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Property profile & analytics
OFF-MARKET Estimated value $6,930,000
Strip malls

16680 83rd Ave Peoria, AZ 85382-5814

15,425 SF 1.61 ac lot Built 2004
Trust Owned 7-yr Hold ~ Est. High Equity
Property ID
US07-3282456
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction STEEL FRAME
Total area 15,425 SF
Lot 1.61 ac (70,225 SF)
Zoning code PAD
APN 200-53-640
UPID US07-3282456
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
  • Chipotle Mexican Grill Take-out & Catering Catering Service
  • Lamps Plus (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.01M
Blend (final) Blend
$6.93M
Owner & transaction history
Lewis,steven M & Janice I Trust · 7 yrs held
Lewis,steven M & Janice I Trust
since 2018
4 recorded transactions
2018
Price N/A
2005
$6.4M
2003
$1.0M
1969
Price N/A
Zoning & alternative use
PAD · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 21-601. Planned Area Development (PAD). A. Intent. The Planned Area Development District (PAD) is intended to provide an alternative zoning district to the conventional zoning and development approaches and processes in the City of Peoria, Arizona in order that within this designated District the following goals may be achieved: 1. To enhance the City's…

Zone name Planned Area Development
General category INDUSTRIAL
Zone area 12,203.05 ac
Source Chapter 21 ZONING
Top alternative use upside
Retail stores $10.7M +82.5%
Restaurant $8.8M +49.5%
Commercial (general) $8.4M +42.7%
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