10828 Cave Creek RdPhoenix, AZ 85020

Property Details for 10828 Cave Creek Rd

Year built

1991

Construction

CONCRETE

Lot size

0.97 AC

Property size (Sq ft)

5,348 SF

Zone code

C-2

Property type

Office buildings

APN

159-22-232

APU

15922232

Description

This exceptional 10,460 square foot Class B office building presents a unique owner-user opportunity in Phoenix, Arizona. Located at 10828 N Cave Creek Rd, 85020, this single-story property sits on a 0.99-acre lot and boasts ample parking (4 spaces per 1,000 sq ft). Built in 1991 and renovated in 2010, the building features desirable amenities including a courtyard, training room, and break room. Modern upgrades such as LED lighting and an alarm system enhance both functionality and security. The property is zoned C-2, offering flexibility for various commercial uses. The asking price is $2,600,000, translating to $248.57 per square foot. Its convenient location is within two miles of SR51, providing easy access to major transportation routes. The property's APN is 159-22-232. This is a rare opportunity to acquire a well-maintained, amenity-rich office building in a thriving Phoenix location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $873,274

  6.5%

  $806,099

  7%

  $748,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $824,394

  Geo Method

  $824,394

• Alternative Use

  Use

  Valuation

  Residential

  $999,563

  Hospitality

  $915,594

  Educational

  $761,764

  Medical

  $787,962

  Retail

  $1,184,966

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5847

Longitude

-112.051

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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