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Property profile & analytics
OFF-MARKET
Strip malls
6554 Cave Crk Rd Cave Creek, AZ 85331-7612
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1240147
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
CONCRETE
Total area
4,898 SF
Lot
0.88 ac (38,507 SF)
Zoning code
TCC
APN
216-06-012F
UPID
US07-1240147
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
-
Desert Dog Spa Pet Grooming Service
-
Fantastico's Mexican Food Restaurant
-
SkinRevision Spa & Massage Center Alternative Medicine Practice
-
Farm Bureau Financial Services: Leslie Jensen Insurance Agency
-
Desert Forest Animal Hospital Veterinary Clinic
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
Wads IV LLC · 1 yrs held
Wads IV LLC
since 2025
Last sale
$3.8M
5 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
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
$6,441
Tax year 2023
Assessed value
$211,992
Assessed 2024
Previous assessed
$185,827
+14.1% YoY
Effective rate
3.04%
On assessed value
Land market value
$607,600
Improvement market value
$677,200
Total market value
$1,284,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
4,898 SF
Lot
0.88 ac (38,507 SF)
Zoning code
TCC
APN
216-06-012F
UPID
US07-1240147
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
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Wads IV LLC
Entity
Mailing address
PO BOX 7576, CAVE CREEK, AZ 85327-7576
Ownership since
2025
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 24, 2025
$3,790,000
Wads IV LLC
630 Lex I LLC
Special Warranty Deed
—
Jan 26, 2005
—
630 Lex I LLC
Podolak Trust
Grant Deed
—
Jun 12, 2003
—
Podolak,tr
6602 East Cove Creek Road LLC
Quit Claim Deed
related
—
Apr 6, 1990
$674,500
Podolak Joseph
Szendeffy
Grant Deed
—
Sep 1, 1988
$702,500
Village Center
New H
Grant Deed
$600,000
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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