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    75th Ave And Cactus Rd Peoria, AZ 85381

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    75th Ave And Cactus Rd Peoria, AZ 85381

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    • Neighborhood centers
    • 5,088 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 75th Ave And Cactus Rd

    Property size
    5,088 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail strip center, located at the highly visible intersection of 75th Avenue and Cactus Road in Peoria, Arizona (zip code 85381), offers 5,088 square feet of completely vacant space. The property is classified as a multi-tenant strip center in Maricopa County. Three individual spaces are available for lease, ranging from a minimum of 1,530 square feet to a maximum contiguous space of 1,890 square feet. This presents a unique opportunity for businesses seeking high-traffic visibility in a thriving Peoria commercial corridor. The property's strategic location ensures excellent exposure to a large customer base. The address is easily accessible from major roadways, providing convenient access for both customers and employees. This is an ideal location for a variety of retail businesses seeking a prominent presence in a busy commercial area. The entire 5,088 square feet is currently available, allowing for flexibility in lease terms and space configuration to suit individual business needs. Interested parties are encouraged to inquire about lease rates and terms. This prime retail space won't remain available for long.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.218
    Latitude
    33.5954

    Comparable in this City

    • Value Estimation
      $1,475,000
      4,638 SF

      8376 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 4,638 SF
      8376 Cactus Rd, Peoria, AZ 85381-5210
      View Details
    • Value Estimation
      $12,780,000
      20,200 SF

      7420 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 20,200 SF
      7420 Cactus Rd, Peoria, AZ 85381-9531
      View Details
    • Value Estimation
      $4,480,000
      8,400 SF

      8411 Thunderbird Rd

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      8411 Thunderbird Rd, Peoria, AZ 85381-3666
      View Details
    • Value Estimation
      $3,470,000
      17,040 SF

      7435 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 17,040 SF
      7435 Cactus Rd, Peoria, AZ 85381-5300
      View Details
    • Value Estimation
      $3,280,000
      5,564 SF

      8392 Thunderbird Rd

      SHOPPING CENTER, STRIP CENTER • 5,564 SF
      8392 Thunderbird Rd, Peoria, AZ 85381-5635
      View Details
    • Value Estimation
      $2,310,000
      9,898 SF

      9133 Thunderbird Rd

      SHOPPING CENTER, STRIP CENTER • 9,898 SF
      9133 Thunderbird Rd, Peoria, AZ 85381-4267
      View Details

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      Retail Space on Cactus Road

      Retail space with excellent frontage and convenient highway access.
      7440 W Cactus Rd, Peoria, AZ 85381
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      Retail Space Available For Lease

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      Retail/Office Suites For Lease

      Retail and office suites available for lease.
      8380-8390 W Cactus Rd, Peoria, AZ 85381
      View Details
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    Peoria, AZ 85381
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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
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