Technical
Financial
Distress signals
Property profile

12370 83rd Ave Peoria, AZ 85381

OFF-MARKET
Strip malls
Property ID
US07-1002593
12,150 SF 1.15 ac lot Built 2005
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail space totaling 1,312 square feet within a Safeway-anchored shopping center in a densely populated Metro Phoenix submarket. It is positioned near the 101 Loop and is located along 83rd Avenue and Cactus Road, with documented traffic volumes of approximately 20,816 vehicles on 83rd Avenue and 19,860 vehicles on Cactus Road.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Construction CONCRETE
Total area 12,150 SF
Lot 1.15 ac (50,230 SF)
Zoning code C-2
APN 200-79-968
UPID US07-1002593

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
  • Insurance Agency
  • Insurance Agency
  • Gym & Fitness Center
  • Real Estate Agency
  • Real Estate Agency

Location

12370 83rd Ave Peoria, AZ 85381-4161
Peoria metro Census 71517 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
$3.18M
Blend (final) Blend
$2.76M

Owner & transaction history

since 2004
1 recorded transaction
2004
$740,000

Zoning & alternative use

C-2 · Peoria, AZ
Zoning description

Intermediate Commercial District (C-2). The C-2 District is intended to provide a shopping center for the sale of convenience goods and personal services. In order to prevent the establishment of undesirable "strip" comm…

General category COMMERCIAL

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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