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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Theaters & concert halls
6704 Dl Ln Cave Creek, AZ 85331-6528
Trust Owned
5-yr Hold
Free & Clear
Property ID
US07-1652469
Property profile
Verified
Property type
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Year built
2016
Total area
17,500 SF
Lot
4.03 ac (175,543 SF)
Zoning code
RU-43
APN
216-68-036B
UPID
US07-1652469
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Vierra,manuel S Trust · 5 yrs held
Vierra,manuel S Trust
since 2020
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
RU-43 · Cave Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,425,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$4,130,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,020,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Sep 24 2020)
Last sale anchor
$3.00M
Sep 24 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
$171 / 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
$10,690
Tax year 2023
Assessed value
$417,436
Assessed 2024
Previous assessed
$331,310
+26.0% YoY
Effective rate
2.56%
On assessed value
Land market value
$809,600
Improvement market value
$3,364,758
Total market value
$4,174,358
Applied tax rate
930,000.0000
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
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Status
Off-Market
Year built
2016
Heating
NONE
Buildings
3
Stories
1
Total area
17,500 SF
Lot
4.03 ac (175,543 SF)
Zoning code
RU-43
APN
216-68-036B
UPID
US07-1652469
Jurisdiction
MARICOPA
Zoning & alternative use
RU-43 · Cave Creek, AZ
Zoning RU-43 · permitted uses
RU-43 · 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
MEDICAL BUILDING
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
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
2016
Heating
NONE
Stories
1
Buildings
3
Lot
4.03 ac
Current owner
From public records · entity-resolved
Vierra,manuel S Trust
Trust
Free & Clear · 5 yrs held
Mailing address
3600 VLY OAK DR, BRENTWOOD, CA 94513-4242
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
$3,000,000
Vierra,manuel S Trust
Gemini Farms LLC
Warranty Deed
—
May 20, 2020
—
Scottsdale Hts Cmnty Assn
Az 3 Drp
Quit Claim Deed
related
—
Sep 3, 2019
—
K Hovnanian At Scottsdale Hts
Drp Az 3 LLC
Grant Deed
related
—
May 21, 2019
—
Gemini Farms LLC
Gemini Farms LLC
Quit Claim Deed
related
—
Nov 12, 2013
—
Gemini Farms LLC
James E Bedeker
Warranty Deed
related
—
Apr 17, 2013
—
James Bedeker
James Bedeker
Quit Claim Deed
related
—
Mar 6, 2012
—
Bedeker,james E & Sally
—
Grant Deed
related
$1,500,000 · First Midwest Bk
Dec 21, 2011
$1,300,000
Bedeker,james & Sally
Clayton Fouts
Warranty Deed
—
Oct 31, 2006
—
Bemis,kimberly
Soval Land LLC
Grant Deed
related
$1,472,085 · West USA Realty INC
May 26, 2006
—
Bemis,kimberly
Kimberly Bemis
Quit Claim Deed
related
—
Aug 30, 2005
$2,950,000
Bemis,kimberly
Owens Family Trust
Warranty Deed
—
—
—
Bedeker,james E & Sally
—
Deed Of Trust
related
$1,500,000 · First Midwest 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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