Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    722 Grand Ave, Unit | Phoenix Peoria, AZ 85345

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,300,000

    0.54 acres of commercial land with C-3 zoning.

    We can help!

    Listing Contact
    Sean Lieb
    Sean Lieb
    Source: Tcnworldwide

    Listing Agent: Sean Lieb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land For Sale

    This 0.54-acre commercial land parcel is available for sale. The property benefits from frontage on both Grand Avenue and 7th Avenue. It is zoned C-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.2101486
    Latitude
    33.559718

    Nearby Similar for Sale

    • $1,495,000
      2,846 SF

      Peoria Assisted Living Facility ForSale

      Turnkey assisted living home in a desirable Peoria neighborhood.
      Peoria, AZ 85382
      View Details
    • $995,000
      0.57 Acres

      Corner Lot Near 101 Freeway

      Corner lot near 101 Freeway, ideal for retail.
      9134 W Peoria Ave, Peoria, AZ 85345
      View Details
    • $799,000
      3,105 SF

      Flex Industrial Condo For Sale

      Flex industrial condo with freeway frontage, restrooms with showers.
      9299 W Olive Ave, Peoria, AZ 85345
      View Details
    • $1,500,000
      5,740 SF

      Retail Building with Outside Storage

      Retail property with frontage, high visibility, and outside storage.
      9117 W Grand Ave, Peoria, AZ 85345
      View Details
    • $1,650,000
      5,740 SF

      Industrial Property with Outside Storage

      Warehouse with outside storage and high visibility in Peoria.
      9117-9123 W Grand Ave, Peoria, AZ 85345
      View Details
    • $1,650,000
      5,740 SF

      Grand Avenue Retail Opportunity

      Retail property with frontage and outside storage for sale.
      9117 W Grand Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      35,096 SF

      Retail Space Near Lake Pleasant

      Retail space available in North Peoria, shadow-anchored by Lowe’s.
      25101 N Lake Pleasant Pkwy, Peoria, AZ 85383
      View Details
    • Contact for pricing
      80,000 SF

      Arrowhead Pad Opportunity Available Soon

      Pad opportunity in Arrowhead area with strong retailer mix.
      16046 N Arrowhead Fountains Ctr Dr, Peoria, AZ 85382
      View Details
    • Contact for pricing
      62,178 SF

      Retail Space Near Arrowhead Center

      Retail property for sale near Arrowhead Towne Center.
      7759 W Bell Rd, Peoria, AZ 85382
      View Details
    • Contact for pricing
      180,000 SF

      Anchor Space in Peoria Center

      Junior anchor space available in a growing Peoria neighborhood.
      24640 N Lake Pleasant Pkwy, Peoria, AZ 85383
      View Details
    • Contact for pricing
      114,446 SF

      Industrial Warehouse Space Available

      114,446 SF industrial warehouse space for sale.
      9595 N 79Th Ave, Peoria, AZ 85345
      View Details
    • $125,000
      2,501 SF

      Peoria Healthcare Business Opportunity

      Active healthcare license for sale in Peoria, Arizona.
      8000 W Assisted Living Dr, Peoria, AZ 85383
      View Details

    FAQs

    What type of property is this?
    Land - 0.54 acres of commercial land with C-3 zoning.
    Where is this land located?
    The property is located at 722 Grand Ave, Unit | Phoenix Peoria, AZ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - C-3 Zoning offers a variety of possibilities.; - 0.54 Acres For Sale, a great opportunity.; - Frontage on Grand Ave offers excellent visibility.
    (602) 491-9295
    Request Owner's contact information
    722 Grand Ave, Unit | Phoenix Peoria, AZ 85345
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    722 Grand Ave, Unit | Phoenix
    Peoria, AZ 85345
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    722 Grand Ave, Unit | Phoenix Peoria, AZ 85345
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sean Lieb
    Sean Lieb
    Real Estate License ID: 742FA625-6C3D-44FC-A693-98BC8ACBDB82
    (602) 491-9295
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!