Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12101 Blackstone Dr Peoria, AZ 85383-7893

    • Specialty properties
    • 9,725 SF
    • 18.00 lot acres
    OFF-MARKET
    Value Estimations
    $31,060,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1334234
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Golf Course / Golf Course
    • Blackstone Country Club at Vistancia / Golf Course

    Property Details for 12101 Blackstone Dr

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    18.00 lot acres
    Property size
    9,725 SF
    Zone code
    PAD
    Property type
    Specialty properties
    APN
    503-52-483E
    APU
    50352483E

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $32,281,000
      Market price range: $4.25M - $196M
      AI Estimate
      $29,833,000
      Market price range: $2.75M - $188M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.321
    Latitude
    33.7652
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2016
    $116,226
    $109,575
    $1,039,800
    $1,149,375
    -
    $730,500
    $6,932,000
    $7,662,500

    Comparable in this City

    • Value Estimation
      $16,380,000
      5,129 SF

      32900 White Peak Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,129 SF
      32900 White Peak Dr, Peoria, AZ 85383-4690
      View Details
    • Value Estimation
      $24,365,000
      7,630 SF

      27980 Trilogy Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 7,630 SF
      27980 Trilogy Blvd, Peoria, AZ 85383-4200
      View Details
    • Value Estimation
      $22,985,000
      1,164 SF

      Peoria, AZ 85383

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,164 SF
      Peoria, AZ 85383
      View Details
    • Value Estimation
      $17,090,000
      5,352 SF

      30500 131st Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,352 SF
      30500 131st Ave, Peoria, AZ 85383-8075
      View Details
    • Value Estimation
      $21,585,000
      1,093 SF

      10741 El Cortez Pl

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,093 SF
      10741 El Cortez Pl, Peoria, AZ 85383-9643
      View Details
    • Value Estimation
      $14,180,000
      4,440 SF

      27008 High Desert Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,440 SF
      27008 High Desert Dr, Peoria, AZ 85383-3636
      View Details

    Similar Nearby for Sale

    • $369,999
      3.09 Acres

      Peoria, AZ Land For Sale

      3.09 acre commercial land available in Peoria, Arizona.
      W Westwind Dr, Peoria, AZ 85383
      View Details
    • $1,495,000
      Pending

      Peoria Land Parcel For Sale

      2.18 acre land parcel in Peoria, Arizona.
      2xxxx N 71St Ave, Peoria, AZ 85383
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Westward Skies Dr & El Mirage Rd, Peoria, AZ 85383
      View Details
    • Contact for pricing
      8,069 SF

      Retail Space in Growing Community

      Retail space in Peoria's Vistancia, a master-planned community.
      28620 N El Mirage Rd, Peoria, AZ 85383
      View Details
    • New
      $487,000
      1.09 Acres

      North Peoria County Island Lot

      One-acre lot in Peoria's 85383 zip code, ideal for building.
      26426 N 102Nd Ave, Peoria, AZ 85383
      View Details
    • $685,000
      2.50 Acres

      2.5 Acres in North Peoria

      Land with mountain views, development potential, desirable North Peoria location.
      92nd Ave --, Peoria, AZ 85383
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lake Pleasant Pavilion For Lease

      Waterfront land available for lease at Lake Pleasant.
      24890 N Lake Pleasant Pkwy, Peoria, AZ 85383
      View Details
    • Contact for pricing
      24,841 SF

      Peoria Retail Power Center Opportunity

      Prime Peoria location, 19,180 SF available
      0 Nwc Lk Pleasant Pkwy & Happy Vly Rd, Peoria, AZ 85383
      View Details
    • Contact for pricing

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease in Glendale, Arizona.
      Glendale 75Th Ave, Glendale, AZ 85383
      View Details
    • Contact for pricing

      Commercial Land Near Super-Target

      Up to 25,000 SF buildable near major retail.
      24720 N Lake Pleasant Pkwy, Peoria, AZ 85383
      View Details
    • Contact for pricing

      Mixed-Use Project in Peoria, AZ

      Planned mixed-use project in Vistancia master planned community.
      El Mirage Rd & Lone Mtn Pkwy, Peoria, AZ 85383
      View Details
    • Contact for pricing

      Peoria Retail Space Available

      Retail spaces available in Peoria near Lake Pleasant.
      9940 W Happy Valley Rd, Peoria, AZ 85383
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12101 Blackstone Dr
    Peoria, AZ 85383-7893
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!