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Property profile & analytics
OFF-MARKET Estimated value $5,050,000
Strip malls

4705 Carefree Hwy Cave Creek, AZ 85331-4741

18,816 SF 1.88 ac lot Built 2007
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US07-1585238
Property summary
AI-generated overview

The Shops at Dove Valley, located at 4705 E Carefree Hwy, Cave Creek, AZ 85331, presents a compelling investment opportunity in a thriving Maricopa County market. This 38,925 square foot retail strip/neighborhood center, built in 2007, sits on a substantial 850-acre lot and offers excellent visibility due to its location near Black Mountain Parkway. Currently, there are three available spaces ranging from 1,308 to 3,708 square feet, totaling 4,698 square feet of vacant space. The property's multiple tenancy structure provides a diversified income stream. The center's strategic location in Cave Creek offers access to a strong local customer base and significant growth potential. This property is ideal for investors seeking a well-established retail center with immediate income generation and expansion opportunities. The large lot size provides ample room for future development or expansion of the existing center. This is a rare opportunity to acquire a significant retail property in a desirable location. The property's 2007 construction ensures relatively modern facilities and infrastructure. Detailed financial information is available upon request.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction CONCRETE
Total area 18,816 SF
Lot 1.88 ac (81,824 SF)
Zoning code C-2
APN 211-60-969
UPID US07-1585238
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
  • JK11 JCIL.INC. Gym & Fitness Center Sports School
  • Ray's Famous Pizza Cave Creek Restaurant
  • 4 Paws & Claws Veterinary Clinic
  • Bahar Farani Ata-Abadi Dental Office
  • The Shops At Dove Valley Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.87M
Comparable Approach Comparable
$5.15M
Blend (final) Blend
$5.05M
Owner & transaction history
Dove Valley LLC · 6 yrs held
Dove Valley LLC
since 2020
Last sale
$6.1M
4 recorded transactions
2020
Price N/A
2017
$6.1M
2013
$4.6M
2007
Price N/A
Zoning & alternative use
C-2 · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $8.4M +201.0%
Retail stores $6.3M +128.0%
Medical building $4.8M +72.6%
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