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Property profile & analytics
OFF-MARKET Estimated value $2,075,000
Office buildings

7202 Cave Crk Rd 7D Carefree, AZ 85377-9663

4,480 SF 0.03 ac lot Built 2005
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US07-1883258
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2005
Construction STEEL FRAME
Total area 4,480 SF
Lot 0.03 ac (1,120 SF)
Zoning code C
APN 216-23-102
UPID US07-1883258
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
$2.07M
Blend (final) Blend
$2.08M
Owner & transaction history
Carefree Studio Unit 3b LLC · 11 yrs held
Carefree Studio Unit 3b LLC
since 2015
3 recorded transactions
2015
$265,000
2010
$300,000
2008
Price N/A
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 $2.0M +80.3%
Retail stores $1.5M +36.6%
Neighborhood: shopping center $1.4M +28.2%
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