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Property profile & analytics
OFF-MARKET
Estimated value
$12,340,000
Hospitals
5227 Carefree Hwy, Cave Creek, AZ 85331-9173
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-3010432
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2021
Total area
31,823 SF
Lot
1.8 ac (78,500 SF)
APN
211-46-034D
UPID
US07-3010432
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
-
Fernisha Brown Physician
-
Abrazo Cave Creek Hospital Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.36M
Blend (final)
Blend
$12.34M
Owner & transaction history
Hcii 5227 East Carefree Highway LLC · 2 yrs held
Hcii 5227 East Carefree Highway LLC
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.1M
+123.9%
Auto repair, garage
$14.1M
+74.4%
Retail stores
$10.7M
+32.1%
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
MEDICAL BUILDING
$8,100,000
Current use
RESTAURANT
$18,145,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,130,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$10,705,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$7,610,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$12.34M
Range $11.11M – $13.57M · ±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
$388 / 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
$57,715
Tax year 2023
Assessed value
$1,997,540
Assessed 2024
Previous assessed
$1,997,540
+0.0% YoY
Effective rate
2.89%
On assessed value
Land market value
$905,500
Improvement market value
$11,200,800
Total market value
$12,106,300
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2021
Stories
1
Total area
31,823 SF
Lot
1.8 ac (78,500 SF)
APN
211-46-034D
UPID
US07-3010432
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.1M
RESTAURANT
Est. value
$18.1M
AUTO REPAIR, GARAGE
Est. value
$14.1M
RETAIL STORES
Est. value
$10.7M
OFFICE BUILDING
Est. value
$7.6M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
Stories
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Hcii 5227 East Carefree Highway LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1001 WATER ST STE #800, TAMPA, FL 33602-5467
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2024
$19,300,000
Hcii 5227 East Carefree Highway LLC
Nwi Cave Creek Hospital LP
Special Warranty Deed
—
Apr 14, 2022
$24,473,900
Nwi Cave Creek Holding INC
Cave Creek Micro Hospital Conservat
Special Warranty Deed
$337,000,000 · Royal Bank Of Canada
Apr 22, 2021
—
Town Of Cave Creek
Cave Creek Micro Hospital LLC
Gift 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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