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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
6042 Vly Way Cave Creek, AZ 85331-8515
Individually Owned
28-yr Hold
~
Est. High Equity
Property ID
US07-0882714
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
3,584 SF
Lot
0.32 ac (14,000 SF)
Zoning code
CB
APN
211-08-052
UPID
US07-0882714
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
-
Christopher S. Williams, DC Alternative Medicine Practice
-
Symphony for the Soul Gym & Fitness Center Alternative Medicine Practice
-
Az Used Car Factory Car Dealership
-
sacred spirit medicine Alternative Medicine Practice
-
Collette Taaffe Heart Song Healing Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.18M
Owner & transaction history
Michael E Schlotman · 28 yrs held
Michael E Schlotman
since 1998
5 recorded transactions
Zoning & alternative use
CB · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(Case A-99-2) 05/03/1999 O99-09 Amending the Zoning Ordinance Article 16-5-6-A Prohibited Signs (Case A-99-1) 09/20/1999 O99-20 Amending Zoning Ordinance, Article 16-3 - Use Districts Section 6 Commercial Buffer (CB) And Section 7 Commercial Core (CC) 11/05/1999 O2000-07 Amending Zoning Ordinance by Amending Ordinance 94-13, Title XV Land Usage, Chapter 154.…
Zone name
Commercial Buffer
General category
COMMERCIAL
Zone area
163.65 ac
Top alternative use upside
Auto repair, garage
$1.6M
+85.7%
Retail stores
$1.2M
+40.7%
Medical building
$915,000
+6.5%
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
OFFICE BUILDING
$855,000
Current use
AUTO REPAIR, GARAGE
$1,590,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$1,205,000
Change: +41% · Conversion: Moderate
MEDICAL BUILDING
$915,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$735,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$328 / 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
$3,835
Tax year 2023
Assessed value
$108,042
Assessed 2024
Previous assessed
$88,740
+21.8% YoY
Effective rate
3.55%
On assessed value
Land market value
$115,400
Improvement market value
$539,400
Total market value
$654,800
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Total area
3,584 SF
Lot
0.32 ac (14,000 SF)
Zoning code
CB
APN
211-08-052
UPID
US07-0882714
Jurisdiction
MARICOPA
Zoning & alternative use
CB · Cave Creek, AZZoning CB · permitted uses
CB · Cave Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(Case A-99-2) 05/03/1999 O99-09 Amending the Zoning Ordinance Article 16-5-6-A Prohibited Signs (Case A-99-1) 09/20/1999 O99-20 Amending Zoning Ordinance, Article 16-3 - Use Districts Section 6 Commercial Buffer (CB) And Section 7 Commercial Core (CC) 11/05/1999 O2000-07 Amending Zoning Ordinance by Amending Ordinance 94-13, Title XV Land Usage, Chapter 154.056 Zoning Access, and Chapter 154.057 Accessory Buildings and Uses, S
Zone name
Commercial Buffer
General category
COMMERCIAL
Zone area
163.65 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$735,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Michael E Schlotman
Individual
Mailing address
42402 N TONTO RD, CAVE CREEK, AZ 85331-2857
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 1998
$57,500
Michael E Schlotman
Conner,rolf J & Marjorie E
Grant Deed
$51,750 · Seller
Dec 30, 1996
$43,680
Rolf J Conner
Ira B Hall Trust
Grant Deed
—
Dec 29, 1987
$22,500
Ira B Hall Famil
—
Grant Deed
related
—
—
—
Michael E Scholtman
—
Deed Of Trust
related
$249,990 · Bank Of America
—
—
Michael E Schlotman
—
Deed Of Trust
related
$51,750 · Individual
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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