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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Strip malls
6450 Cave Crk Rd Cave Creek, AZ 85331-8662
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-2655624
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
CONCRETE
Total area
6,876 SF
Lot
1.21 ac (52,920 SF)
Zoning code
TCC
APN
216-06-017G
UPID
US07-2655624
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
-
Matt Woosley - State Farm Insurance Insurance Agency
-
Vitality Health Fitness LLC FKA Black Mountain Fitness Gym & Fitness Center
-
Cuticles a Natural Nail Salon Nail Salon
-
Face Body Spirit Ultimate Skin Care Spa & Massage Center Skin Care Clinic
-
Wildwoods Healing Arts Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.87M
Owner & transaction history
New River Invest LLC · 5 yrs held
New River Invest LLC
since 2020
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
TCC · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+201.0%
Retail stores
$2.3M
+128.0%
Medical building
$1.8M
+72.6%
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
$1,520,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,930,000
6.5%
$1,780,000
7%
$1,655,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,055,000
Change: +201% · Conversion: Difficult
RETAIL STORES
$2,315,000
Change: +128% · Conversion: Easy
MEDICAL BUILDING
$1,750,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$1,645,000
Change: +62% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,580,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.86M (Nov 18 2020)
Last sale anchor
$1.86M
Nov 18 2020
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
$272 / 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
$11,974
Tax year 2023
Assessed value
$480,664
Assessed 2024
Previous assessed
$480,664
+0.0% YoY
Effective rate
2.49%
On assessed value
Land market value
$912,100
Improvement market value
$2,001,016
Total market value
$2,913,116
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
6,876 SF
Lot
1.21 ac (52,920 SF)
Zoning code
TCC
APN
216-06-017G
UPID
US07-2655624
Jurisdiction
MARICOPA
Zoning & alternative use
TCC · Cave Creek, AZ
Zoning 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
Cave Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
New River Invest LLC
Entity
Mailing address
34975 NN VLY PKWY STE #152, PHOENIX, AZ 85086-4032
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2020
—
New River Invest LLC
—
Deed
related
$899,675 · Jp Morgan Chase Bk
Nov 18, 2020
$1,855,000
New River Invest LLC
Xedo LLC
Special Warranty Deed
$899,675 · Jpmorgan Chase Bank NA
Jan 19, 1999
$450,000
Xedo LLC
Southwest Holdings Of Colorado
Grant Deed
—
Oct 30, 1997
$240,000
Southwest Holdings Of Colorado S
Cave Commercial 1 Ltd
Grant Deed
related
$192,000 · Cave Creek Commercial 1 Ltd
—
—
Xedo LLC
—
Deed Of Trust
related
$1,826,500 · United Arizona Bank NA
—
—
New River Invest LLC
—
Deed Of Trust
related
$899,675 · Jp Morgan Chase Bk
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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