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    12483 Jomax Rd Peoria, AZ 85383-9772
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    12483 Jomax Rd Peoria, AZ 85383-9772

    View on Map
    • Office buildings
    • 2,880 SF
    Off-Market
    Property ID
    US07-0723990
    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.
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 12483 Jomax Rd

    Year built
    2004
    Property size
    2,880 SF
    Property type
    Office buildings
    APN
    503-55-989
    APU
    50355989

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $854,000
      Market price range: $212k - $855k
      AI Estimate
      $706,000
      Market price range: $169k - $707k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $500,000
      Current use
      AUTO REPAIR, GARAGE
      $1,185,000
      Change: +138% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      Change: +120% Conversion: Difficult
      MEDICAL BUILDING
      $695,000
      Change: +40% Conversion: Easy
      WAREHOUSE, STORAGE
      $590,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.330436
    Latitude
    33.725765
    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
    2023
    $0.00
    $0.00
    $0.00
    $1,048,277
    -
    $3,389,200
    $3,599,314
    $6,988,514

    Comparable in this City

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    • Value Estimation
      $540,000
      5,172 SF

      9772 Yearling Rd, Unit 1640

      OFFICE BUILDING • 5,172 SF
      9772 Yearling Rd, Peoria, AZ 85383-1380
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    • Value Estimation
      $865,000
      3,185 SF

      29799 Lk Pleasant Rd

      OFFICE BUILDING • 3,185 SF
      29799 Lk Pleasant Rd, Peoria, AZ 85383
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    • Value Estimation by Request
      2,393 SF

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      OFFICE BUILDING • 2,393 SF
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      2,511 SF

      27980 Trilogy Blvd Ste, Unit 101

      OFFICE BUILDING • 2,511 SF
      27980 Trilogy Blvd Ste, Peoria, AZ 85383-4201
      View Details
    • Value Estimation by Request
      3,567 SF

      9840 Yearling Rd, Unit 1200

      OFFICE BUILDING • 3,567 SF
      9840 Yearling Rd, Peoria, AZ 85383-1377
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,451 SF

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      Office building with 6,451 square feet available for purchase.
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    • $1,200,000
      65,340 SF

      Prime Land in Peoria, AZ

      1.5 acre land site in a strong infill location.
      84-xx West Deer Valley Rd, Peoria, AZ 85383
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    • $369,999
      3.09 Acres

      Peoria, AZ Land For Sale

      3.09 acre commercial land available in Peoria, Arizona.
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    • Contact for pricing
      4,478 SF

      Retail Space Near Major Retailers

      Retail space for sale in high-traffic location.
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    • $450,000
      1.42 Acres

      Peoria, AZ Hillside Lot

      Prime lot with mountain views in gated community.
      7423 W Brookhart Way, Peoria, AZ 85383
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    • Contact for pricing

      Retail Space Near Lake Pleasant

      Retail space available in North Peoria, shadow-anchored by Lowe’s.
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    Similar Nearby for Lease

    • Contact for pricing
      1,625 SF

      Retail Space in Peoria, Arizona

      Retail spaces available in high-traffic community center.
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      Medical Office Space For Rent

      Medical office building in Northwest Peoria, ranging from 5,000-22,500 SqFt.
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    • 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
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      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

      Peoria Retail Space Available

      Retail spaces available in Peoria near Lake Pleasant.
      9940 W Happy Valley Rd, Peoria, AZ 85383
      View Details
    • Contact for pricing
      1,004 SF

      Retail Space in Peoria, Arizona

      Retail property for lease in a master-planned community.
      9918-10134 W Happy Valley Rd, Peoria, AZ 85383
      View Details
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    12483 Jomax Rd
    Peoria, AZ 85383-9772
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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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