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Property profile

20351 Lk Pleasant Rd Peoria, AZ 85382

OFF-MARKET
Strip malls
Property ID
US07-1392873
View Sample
7,800 SF 8.59 ac lot Built 2003
Entity Owned 7-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2003
Construction CONCRETE
Total area 7,800 SF
Lot 8.59 ac (374,306 SF)
Zoning code C-2
APN 200-14-960
UPID US07-1392873

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
  • Cafe & Coffee Shop
  • Bank Credit Union
  • Cinema (Bike/Boat/Book/etc) Store
  • Bank Credit Union
  • Grocery & Convenience Store Food Market

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.38M
Blend (final) Blend
$8.04M

Owner & transaction history

since 2018
6 recorded transactions
2019
Price N/A
2018
$8.0M
2012
$6.5M
2011
$6.6M
2004
Price N/A
1969
Price N/A

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
Top alternative use upside
Retail stores $5.4M +82.5%
Restaurant $4.4M +49.5%
Commercial (general) $4.2M +42.7%

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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