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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
6802 Cave Crk Rd Cave Creek, AZ 85331-8613
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3479735
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1985
Construction
CONCRETE
Total area
2,620 SF
Lot
0.37 ac (16,117 SF)
Zoning code
TCC
APN
216-07-017J
UPID
US07-3479735
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
-
Circle K Grocery & Convenience Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
ATM Atm
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
Truman Johnson INC · 4 yrs held
Truman Johnson INC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
TCC · 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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,813
Tax year 2022
Assessed value
$87,863
Assessed 2024
Previous assessed
$77,571
+13.3% YoY
Effective rate
3.20%
On assessed value
Land market value
$303,800
Improvement market value
$228,700
Total market value
$532,500
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,620 SF
Lot
0.37 ac (16,117 SF)
Zoning code
TCC
APN
216-07-017J
UPID
US07-3479735
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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Truman Johnson INC
Entity
Mailing address
1710 VIA ALLONDRA, SAN MARCOS, CA 92078-5146
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2021
$2,025,000
Truman Johnson INC
Bruce Lok
Special Warranty Deed
—
May 7, 2015
$1,500,000
Lok Family Trust
Roadrunner Cave Creek Road
Grant Deed
$650,000 · Nextier Bk NA
Aug 24, 2004
$1,090,000
Roadrunner Cave Creek LLC
Dbncf Circle LLC
Grant Deed
$600,000 · Bank Of Hemet
Mar 31, 2004
$820,000
Dbncf Circle LLC
Circle K Stores INC
Grant Deed
related
—
Jun 16, 1994
—
L P Kwik-stop
Foothills Kwik-s
Quit Claim Deed
related
—
Jun 15, 1994
$1,218,750
Circle K Properties INC
Kwik Stop Ltd Pt
Grant Deed
—
—
—
Roadrunner Cave Creek Road LLC
—
Deed Of Trust
related
$50,000 · Bank Of Hemet
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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