Corner Mixed-Use
For Sale
$2,200,000
9460 W PEORIA Avenue, Peoria, AZ 85345
C-2 zoning supports varied commercial uses near HWY-101.
Property Size8,628 SF
Price / SF$254.98
Days on Market225
Property Features for 9460 W PEORIA Avenue
General Information
Standard status
Active
Size
8,628 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$8,508
Building Details
Year Built
1979
Listing Agency:
Arizona International Real Estate
(520) 904-2900
Listed By:
Brittany Khalil · License #SA694938000
(520) 904-2900
Source:
Exitrealty
Added: Jan 18
Changed: Aug 30
Last Checked: Aug 30 at 8:43PM
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 Arizona International Real Estate
Investment Insights
Based on property information with market context.
This mixed-use commercial building at 9460 W Peoria Avenue includes 8 private suites within 8,628 square feet. Constructed in 1979, the property occupies a corner lot and provides more than 50 on-site parking spaces for occupants and visitors.
C-2 zoning supports a broad range of commercial uses. The building is positioned near HWY-101 within a professional and retail corridor, providing a recognizable commercial setting for office and other permitted uses.
C-2 zoning supports a broad range of commercial uses. The building is positioned near HWY-101 within a professional and retail corridor, providing a recognizable commercial setting for office and other permitted uses.
Key Highlights
- 8 private suites within 8,628 square feet
- C‑2 zoning allows a broad range of commercial uses
- More than 50 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,465
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,589,300
$2.6M
Cap Rate 7%
$1,849,500
$1.8M
Cap Rate 9%
$1,438,500
$1.4M
Market Conditions
NOI Build-Up for 8,628 SF
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.
Gross rent
$201.9K $23.40/SF
− Vacancy
−$29.3K −$3.39/SF
EGI
$172.6K $20.01/SF
− OpEx
−$43.2K −$5.00/SF
NOI
$129.5K $15.01/SF
Area
Peoria, AZ
Vacancy
14.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,589,300
Cap Rate 7%
$1,849,500
Cap Rate 9%
$1,438,500
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,465 @ 7.0% cap · market cap 5.88%
Second Best
Mixed Use
$1.66M
$1.46M – $1.94M
NOI $116,478 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,698 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 85345, AZ
61,024
Population
24,273
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
4,805
Density / Sq Mi
$64,563
Median Household Income
$40,280
Median Earnings
$1,563
Median Rent
$278,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 zoning supports varied commercial uses near HWY-101.
Where is this mixed-use property located?
The property is located at 9460 W PEORIA Avenue Peoria, AZ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 8 private suites within 8,628 square feet; C‑2 zoning allows a broad range of commercial uses; More than 50 on‑site parking spaces
