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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Strip malls
6812 Cave Crk Rd Cave Creek, AZ 85331-8651
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-0388255
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
6,229 SF
Lot
0.53 ac (23,043 SF)
Zoning code
TCC
APN
216-07-017K
UPID
US07-0388255
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
-
Nature's Wonder Cave Creek Dispensary (Bike/Boat/Book/etc) Store
-
Buddy Stubbs Cave Creek Harley-Davidson Motorcycle Shop (Bike/Boat/Book/etc) Store
-
Acupunture For Life Medical Clinic Alternative Medicine Practice
-
Nature's Wonder (Bike/Boat/Book/etc) Store
-
Sriwichai Thai Massage LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.20M
Owner & transaction history
Rico Investment LLC · 9 yrs held
Rico Investment LLC
since 2017
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
Top alternative use upside
Medical building
$1.6M
+72.6%
Office building
$1.5M
+62.1%
Industrial (general)
$1.4M
+55.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Current use
MEDICAL BUILDING
$1,585,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$1,490,000
Change: +62% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,430,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10%
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
$192 / 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
$4,111
Tax year 2023
Assessed value
$180,231
Assessed 2024
Previous assessed
$156,298
+15.3% YoY
Effective rate
2.28%
On assessed value
Land market value
$437,500
Improvement market value
$654,807
Total market value
$1,092,307
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,229 SF
Lot
0.53 ac (23,043 SF)
Zoning code
TCC
APN
216-07-017K
UPID
US07-0388255
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$920,000
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Rico Investment LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2120 E ROSE GDN LN STE F2, PHOENIX, AZ 85024-4496
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
Apr 10, 2017
—
Rico Investment LLC
Bonucelli Richard Trust
Quit Claim Deed
—
Aug 19, 2009
—
Richard R Living Bonucelli
Bonucelli Richard Trust
Quit Claim Deed
related
—
Sep 7, 1994
$377,000
Richard Eonucelli
Kwik Stop Center LP
Grant Deed
—
Jun 15, 1994
$1,218,750
Circle K Properties INC
Kwik Stop Ltd Pt
Trustees Deed
—
Jun 15, 1994
—
Kwik Stop Limited Partnership
Foothills Kwik S
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.
Try Rey
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