-022T
UPID
US07-2701957
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
$950k
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.23M
Owner & transaction history
Sean Moore · 3 yrs held
Sean Moore
since 2023
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
DR-190 · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+64.4%
Medical building
$1.5M
+24.4%
Office building
$1.4M
+16.9%
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
$1,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,230,000
Current use
RETAIL STORES
$2,020,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$1,530,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,435,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,380,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.40M (Mar 17 2023)
Last sale anchor
$1.40M
Mar 17 2023
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
$205 / 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
$2,776
Tax year 2023
Assessed value
$111,328
Assessed 2024
Previous assessed
$69,836
+59.4% YoY
Effective rate
2.49%
On assessed value
Land market value
$545,300
Improvement market value
$129,417
Total market value
$674,717
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
10.65 ac (463,914 SF)
Zoning code
DR-190
APN
202-19-022T
UPID
US07-2701957
Jurisdiction
MARICOPA
Zoning & alternative use
DR-190 · Cave Creek, AZ
Zoning DR-190 · permitted uses
DR-190 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE Current
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
2021
Heating
NONE
Stories
1
Lot
10.65 ac
Current owner
From public records · entity-resolved
Sean Moore
Individual
Free & Clear · 3 yrs held
Mailing address
42638 N SPUR CROSS RD, CAVE CREEK, AZ 85331-7562
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
—
Sean Moore
—
Deed
related
$2,000,000 · Bell Bank
Mar 17, 2023
$1,400,000
Sean Moore
James W Brown JR
Warranty Deed
—
Mar 17, 2023
—
James W Brown
James W Brown
Intrafamily Transfer
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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