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Property profile & analytics
FOR LEASE
Commercial land

26320 N Lake Pleasant Pkwy Peoria, AZ 85383

65,399 SF 7.12 ac lot Built 2012
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US07-2274278
Property summary
AI-generated overview

This exceptional 70,000-square-foot medical office building, completed in 2023, presents a unique investment opportunity in the rapidly growing North Peoria area of Maricopa County, Arizona. The property, situated at 26320 N Lake Pleasant Pkwy, Peoria, AZ 85383, consists of two three-story buildings totaling 70,000 square feet, currently entirely vacant and ready for immediate occupancy. The minimum divisible space is 5,000 square feet, offering flexibility for various healthcare providers. The property boasts a cutting-edge design, ideal for creating an upscale image and identity for any medical practice. Its location within minutes of Loop 303 and in close proximity to Taiwan Semiconductor Manufacturing Company ensures high visibility and accessibility. The zoning is PAD, and adjacent land is available for future expansion. Highly visible building signage rights are also available. This purpose-built facility, designed to meet modern healthcare requirements, is situated in an underserved community with high demand for medical services, making it an attractive proposition for health systems and specialty medical groups. The property sits on over seven acres and benefits from in-patient hospital zoning.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2012
Construction STEEL FRAME
Total area 65,399 SF
Lot 7.12 ac (310,171 SF)
Zoning code PAD
APN 201-30-215
UPID US07-2274278
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.88M
Blend (final) Blend
$10.88M
Owner & transaction history
Lake Pleasant Mob LLC · 3 yrs held
Lake Pleasant Mob LLC
since 2022
4 recorded transactions
2022
Price N/A
2020
$3.2M
2020
Price N/A
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
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