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    Nwc Lk Pleasant Pkwy & Happy Vly Rd Peoria, AZ 85383

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    For Lease
    Contact for pricing

    Prime Peoria location, 19,180 SF available

    Lot size:
    24,841 SF

    Property Features for 0 Nwc Lk Pleasant Pkwy & Happy Vly Rd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,841 SF

    Spaces For Lease

    at 0 Nwc Lk Pleasant Pkwy & Happy Vly Rd, Peoria, AZ 85383 Contact us

    We can help!

    Listing Contact
    Zachary Pace
    Zachary Pace

    Listing Agency: Phoenix Commercial Advisors Listing Agent: Zachary Pace

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

    Learn more

    Overview

    This exceptional retail power center, situated at the Northwest corner of Lake Pleasant Parkway and Happy Valley Road in Peoria, Arizona (zip code 85383), offers a significant investment opportunity. The property boasts a total of 24,841 square feet, divided into five suites. Currently, a substantial 19,180 square feet of retail space is available for lease, offering flexibility for various business needs. Individual spaces range from a minimum of 1,004 square feet to a maximum contiguous space of 12,000 square feet, catering to a wide array of potential tenants. The property's strategic location benefits from its proximity to the new Loop 303, providing convenient access to Interstate 17 and excellent regional connectivity. Furthermore, this power center is ideally positioned within a thriving area, surrounded by seventeen master-planned communities with over 62,000 planned units. These communities include notable developments such as Vistancia (17,600 units), White Peak Ranch (8,000 units), Westwing Mountain (1,887 units), and Saddleback Heights (6,195 units), ensuring a robust and growing customer base. This presents a unique chance to establish a presence in a rapidly expanding market within Maricopa County. The property is categorized as a retail power center with multiple tenancy options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Power centers

    Map

    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.2722295
    Latitude
    33.7108745

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    FAQs

    What type of property is this?
    Power center - Prime Peoria location, 19,180 SF available
    Where is this power center located?
    The property is located at Nwc Lk Pleasant Pkwy & Happy Vly Rd Peoria, AZ.
    What are key features of this property?
    This property features: 24,841 SF retail power center in Peoria, AZ (85383), with 19,180 SF available for lease.; Located at the NW corner of Lake Pleasant Parkway and Happy Valley Road, offering excellent access to Loop 303 and I-17.; Strong demographics: over 161,000 people within a 5-mile radius, average incomes exceeding $166,000 within 3 miles.
    (602) 734-7212 Call to check price and availability
    Request Owner's contact information
    Nwc Lk Pleasant Pkwy & Happy Vly Rd Peoria, AZ 85383
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    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
    Nwc Lk Pleasant Pkwy & Happy Vly Rd Peoria, AZ 85383
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    Contact for Pricing
    Please call us for current price
    and status of this listing Zachary Pace
    Zachary Pace
    Real Estate License ID: SA508018000
    (602) 734-7212 (602) 920-9212 (602) 735-5555
    Learn more
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