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    19265 83rd Ave Peoria, AZ 85382-2841
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    Property profile & analytics

    19265 83rd Ave Peoria, AZ 85382-2841

    View on Map
    • Office buildings
    • 6,806 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Aug 21, 2020
    $2,975,000
    Property ID
    US07-3220062
    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
    $2,585,000
    Show details
    Cap Rate Potential
    2.6%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Gerber Collision & Glass / Auto Repair Shop
    • Matt Richey Agency / Insurance Agency

    Property Details for 19265 83rd Ave

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    2.00 lot acres
    Property size
    6,806 SF
    Zone code
    PI-1
    Property type
    Office buildings
    APN
    231-11-094
    APU
    23111094

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,815,000
      6.5%
      $1,675,000
      7%
      $1,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,098,000
      Market price range: $508k - $2.10M
      AI Estimate
      $1,669,000
      Market price range: $399k - $1.67M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,880,000
      COMMERCIAL (GENERAL)
      $3,700,000
      AUTO REPAIR, GARAGE
      $2,800,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,595,000
      MEDICAL BUILDING
      $1,650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.237
    Latitude
    33.6587
    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
    2022
    $40,944
    $0.00
    $0.00
    $587,199
    -
    $1,243,500
    $2,315,282
    $3,558,782

    Comparable in this City

    • Value Estimation
      $1,055,000
      3,808 SF

      7311 Bell Rd

      OFFICE BUILDING • 3,808 SF
      7311 Bell Rd, Peoria, AZ 85382-3870
      View Details
    • Value Estimation
      $740,000
      7,898 SF

      7747 Deer Vly Rdh3

      OFFICE BUILDING • 7,898 SF
      7747 Deer Vly Rdh3, Peoria, AZ 85382-2117
      View Details
    • Value Estimation by Request
      1,518 SF

      8266 Lk Pleasant Pkwy

      OFFICE BUILDING • 1,518 SF
      8266 Lk Pleasant Pkwy, Peoria, AZ 85382-7433
      View Details
    • Value Estimation
      $510,000
      4,744 SF

      8765 Kelton Lnb3

      OFFICE BUILDING • 4,744 SF
      8765 Kelton Lnb3, Peoria, AZ 85382-3584
      View Details
    • Value Estimation
      $715,000
      9,514 SF

      8671 Un Hls Dr, Unit 504

      OFFICE BUILDING • 9,514 SF
      8671 Un Hls Dr, Peoria, AZ 85382-7005
      View Details
    • Value Estimation by Request
      1,490 SF

      8092 Paradise Ln

      OFFICE BUILDING • 1,490 SF
      8092 Paradise Ln, Peoria, AZ 85382-4976
      View Details

    Similar Nearby for Sale

    • $2,495,000

      Peoria Office Condo For Sale

      Office condo with immediate availability in Peoria, Arizona.
      15396 North 83Rd Ave, Peoria, AZ 85382
      View Details
    • $3,056,900
      7,940 SF

      Medical Office Condo For Sale

      High-quality medical office condo in a thriving healthcare corridor.
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      1,400 SF

      Turnkey Dessert Shop Near Arrowhead

      Ice cream and boba shop in prime West Valley location.
      16055 N Arrowhead Fountains Ctr Dr, Peoria, AZ 85382
      View Details
    • Contact for pricing

      Arrowhead Pad Opportunity Available Soon

      Pad opportunity in Arrowhead area with strong retailer mix.
      16046 N Arrowhead Fountains Ctr Dr, Peoria, AZ 85382
      View Details
    • Contact for pricing

      Peoria Land Opportunity

      Land available in Peoria, Arizona.
      9044 Union Hills Dr, Peoria, AZ 85382
      View Details
    • $1,200,000
      1.50 Acres

      Prime Land in Peoria, AZ

      1.5-acre land site in a strong infill location.
      84XX W Deer Valley Rd, Peoria, AZ 85382
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr

      Peoria Office Space For Rent

      Office space with easy access to Loop 101 and Bell Road.
      9051 W Kelton Ln, Peoria, AZ 85382
      View Details
    • New
      Contact for pricing

      Peoria Center at Arrowhead

      Discover many ways to work your way in Peoria Center at Arrowhead
      16165 83Rd Ave, Glendale, AZ 85382
      View Details
    • Contact for pricing
      2,879 SF

      Garden Style Office in Peoria

      Multi-tenant office complex in West Phoenix Metro Area.
      9051 W Kelton Ln, Peoria, AZ 85382
      View Details
    • $17 SF/Yr
      1,650 SF

      Executive Office Suites in Peoria

      Prime Arrowhead location, 1,000 sq ft available
      8805 Union Hills Dr, Peoria, AZ 85382
      View Details
    • $17 SF/Yr

      Arrowhead Office Space Available

      West Valley office space in Arrowhead, Peoria, Arizona for lease.
      8805 W Union Hills Dr, Peoria, AZ 85382
      View Details
    • Contact for pricing

      Office Space in Peoria, Arizona

      Single tenant office space available for rent in Peoria.
      16150 N Arrowhead Fountains Ctr Dr, Peoria, AZ 85382
      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      2.0k
    • Avg Time on site
      34 min
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    Peoria, AZ 85382-2841
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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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