Sign Up Successful!
You now have access to more from Realmo!
    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

    87Th Ave Peoria, AZ 85382

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Approximately 2.838 acres of land for sale, zoned I-1.

    Property size:
    140,263 SF

    Property Features for 87Th Ave

    General Information

    Size
    140,263 SF

    We can help!

    Listing Contact
    Troy Giammarco
    Source: Naiglobal

    Listing Agent: Troy Giammarco

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

    Learn more

    Overview

    Land Near Peoria High School

    Available for sale is approximately 2.838 acres of land. The property is zoned I-1 and comprises parcels 142-44-002C and 142-44-004C. It is located immediately adjacent to Peoria High School and near the new Valleywise Health campus, formerly Maricopa Integrated Health Systems.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.247007
    Latitude
    33.568032

    Nearby Similar for Sale

    • New
      $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
    • $244,500
      1,144 SF

      Renovated Twin Home in 55+ Community

      Move-in ready twin home with modern updates in a vibrant community.
      10002 N 97Th Dr, Peoria, AZ 85345
      View Details
    • $4,999,950
      7,623 SF

      Luxury Assisted Living Home

      Exquisite 10-bedroom assisted living estate with unparalleled amenities.
      N Luxury Assisted Living Dr, Peoria, AZ 85383
      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
    • $440,000
      1,362 SF

      Updated Townhouse in Active Community

      Move-in ready townhouse with updated features and community amenities.
      9051 W Marco Polo Rd, Peoria, AZ 85382
      View Details
    • Contact for pricing
      2,858 SF

      Retail Pads with Drive-Thru

      Retail pads with drive-thru opportunities available for ground lease.
      Nwc Lk Pleasant Pkwy & Jomax Rd, Peoria, AZ
      View Details
    • $5,130,000
      7,872 SF

      Retail Space in Peoria, Arizona

      Retail property in a master-planned community near Loop 303.
      Swc Vistancia Blvd & El Mirage Rd, Peoria, AZ
      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
    • $75,000
      896 SF

      Peoria Mobile Home with Amenities

      3BR mobile home in Peoria community with pool and clubhouse.
      7810 W Peoria Ave, Peoria, AZ 85345
      View Details
    • $168,000
      1,584 SF

      Updated Home in Quiet Community

      Updated 4-bedroom home in Peoria, move-in ready with community pool.
      10951 N 91St 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

    FAQs

    What type of property is this?
    Land - Approximately 2.838 acres of land for sale, zoned I-1.
    Where is this land located?
    The property is located at 87Th Ave Peoria, AZ.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - ±2.838 Acres of Land; - Zoned I-1, offering diverse possibilities.; - Located at Grand Ave & 87th Ave.
    (602) 702-6515
    Request Owner's contact information
    87Th Ave Peoria, AZ 85382
    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.
    87Th Ave
    Peoria, AZ 85382
    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
    87Th Ave Peoria, AZ 85382
    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
    Troy Giammarco
    (602) 702-6515
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.