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Property profile & analytics
OFF-MARKET
Estimated value
$11,065,000
Medical Office Space
26900 Lk Pleasant Pkwy Peoria, AZ 85383-1394
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-2140848
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
STEEL FRAME
Total area
43,185 SF
Lot
4.68 ac (203,794 SF)
Zoning code
PAD
APN
201-19-062
UPID
US07-2140848
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
-
Vitality Foot And Ankle Institute Medical Clinic
-
Timothy Rider, MD Pediatrician Physician
-
ROGER A WILLCOX Physician
-
SETH ALFRED FAGERLIE Physician
-
Heatherann Bal, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.09M
Comparable Approach
Comparable
$12.94M
Blend (final)
Blend
$11.07M
Owner & transaction history
Hc Med 1 2016 LLC · 5 yrs held
Hc Med 1 2016 LLC
since 2021
Last sale
$9.3M
5 recorded transactions
Zoning & alternative use
PAD · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.8M
+70.1%
Neighborhood: shopping center
$16.5M
+57.5%
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
Method
Estimation
Statistic approach
$12,830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,850,000
6.5%
$9,090,000
7%
$8,440,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,455,000
Current use
AUTO REPAIR, GARAGE
$17,780,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,470,000
Change: +58% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,840,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$11.07M
Range $9.96M – $12.17M · ±10% · vs last sale $9.30M (May 3 2021)
Last sale anchor
$9.30M
May 3 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$256 / SF
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
$179,066
Tax year 2023
Assessed value
$2,933,448
Assessed 2024
Previous assessed
$2,349,094
+24.9% YoY
Effective rate
6.10%
On assessed value
Land market value
$2,343,100
Improvement market value
$15,435,371
Total market value
$17,778,471
Applied tax rate
971,200.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
43,185 SF
Lot
4.68 ac (203,794 SF)
Zoning code
PAD
APN
201-19-062
UPID
US07-2140848
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$17.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.5M
WAREHOUSE, STORAGE
Est. value
$8.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
4.68 ac
Current owner
From public records · entity-resolved
Hc Med 1 2016 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
125 CAMELOT DR, FOND DU LAC, WI 54935-8038
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
—
Hc Med 1 2016 LLC
—
Deed
related
$8,500,000 · National Exchange Bank & Trust
Mar 3, 2022
—
Hc Med 1 2016 LLC
—
Deed
related
$8,500,000 · National Exchange Bank & Trust
May 3, 2021
$9,300,000
Hc Med 1 2016 LLC
C D Smith Construction INC
Warranty Deed
—
Jul 1, 2010
—
Cd Smith Construction INC
Hd Partners Peoria LLC
Quit Claim Deed
related
—
Sep 2, 2008
—
Hd Ptrs Peoria LLC
Owner Name Unavailable
Grant Deed
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.
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