For Sale $2,210,000
Property Type Office
Property Size 15,888 SF
Lot Size 39,111 SF
Additional Rent Contact for pricing
Parking Spaces Avail. 64
Parking Ratio 4.03 / 1,000 SF
Building Class C
Year Built 1987
Date Updated Nov 4, 2024

• Located SWC of # Cave Creek Rd & Elbow Bend Rd • Cap Rate at 2024 Budget with 17% Vacancy = 5.5% • 516 Total Linear Feet of Street Frontage on 3 Streets • Cap Rate at 2024 Budget with lease up = 7.75-8% • A true Value Added Opportunity • Priced well below today’s replacement costs • 15,888 RSF building originally constructed in 1987 and continuously renovated with many upgrades today • 2023 Population Estimate: 1 Mile = 1,929 • 3 Miles = 14,626 • 5 Miles = 35,318 • 2023 Average Household Income: 1 Mile = $155,133 • 3 Miles = $156,363 • 5 Miles $161,997 • 2025 Population Projections by Drive Time: 10 min = 25,567 • 20 min = 94,771 • 30 min = 301,111 • Zoned “C” Commercial with 64 total parking stalls (4/1,000 RSF) on Site & per Easement on Tract B

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Contacts

Rick Mineweaser Is this you?

Diamond Pacific Investments

Location

Getting Around

Walk Score ®
62/100 Somewhat Walkable
Bike Score ®
52/100 Bikeable

City Carefree, AZ
Zip Code 85377
Market Phoenix

Points of Interest

Shell

0.32 miles
Safeway

2.93 miles
Chevron

3.06 miles
Circle K

3.70 miles
Superpumper

6.56 miles

Trailhead Parking

2.86 miles
Staff Parking

3.29 miles
Visitor Parking

3.34 miles
Student Parking

3.40 miles
Jewel of the Creek Parking

4.66 miles
Equestrian Staging Area

4.70 miles
Overton & Slate Trailhead Parking

4.70 miles
Spur Cross Ranch Conservation Area parking

4.71 miles
Wildcat Pass Parking

6.21 miles

Hampton Inn Carefree

0.09 miles
Spirit in the Desert Retreat Center

0.09 miles
CIVANA Wellness Resort and Spa

0.64 miles
Boulders Resort & Spa Scottsdale

1.42 miles
JW Marriott Phoenix Desert Ridge

9.97 miles

Athens on Easy Street

0.15 miles
Corrado's Cucina Italiana

0.16 miles
Giordano Trattoria Romana

0.21 miles
Pizzafarro's

0.25 miles
Confluence

0.27 miles
Pizzicata USA

0.27 miles
Keeler’s Neighborhood Steakhouse

0.28 miles
Le Sans Souci

0.61 miles
Harold's Chicken Shack

0.88 miles
The Horny Toad

1.09 miles

Cave Creek School

1.43 miles
Black Mtn Elmentary

2.96 miles
Candeo North Scottsdale

3.21 miles
Desert Aroyo Middle School

3.24 miles
Cactus Shadows High School

3.31 miles
Stepping Stones Academy

8.45 miles
Pinnacle Peak Elementary School

8.99 miles
Desert Mountain Middle School

9.15 miles

Frequently Asked Questions

How much does 7518 East Elbow Bend Road cost?

The space currently listed for sale at 7518 East Elbow Bend Road asks for $2,210,000.

What is the total square footage of 7518 East Elbow Bend Road?

7518 East Elbow Bend Road totals 15,888 square feet.

When was this property built?

7518 East Elbow Bend Road was built in 1987.

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