Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5355 Carefree Hwy Cave Creek, AZ 85331-1004

    • Drive through restaurants
    • 2,326 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimation
    $3,580,000
    Last Sale
    Dec 15, 2021
    $3,575,000
    Location Intelligence
    Property ID
    US07-1645751
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chipotle Mexican Grill / Fast Food Restaurant / Mexican Restaurant
    • Mostafa Hedayat, DMD / Dentist
    • Nekter Juice Bar / Cafe / Gluten-Free Restaurant
    • Black Mountain Dental Care / Dentist
    • Russell J. Morrow, DDS / Dentist

    Property Details for 5355 Carefree Hwy

    Year built
    2020
    Lot size
    0.63 lot acres
    Property size
    2,326 SF
    Property type
    Drive through restaurants
    APN
    211-46-036C
    APU
    21146036C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,550,000
      6.5%
      $3,530,000
      7%
      $3,850,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,530,000
      Geo Method
      $3,780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,145,000
      Retail
      $3,610,000
      Mixed-Use
      $3,210,000
      Hospitality
      $3,090,000
      Educational
      $3,080,000
      Residential Income
      $3,575,000
      Energy
      $3,340,000
      Income-Based Land
      $3,495,000
      Food Service
      $3,505,000

    Location Insight

    • Map
    • Local Demand
    City
    Cave Creek
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.966
    Latitude
    33.7988
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,386
    $0.00
    $0.00
    $228,020
    -
    $599,200
    $782,739
    $1,381,939

    Comparable in this City

    • Value Estimation by Request
      3,605 SF

      34193 Cave Crk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,605 SF
      34193 Cave Crk Rd, Cave Creek, AZ 85331
      View Details
    • Value Estimation by Request
      2,256 SF

      6548 Cave Crk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,256 SF
      6548 Cave Crk Rd, Cave Creek, AZ 85331
      View Details
    • Value Estimation by Request
      723 SF

      6135 Cave Crk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 723 SF
      6135 Cave Crk Rd, Cave Creek, AZ 85331-8581
      View Details
    • Value Estimation
      $10,430,000
      2,693 SF

      29815 Tatum Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,693 SF
      29815 Tatum Blvd, Cave Creek, AZ 85331-3702
      View Details
    • Value Estimation by Request
      3,190 SF

      29844 Cave Crk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,190 SF
      29844 Cave Crk Rd, Cave Creek, AZ 85331-5832
      View Details
    • Value Estimation by Request
      3,294 SF

      4815 Carefree Hwy Bldg, Unit 2

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,294 SF
      4815 Carefree Hwy Bldg, Cave Creek, AZ 85331-4721
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,608 SF

      Turn Key Restaurant Opportunity

      Restaurant for sale or lease along Black Mountain Parkway.
      34406 N Black Mountain Pkwy, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      7,000 SF

      Restaurant/Bar on 9+ Acres

      Restaurant/bar with liquor license and remodel plans on 9+ acres.
      6705 E Cave Creek Rd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      8,950 SF

      Cave Creek Retail Opportunity

      Retail pad site or buildable shops in Cave Creek.
      48Th St, Cave Creek, AZ 85331
      View Details
    • $1,600,000
      4.34 Acres

      Cave Creek Horse Property

      Horse property with arena, stalls, guest quarters, and RV hookups.
      4180 E Galvin St, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      39.90 Acres

      Cave Creek Acreage Investment

      87 Acres, Prime Northeast Valley Location
      0 Spur Cross Acreage, Cave Creek, AZ 85331
      View Details
    • $300,000
      10.23 Acres

      10 Acre Mining Claim Parcel

      10.23 acre parcel with patented mining claim.
      65000 N Red Rover Mine Rd, Cave Creek, AZ 85331
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      13,813 SF

      Retail Building with Drive-Thru

      Retail property in Cave Creek, Arizona, with existing drive-thru.
      5400 E Carefree Hwy, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      1,807 SF

      Retail Space in Cave Creek

      Retail spaces available in an Ace Hardware anchored center.
      28212-28220 N Tatum Blvd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      1,401 SF

      Retail Space in Cave Creek

      Retail space available in high-end retail center.
      28325 N Tatum Blvd, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      5,200 SF

      Retail Space on Carefree Highway

      Retail space with high visibility, delivery estimated first quarter 2026.
      Carefree Hwy, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      38,925 SF

      Cave Creek Retail Center Investment

      Prime Retail Space, 850 Acres
      4705 Carefree Hwy, Cave Creek, AZ 85331
      View Details
    • Contact for pricing
      1,516 SF

      Retail Space in Growing Community

      Retail spaces available in Ace Hardware anchored shopping center.
      28242 N Tatum Blvd, Cave Creek, AZ 85331
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5355 Carefree Hwy
    Cave Creek, AZ 85331-1004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.