21043 Cave Creek RdPhoenix, AZ 85024
- Retail properties
- 40,713 SF
Property Details for 21043 Cave Creek Rd
- Year built
- 2002
- Construction
- CONCRETE
- Lot size
- 1.06 AC
- Property size (Sq ft)
- 40,713 SF
- Zone code
- C-2
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 213-10-025
- APU
- 21310025
Description
This exceptional 41,000 square foot Class B medical retail center, built in 2000 and renovated in 2015, presents a unique investment opportunity in Maricopa County. Situated on a 5-acre lot with convenient access to Loop 101, the property boasts 18 suites, offering flexible space options ranging from a minimum of 1,340 square feet to a maximum contiguous space of 5,257 square feet. Currently, 6,597 square feet are available for lease, providing immediate occupancy potential for multiple tenants. The center benefits from ample parking with 40 spaces and prominent monument signage, ensuring high visibility and attracting a substantial customer base. The location is strategically positioned on Cave Creek Road, near Phoenix, Arizona, within a thriving area characterized by high average household incomes exceeding $75,000 within a 3-mile radius. This prime location, combined with the presence of established national and local tenants, creates a robust and attractive environment for new businesses. The property's blend of established tenancy and available space offers a compelling opportunity for growth and expansion within a dynamic market. The single building structure provides efficient management and streamlined operations.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $11,313,513
- 6.5%
- $10,443,243
- 7%
- $9,697,297
-
Comparable approach
- Method
- Valuation
- Relative Method
- $15,815,291
- Geo Method
- $15,815,291
-
Alternative Use
- Use
- Valuation
- Residential
- $8,809,266
- Hospitality
- $8,069,240
- Educational
- $6,713,514
- Medical
- $6,944,402
- Retail
- $10,443,243
Location Insight
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.679
- Longitude
- -112.03
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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