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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Office buildings
15396 83rd Avee100 Peoria, AZ 85381-5622
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2861314
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
6,448 SF
Lot
0.04 ac (1,557 SF)
Zoning code
C-2
APN
200-63-262
UPID
US07-2861314
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jana's Skin Clinic Medical Clinic Skin Care Clinic
-
Del Soul Counseling, PLLC Physician Medical Clinic
-
Pinnacle Womens Center Physician
-
Desiree Brotsky, DO Physician
-
National Insurance Agency, LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Pratik Investment LLC · 4 yrs held
Pratik Investment LLC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
C-2 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+280.7%
Neighborhood: shopping center
$2.5M
+252.6%
Medical building
$1.8M
+164.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,655,000
Change: +281% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,460,000
Change: +253% · Conversion: Difficult
MEDICAL BUILDING
$1,845,000
Change: +164% · Conversion: Easy
WAREHOUSE, STORAGE
$1,320,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10% · vs last sale $1.97M (Aug 30 2021)
Last sale anchor
$1.97M
Aug 30 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$313 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,701
Tax year 2023
Assessed value
$61,628
Assessed 2024
Previous assessed
$51,187
+20.4% YoY
Effective rate
6.01%
On assessed value
Land market value
$74,700
Improvement market value
$298,800
Total market value
$373,500
Applied tax rate
111,208.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
6,448 SF
Lot
0.04 ac (1,557 SF)
Zoning code
C-2
APN
200-63-262
UPID
US07-2861314
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Peoria, AZ
Zoning C-2 · permitted uses
C-2 · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Peoria. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.3M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Pratik Investment LLC
Entity
Mailing address
2152 S VINEYARD STE #123, MESA, AZ 85210-6882
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
$1,970,000
Pratik Investment LLC
Neuro Holdings Unlimeted LLC
Special Warranty Deed
—
Dec 30, 2019
$1,300,000
Neuro Holdings Unlimited LLC
Matthias Enterprises LLC
Special Warranty Deed
$1,170,000 · First Citizens Bank & Trust Co
Jan 30, 2009
$1,016,955
Matthias Enterprises LLC
Delund LLC
Special Warranty Deed
$1,300,600 · Wells Fargo Bank NA
Nov 30, 2005
$1,181,091
Delund LLC
Kaizen Property Ventures LP
Special Warranty Deed
$1,503,600 · Wachovia Sba Lending INC
—
—
Delund LLC
—
Deed Of Trust
related
$50,000 · Richard M Scott
—
—
Michael S Define
—
Deed Of Trust
related
$30,000 · Richard M Scott
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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