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Property profile & analytics
OFF-MARKET Estimated value $640,000
Flex space

7202 Cave Crk Rd 5B Carefree, AZ 85377-9663

2,240 SF 0.03 ac lot Built 2005
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US07-0031792
Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2005
Construction STEEL FRAME
Total area 2,240 SF
Lot 0.03 ac (1,120 SF)
Zoning code C
APN 216-23-096
UPID US07-0031792
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
$639k
Blend (final) Blend
$640k
Owner & transaction history
Carefree Studio Unit 3b LLC · 8 yrs held
Carefree Studio Unit 3b LLC
since 2018
2 recorded transactions
2018
$250,000
2007
$257,600
Zoning & alternative use
C · Carefree, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Uses allowed in each zoning district, residential (Rural-190 through R-3) , Lodging (L), Garden Office (GO), and Commercial (C). (Ord. #2005-05, Ord. #2006-05) ZONING DISTRICT USES ALLOWED Rural- 190 Rural- 70 Rural- 43 R1-35 R1-18 R1-10 R-3 L GO C ZONING DISTRICT USES ALLOWED Rural- 190 Rural- 70 Rural- 43 R1-35 R1-18 R1-10 R-3 L GO C Airports, Existing S 1…

Zone name Commercial
General category COMMERCIAL
Zone area 97.00 ac
Source APPENDIX A ZONING CODE
Top alternative use upside
Auto repair, garage $995,000 +93.4%
Retail stores $755,000 +46.5%
Neighborhood: shopping center $705,000 +37.6%
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