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37234 N Cave Creek Rd 1,500 SF 90% Leased Office Building Cave Creek, AZ 85331 $875,000 ($583.33/SF) 5% Cap Rate



Investment Highlights
- Corner lot with dual access and strong visibility along Cave Creek Road.
- Recent improvements include a newer roof and updated HVAC systems.
- Fully leased to a long-term tenant with potential to remain.
- TCC zoning allows for a wide range of commercial uses.
- On-site parking for approximately 18–20 vehicles.
Executive Summary
Positioned at the gateway to Cave Creek’s vibrant town core, this fully leased office property offers a rare investment opportunity in one of the area’s most desirable commercial corridors. The building sits on a prominent corner lot with dual access from both directions on Cave Creek Road, ensuring excellent visibility and ease of entry. Zoned TCC (Town Core Commercial), the property supports a wide range of commercial uses, enhancing its long-term flexibility and value.
The structure has been well maintained and recently improved, featuring a newer roof and updated HVAC systems. With approximately 18–20 on-site parking spaces, the property accommodates both staff and visitors comfortably. Currently occupied by a long-standing tenant who is open to remaining, this asset provides immediate income stability with potential for future upside. Whether as an investment or an owner-user opportunity, this property combines location strength, functional design, and consistent performance in a growing market.
The structure has been well maintained and recently improved, featuring a newer roof and updated HVAC systems. With approximately 18–20 on-site parking spaces, the property accommodates both staff and visitors comfortably. Currently occupied by a long-standing tenant who is open to remaining, this asset provides immediate income stability with potential for future upside. Whether as an investment or an owner-user opportunity, this property combines location strength, functional design, and consistent performance in a growing market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
1,500 SF
Building Class
C
Year Built
1974
Price
$875,000
Price Per SF
$583.33
Cap Rate
5%
NOI
$43,750
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,500 SF
Building FAR
0.12
Lot Size
0.28 AC
Zoning
C-2 - TCC, Town Core Commercial
Parking
18 Spaces (12 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Todd Meyers Chirpractor
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Todd Meyers Chirpractor | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
Property Taxes
| Parcel Number | 211-13-069 | Total Assessment | $41,008 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
211-13-069
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$41,008
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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37234 N Cave Creek Rd
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