8495 W Grand Ave, Peoria, AZ 85345
Investment or owner-user opportunity with Grand Avenue frontage.
- Added:
- Apr 5, 2023
- Days on Market:
- 1163
- Last Refresh:
- May 12 at 10:13 pm
Property Features for 8495 W Grand Ave
General Information
- Standard status
- Active
- Size
- 4,412 SF
- Property subtype
- Retail
Listing agent Sean Lieb License #AZ
Listing office LevRose Commercial Real Estate
Listing date Apr 5, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of LevRose Commercial Real Estate
HighLights
- Grand Avenue Frontage
- Investment or Owner User Sale Opportunity
- Located in the center of Peoria
- Former Drive Thru for Lease
- Close proximity to Seattle Mariners Spring Training Stadium (3 Miles)
- Close proximity to State Farm Cardinals Stadium (5 Miles)
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.9k | $22.20 |
| − Vacancy | −$4.4k | −$1.00 |
| EGI | $93.5k | $21.20 |
| − OpEx | −$23.4k | −$5.30 |
| NOI | $70.2k | $15.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.244196
- Latitude
- 33.586217
