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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Office buildings
5855 Surrey Dr Cave Creek, AZ 85331-8903
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-0556284
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE
Total area
7,511 SF
Lot
0.71 ac (30,797 SF)
Zoning code
TCC
APN
211-55-043A
UPID
US07-0556284
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
-
Dan D'Agostino Master Audio Systems Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$3.12M
Owner & transaction history
5855 Surrey Drive LLC · 8 yrs held
5855 Surrey Drive LLC
since 2018
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
Restaurant
$4.3M
+138.4%
Auto repair, garage
$3.3M
+85.7%
Retail stores
$2.5M
+40.7%
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
RESTAURANT
$4,280,000
Change: +138% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,335,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$2,525,000
Change: +41% · Conversion: Moderate
MEDICAL BUILDING
$1,910,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±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
$415 / 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
$7,472
Tax year 2023
Assessed value
$326,238
Assessed 2024
Previous assessed
$268,362
+21.6% YoY
Effective rate
2.29%
On assessed value
Land market value
$269,000
Improvement market value
$1,708,200
Total market value
$1,977,200
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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,511 SF
Lot
0.71 ac (30,797 SF)
Zoning code
TCC
APN
211-55-043A
UPID
US07-0556284
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
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
5855 Surrey Drive LLC
Entity
Mailing address
PO BOX 89, CAVE CREEK, AZ 85327-0089
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2022
—
5855 Surrey Drive LLC
—
Deed
related
$1,000,000 · Icm Capital Markets INC
Sep 5, 2018
—
Surrey Drive LLC
—
Deed
related
$395,723 · Compass Bank
Apr 3, 2018
$1,295,000
5855 Surrey Drive LLC
Oak S Diner & Flapjacks LLC
Special Warranty Deed
$647,500 · Western State Bank
Mar 21, 2018
—
Oaks Diner & Flapjacks LLC
Stevens Dev LLC
Grant Deed
related
—
Sep 22, 2010
$1,050,000
Oaks Diner & Flapjacks LLC
Stevens Dev LLC
Grant Deed
$1,040,000 · Stevens Dev LLC
Jan 11, 2006
—
Stevens Dev LLC
Stevens,john S
Quit Claim Deed
—
Oct 27, 1998
$165,000
John S Stevens
Brnad Trust
Grant Deed
—
Jan 15, 1988
$15,417
Brand Sydell
—
Deed Of Trust
related
—
—
—
Stevens Dev LLC
—
Deed Of Trust
related
$1,100,000 · Silver Sky Investments LP
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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