Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20783 83rd Ave Peoria, AZ 85382-7429

    • Strip malls
    • 16,476 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $3,540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1569446
    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.

    Current Use by Public Records

    • Tested RF Cables / Electronic Parts Supplier
    • SHARKKS Therapy / Occupational Therapist / Physical Therapist
    • Panda Express / Chinese Restaurant / Asian Restaurant
    • Nicholas S. Jay, DC / Chiropractor
    • Shawn Williams / Occupational Therapist

    Property Details for 20783 83rd Ave

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    1.42 lot acres
    Property size
    16,476 SF
    Zone code
    PAD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    200-16-968
    APU
    20016968

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,365,000
      6.5%
      $4,030,000
      7%
      $3,745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,805,000
      Market price range: $2.70M - $13.5M
      AI Estimate
      $2,781,000
      Market price range: $1.29M - $8.53M

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.238
    Latitude
    33.6728
    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
    2016
    $46,036
    $49,067
    $288,557
    $337,624
    -
    $272,595
    $1,603,096
    $1,875,691

    Comparable in this City

    • Value Estimation by Request
      0.00 Acres

      8110 Un Hls Dr

      SHOPPING CENTER, STRIP CENTER • 0.00 Acres
      8110 Un Hls Dr, Peoria, AZ 85382
      View Details
    • Value Estimation
      $3,340,000
      5,000 SF

      21391 Lk Pleasant Pkwy

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      21391 Lk Pleasant Pkwy, Peoria, AZ 85382-2000
      View Details
    • Value Estimation
      $6,540,000
      17,473 SF

      9001 Un Hls Dr

      SHOPPING CENTER, STRIP CENTER • 17,473 SF
      9001 Un Hls Dr, Peoria, AZ 85382-3115
      View Details
    • Value Estimation
      $1,335,000
      4,970 SF

      9249 Un Hls Dr

      SHOPPING CENTER, STRIP CENTER • 4,970 SF
      9249 Un Hls Dr, Peoria, AZ 85382-8197
      View Details
    • Value Estimation
      $3,705,000
      7,500 SF

      9009 Lk Pleasant Pkwy

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      9009 Lk Pleasant Pkwy, Peoria, AZ 85382-8418
      View Details
    • Value Estimation
      $5,210,000
      7,800 SF

      20351 Lk Pleasant Rd

      SHOPPING CENTER, STRIP CENTER • 7,800 SF
      20351 Lk Pleasant Rd, Peoria, AZ 85382-9703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      80,000 SF

      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
      62,178 SF

      Retail Space Near Arrowhead Center

      Retail property for sale near Arrowhead Towne Center.
      7759 W Bell Rd, Peoria, AZ 85382
      View Details
    • Contact for pricing
      6,506 SF

      Retail Space Near Arrowhead Mall

      Retail property with high visibility near Arrowhead Towne Center.
      7873 W Bell Rd, Peoria, AZ 85382
      View Details
    • $850,000
      140,263 SF

      Land Near Peoria High School

      Approximately 2.838 acres of land for sale, zoned I-1.
      87Th Ave, Peoria, AZ 85382
      View Details
    • New
      $1,495,000
      2,846 SF

      Peoria Assisted Living Facility ForSale

      Turnkey assisted living home in a desirable Peoria neighborhood.
      Peoria, AZ 85382
      View Details
    • $1,200,000
      1.50 Acres

      Peoria Land Opportunity Available

      1.5-acre land site in Peoria's Arrowhead submarket.
      84xx W Deer Valley Rd, Peoria, AZ 85382
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,100 SF

      Retail Space in Peoria, Arizona

      Retail property for lease in established Northwest Valley trade area.
      9127 W Union Hills Dr, Peoria, AZ 85382
      View Details
    • Contact for pricing
      1,422 SF

      Retail Space in Peoria, Arizona

      Grocery-anchored retail space with high traffic and strong demographics.
      8940-8960 W Bell Rd, Peoria, AZ 85382
      View Details
    • Contact for pricing
      96,400 SF

      Arrowhead Palms Retail Center

      Peoria Strip Mall, High Traffic Area
      7369 Bell Rd, Peoria, AZ 85382
      View Details
    • Contact for pricing
      177,078 SF

      Peoria Retail Center Investment Opportunity

      Prime Peoria location, multiple suites available.
      0 83Rd Ave, Peoria, AZ 85382
      View Details
    • Contact for pricing
      422,938 SF

      Regional Retail Power Center

      422,938 SF retail center with strong co-tenancy.
      Arrowhead Xing, Peoria, AZ 85382
      View Details
    • Contact for pricing
      40,734 SF

      Peoria Retail Space For Rent

      Well-anchored shopping center in a busy Peoria location.
      8215-8235 W Bell Rd, Peoria, AZ 85382
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20783 83rd Ave
    Peoria, AZ 85382-7429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.