5400 Carefree HwyCave Creek, AZ 85331

Property Details for 5400 Carefree Hwy

Year built

2003

Construction

CONCRETE

Lot size

2.80 AC

Property size (Sq ft)

14,188 SF

Zone code

C

Property type

Retail properties

Property subtype

Drug stores

APN

211-47-006G

APU

21147006G

Description

This exceptional 13,813-square-foot medical office building, located at 5400 E Carefree Highway in Cave Creek, Arizona, presents a unique investment opportunity. Built in 2003, the single-tenant property sits on a 2.79-acre lot in Maricopa County (APN 211-47-006G) and offers ample parking with a 5.79 spaces per 1000 square feet ratio. Currently vacant, this building is ideal for a variety of medical or commercial uses. The property boasts a well-maintained exterior and modern architectural design, making it an attractive option for businesses seeking a prominent presence in Carefree. Its strategic location and versatile layout offer significant potential for a thriving business venture. The property is zoned for retail and office use, providing flexibility for potential tenants. The building's size and parking capacity make it suitable for a range of businesses, from medical practices to other commercial enterprises. This is a rare opportunity to acquire a substantial, well-located property in a desirable Arizona market. The property's size and location make it an attractive option for businesses seeking a high-visibility location in a growing community. All 13,813 square feet are currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $4,712,850

  6.5%

  $4,350,323

  7%

  $4,039,586

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,551,109

  Geo Method

  $6,551,109

• Alternative Use

  Use

  Valuation

  Residential

  $3,669,660

  Hospitality

  $3,361,389

  Educational

  $2,796,636

  Medical

  $2,892,817

  Retail

  $4,350,323

Location Insight

City

Cave Creek

County

Maricopa

State

Arizona

Latitude

33.7998

Longitude

-111.964

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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