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Property profile & analytics
FOR LEASE
Strip malls
24654 N Lake Pleasant Pkwy Peoria, AZ 85383
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1399773
For Lease
1 / 6
Contact for pricing
24654 N Lake Pleasant Pkwy, Peoria, AZ 85383
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
STEEL FRAME
Total area
6,593 SF
Lot
1.21 ac (52,645 SF)
Zoning code
PAD
APN
201-08-146
UPID
US07-1399773
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
-
Arizona Light Gauge Steel Hardware & Home Improvement Interior Design
-
AirePros LLC HVAC Service General Contractor
-
The UPS Store Courier Service Postal Service
-
Savant Software Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Scaled Images LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lake Pleasant Pavilions Az LLC · 2 yrs held
Lake Pleasant Pavilions Az LLC
since 2023
Last sale
$29.0M
6 recorded transactions
Zoning & alternative use
PAD · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,967
Tax year 2023
Assessed value
$257,681
Assessed 2024
Previous assessed
$227,222
+13.4% YoY
Effective rate
8.91%
On assessed value
Land market value
$638,600
Improvement market value
$923,100
Total market value
$1,561,700
Applied tax rate
111,200.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,593 SF
Lot
1.21 ac (52,645 SF)
Zoning code
PAD
APN
201-08-146
UPID
US07-1399773
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Peoria, AZ
Zoning PAD · permitted uses
PAD · 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.
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Lake Pleasant Pavilions Az LLC
Entity
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
Ownership since
2023
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
Dec 20, 2023
$2,900,000
Lake Pleasant Pavilions Az LLC
Bva LP Spe LLC
Special Warranty Deed
—
Aug 3, 2022
$50,500,000
Bva LP Spe LLC
Excel Lake Pleasant LLC
Special Warranty Deed
$34,000,000 · Firstbank
Sep 21, 2018
—
Excel Lake Pleasant LLC
—
Deed
related
—
May 16, 2012
$28,250,000
Excel Lake Pleasant LLC
Lake Pleasant Pavilion I LLC
Special Warranty Deed
—
Sep 5, 2007
—
Lake Pleasant Pavilion I LLC
Lake Pleasant Pavilion LLC
Quit Claim Deed
related
$28,250,000 · Not Available
—
—
Excel Lake Pleasant LLC
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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