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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Retail space
6140 Cave Crk Rd Cave Creek, AZ 85331-8618
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0064189
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Construction
CONCRETE
Total area
3,042 SF
Lot
0.37 ac (16,200 SF)
Zoning code
C-T
APN
211-08-008
UPID
US07-0064189
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
-
It's A Divine Bakery Bakery Specialty Food Shop
-
Western Delights (Bike/Boat/Book/etc) Store
-
The Crafty Godsend Bakery & Café Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$970k
Blend (final)
Blend
$1.32M
Owner & transaction history
6130 Cave Creek Market LLC · 3 yrs held
6130 Cave Creek Market LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
C-T · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+32.0%
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
$1,725,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,025,000
Current use
AUTO REPAIR, GARAGE
$1,350,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.84M (Nov 15 2022)
Last sale anchor
$1.84M
Nov 15 2022
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
$434 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,116
Tax year 2022
Assessed value
$101,112
Assessed 2024
Previous assessed
$88,893
+13.7% YoY
Effective rate
3.08%
On assessed value
Land market value
$294,200
Improvement market value
$318,600
Total market value
$612,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
3,042 SF
Lot
0.37 ac (16,200 SF)
Zoning code
C-T
APN
211-08-008
UPID
US07-0064189
Jurisdiction
MARICOPA
Zoning & alternative use
C-T · Cave Creek, AZZoning C-T · permitted uses
C-T · Cave Creek, AZ
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
RETAIL STORES Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1983
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
6130 Cave Creek Market LLC
Entity
Mailing address
100 EASY ST UNIT #2569, CAREFREE, AZ 85377-7055
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$1,840,000
6130 Cave Creek Market LLC
Joslyn Properties LLC
Special Warranty Deed
—
May 14, 2007
$1,950,000
Joslyn Properties LLC
Lorenz,robert C & Kim A
Warranty Deed
$1,750,000 · Scottsdale Private Bank
May 14, 2007
—
Todd Lorenz
Desert Pacific Developers LLC
Warranty Deed
related
—
Apr 28, 2003
$775,000
Desert Pacific Developers LLC
Sands,clover H
Grant Deed
$400,000 · United Arizona Bank NA
Jun 6, 2002
$464,000
Clover Sands
Sands,ellen
Grant Deed
related
—
Oct 7, 1994
$560,000
Ellen Sands
Dayno Co
Grant Deed
$511,875 · Seller
—
—
L P Nlz
—
Deed Of Trust
related
—
—
—
Desert Pacific Developers LLC
—
Deed Of Trust
related
$800,000 · Los Padres Bank
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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