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Property profile & analytics
OFF-MARKET Estimated value $2,660,000
Office buildings

7518 Elbow Bnd Rdb Carefree, AZ 85377-4504

7,550 SF 0.33 ac lot Built 1987
Individually Owned 28-yr Hold Absentee Owner Free & Clear
Property ID
US07-1633693
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction STEEL FRAME
Total area 7,550 SF
Lot 0.33 ac (14,331 SF)
Zoning code C
APN 216-83-057
UPID US07-1633693
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
$2.15M
Comparable Approach Comparable
$3.49M
Blend (final) Blend
$2.66M
Owner & transaction history
William H Bridge · 28 yrs held
William H Bridge
since 1998
Last sale
$2.0M
7 recorded transactions
1998
$123,220
1997
$730,000
1997
$800,000
1989
Price N/A
1987
Price N/A
1969
Price N/A
1969
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
Restaurant $4.3M +131.5%
Auto repair, garage $3.4M +80.3%
Retail stores $2.5M +36.6%
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