$4,799,000
$451K PRICE DROP

6501 E Cave Creek Rd Cave Creek, AZ 85331

Estimated payment $28,174/month

Total Views 3,078
-- Bed
-- Bath
15,500 Sq Ft
$310 Price per Sq Ft

Highlights

  • Concrete Flooring
  • Black Mountain Elementary School Rated A-
  • Partially Fenced Property

About This Home

Mixed use custom built retail complex with 3 bldgs in center of Cave Creek. Owner occupies 2/3 of the complex with 3 of it's businesses. The Hair Salon and Grotto Cafe are under 3rd party leases. CAP rate represents below market rates for owner's leases. All leases are modified gross at $24/ft, multi-year. Property is an extraordinary, custom built complex with unique features and grounds that make it the nicest property in Cave Creek. This would be highly desirable for an owner occupant looking for a retail location complemented by several solid tenants in place. $3 million assumable loan at 3.5% available. Financials, expenses, & leases available with acceptable LOI. Please do not talk with tenants

Listing Agent

Jeff Yaeger

Property Management Real Estate License #BR007970000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $17,281

Year Built

  • Built in 2007

Lot Details

  • 1.84 Acre Lot
  • Partially Fenced Property
  • Property is zoned CC

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 15,500 Sq Ft Home
  • Concrete Flooring

Parking

  • 105 Open Parking Spaces
  • 105 Parking Spaces
  • Private Parking

Utilities

  • Heat Pump System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 216-06-275

Community Details

Overview

  • 3 Buildings
  • Building Dimensions are irregular
  • La Kanza Plaza At Red Truck Subdivision

Building Details

  • Operating Expense $17,281
  • Gross Income $372,000
  • Net Operating Income $312,000

Property Details

Property Type

Other

Est. Annual Taxes

$17,281

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Rd & School House
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: CC
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 2007
  • Tax Year: 2024
  • Directions: Take Cave Creek Rd north of Carefree Hwy to 4 way stop at School House Rd. Continue East on Cave Creek Rd to the second set of buildings on the right or south side. Look for the Red Truck!
  • Lot Size Acres: 1.84
  • Road Surface Type: Dedicated Street
  • Subdivision Name: La Kanza Plaza at Red Truck
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Concrete
  • Living Area: 15500.0

Exterior Features

  • Fencing: See Remarks, Partial
  • Disclosures: Well Disclosure, Boundary Survey Avlb, None, Seller Prop Disc Stm
  • Construction Type: See Remarks, Frame - Wood, Stucco, Block
  • Roof: Foam
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 105.0
  • Total Parking Spaces: 105.0
  • General Property Description:Uncvrd Parking Spcs: 105.0
  • General Property Description:Total Parking Spcs: 105.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: See Remarks, Heat Pump, Office A/C
  • Heating: Other, Heat Pump, Natural Gas
  • Water Source: City Franchise, Domestic Well
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size: irregular
  • Lot Size Sq Ft: 80316.0
  • Parcel #: 216-06-275
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 372000.0
  • Property Net Operating Income: 312000.0
  • Annual Operating Expense: 17281.0
  • Leasable Area: 15500.0

Tax Info

  • Tax Annual Amount: 17281.0
  • Tax Book Number: 216.00
  • Tax Lot: 2
  • Tax Map Number: 6.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,281 $361,012 -- --
2024 $16,877 $354,566 -- --
2023 $16,877 $505,019 $193,239 $311,780
2022 $17,032 $467,250 $180,495 $286,755
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2025 01/05/25 Price Changed $4,799,000 -8.6% $310 / Sq Ft
09/21/2024 09/21/24 For Sale $5,250,000 -- $339 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $3,500,000 Empire West Title Agency Llc
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $75,000 FHA
Open $3,250,000 Purchase Money Mortgage
Closed $75,000 Commercial
Previous Owner $1,200,000 Small Business Administration
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6760525

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-06-275

Arizona Maricopa County Cave Creek 85331

6501 E Cave Creek Rd, Cave Creek, AZ

Homes for Sale in Cave Creek, AZ

This home is located at 6501 E Cave Creek Rd, Cave Creek, AZ 85331 and is currently priced at $4,799,000, approximately $309 per square foot. This property was built in 2007. 6501 E Cave Creek Rd is a home located in Maricopa County with nearby schools including Black Mountain Elementary School, Cactus Shadows High School, and Sonoran Trails Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Jeff Yaeger
Listing Agent
Jeff Yaeger
Section Image
Property Management Real Estate
(480) 210-8615