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Property profile & analytics
OFF-MARKET
Office buildings
6218 Cave Crk Rd Cave Creek, AZ 85331-8567
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-1747466
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
CONCRETE
Total area
1,041 SF
Lot
0.46 ac (20,038 SF)
Zoning code
MR
APN
211-09-002B
UPID
US07-1747466
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
-
Life Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sh 781-796 LLC · 9 yrs held
Sh 781-796 LLC
since 2017
5 recorded transactions
Zoning & alternative use
MR · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2004 O2004-09 Amending Zoning Ordinance dated January 6, 2003 by amending Chapter 4, Sec. 4.3C Divisions and 4.3.D Bulk Regulations by adding the designation of MR-8 8 units per acre in the Multi-Family Residential (MR) Zoning Districts. 06/07/2004 O2004-11 Amending Zoning Ordinance dated January 6, 2003 by amending Chapter 4, Sec. 4.1.D - Bulk Regulations i…
Zone name
Multi Family Residential
General category
RESIDENTIAL
Zone area
94.75 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,808
Tax year 2023
Assessed value
$589,232
Assessed 2024
Previous assessed
$391,697
+50.4% YoY
Effective rate
1.66%
On assessed value
Land market value
$313,800
Improvement market value
$3,257,300
Total market value
$3,571,100
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
1956
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
9
Stories
1
Units
9
Total area
1,041 SF
Lot
0.46 ac (20,038 SF)
Zoning code
MR
APN
211-09-002B
UPID
US07-1747466
Jurisdiction
MARICOPA
Zoning & alternative use
MR · Cave Creek, AZZoning MR · permitted uses
MR · Cave Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2004 O2004-09 Amending Zoning Ordinance dated January 6, 2003 by amending Chapter 4, Sec. 4.3C Divisions and 4.3.D Bulk Regulations by adding the designation of MR-8 8 units per acre in the Multi-Family Residential (MR) Zoning Districts. 06/07/2004 O2004-11 Amending Zoning Ordinance dated January 6, 2003 by amending Chapter 4, Sec. 4.1.D - Bulk Regulations in the DR Zoning Districts and Sec. 4.2.D-Bulk Regulations in the Singl
Zone name
Multi Family Residential
General category
RESIDENTIAL
Zone area
94.75 ac
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
9
Units
9
Lot
0.46 ac
Current owner
From public records · entity-resolved
Sh 781-796 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
6467 MAIN ST, WILLIAMSVILLE, NY 14221-5856
Ownership since
2017
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
Jun 23, 2017
—
Sh 781-796 LLC
—
Grant Deed
related
$135,000,000 · Miscellaneous Ins Co
Jun 5, 2017
$230,767,575
Sh 781-796 LLC
Spensa Arizona IV LLC
Grant Deed
—
Jul 14, 2003
—
Spensa Arizona III LLC
Superior Storage II LLC
Grant Deed
related
—
May 7, 1998
$1,350,000
Superior Storages LLC
Mcginnis-amaro INC
Grant Deed
—
Feb 5, 1993
—
Mcginnis-amaro INC
Mcginnis
Quit Claim 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.
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