Property profile

8940 Bell Rd Peoria, AZ 85382

OFF-MARKET
Strip malls
Property ID
US07-1072149
8,561 SF 1.8 ac lot Built 1997
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1997
Construction CONCRETE
Total area 8,561 SF
Lot 1.8 ac (78,440 SF)
Zoning code PAD
APN 200-42-941
UPID US07-1072149

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Take-out & Catering Catering Service
  • Take-out & Catering
  • Roofing Company General Contractor

Location

8940 Bell Rd Peoria, AZ 85382-4713
Peoria metro Census 617600 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.24M
Blend (final) Blend
$3.62M

Owner & transaction history

since 2021
Last sale
$5.6M
4 recorded transactions
2021
$5.6M
2005
$5.8M
1998
$3.2M
1998
Price N/A

Zoning & alternative use

PAD · Peoria, AZ
Zoning description

Sec. 21-601. Planned Area Development (PAD). A. Intent. The Planned Area Development District (PAD) is intended to provide an alternative zoning district to the conventional zoning and development approaches and processe…

General category INDUSTRIAL
Top alternative use upside
Retail stores $6.0M +82.5%
Restaurant $4.9M +49.5%
Commercial (general) $4.7M +42.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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