Technical
Financial
Distress signals
Property profile

40202 87th Ave Peoria, AZ 85383

OFF-MARKET
Office buildings
Property ID
US07-1737030
2,988 SF 218.97 ac lot Built 1970
Entity Owned 24-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction CONCRETE
Total area 2,988 SF
Lot 218.97 ac (9,538,333 SF)
Zoning code SR-43
APN 201-23-007
UPID US07-1737030

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
  • Restaurant
  • Fire Station
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Marina
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Location

40202 87th Ave Peoria, AZ 85383-9744
Peoria metro Census 610002 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$887k
Blend (final) Blend
$810k

Owner & transaction history

since 2002
1 recorded transaction
2002
Price N/A

Zoning & alternative use

SR-43 · Peoria, AZ
Zoning description

1-342 . Wireless Communication Facilities. Secs. 21-343-21-349. Reserved. Sec. 21-350 . Donation/Recycling Drop-Off Boxes. Sec. 21-400 . Residential Districts Secs. 21-401-21-407. Reserved. Sec. 21-408 . Suburban Ranch (…

General category RESIDENTIAL
Top alternative use upside
Auto repair, garage $1.2M +137.6%
Neighborhood: shopping center $1.1M +120.0%
Medical building $725,000 +39.7%

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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