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    Property profile & analytics

    6721 Thunderbird Rd Peoria, AZ 85381-5022

    • Grocery and convenience stores
    • 5,025 SF
    • 2.31 lot acres
    OFF-MARKET
    Value Estimations
    $4,145,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0269136
    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

    • Western Union / Bank / Credit Union
    • QuikTrip / Gas Station
    • Amazon Locker - Circe / Postal Service / Courier Service

    Property Details for 6721 Thunderbird Rd

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    2.31 lot acres
    Property size
    5,025 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    200-77-007T
    APU
    20077007T

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,187,000
      Market price range: $1.37M - $4.19M
      AI Estimate
      $4,106,000
      Market price range: $1.28M - $4.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,500,000
      RESTAURANT
      $2,865,000
      COMMERCIAL (GENERAL)
      $2,735,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.203
    Latitude
    33.61
    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
    2023
    $42,017
    $0.00
    $0.00
    $659,868
    -
    $2,736,300
    $1,262,897
    $3,999,197

    Comparable in this City

    • Value Estimation
      $26,130,000
      57,760 SF

      12320 83rd Ave

      GROCERY, SUPERMARKET • 57,760 SF
      12320 83rd Ave, Peoria, AZ 85381-4155
      View Details
    • Value Estimation
      $25,235,000
      60,261 SF

      7575 Cactus Rd

      GROCERY, SUPERMARKET • 60,261 SF
      7575 Cactus Rd, Peoria, AZ 85381-5201
      View Details
    • Value Estimation
      $1,185,000
      2,906 SF

      7460 Cactus Rd

      CONVENIENCE STORE • 2,906 SF
      7460 Cactus Rd, Peoria, AZ 85381-5326
      View Details
    • Value Estimation
      $40,665,000
      41,092 SF

      7421 Thunderbird Rd

      GROCERY, SUPERMARKET • 41,092 SF
      7421 Thunderbird Rd, Peoria, AZ 85381-5036
      View Details
    • Value Estimation by Request
      54,398 SF

      7518 Thunderbird Rd

      GROCERY, SUPERMARKET • 54,398 SF
      7518 Thunderbird Rd, Peoria, AZ 85381-6079
      View Details
    • Value Estimation
      $17,065,000
      60,240 SF

      7455 Cactus Rd

      GROCERY, SUPERMARKET • 60,240 SF
      7455 Cactus Rd, Peoria, AZ 85381-5399
      View Details

    Similar Nearby for Sale

    • $4,700,000
      4.39 Acres

      Thunderbird Road Commercial Land

      Prime Peoria location, 4.39 acres, C-2 zoned.
      7841 Thunderbird Rd, Peoria, AZ 85381
      View Details
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      3,200 SF

      Modern Warehouse with Highway Access

      Modern warehouse with 18' ceilings and easy highway access.
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      Peoria Medical Office Building

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      Improved Pad Site For Sale

      Improved pad site available fronting high-traffic road in Peoria, AZ.
      8870 W Thunderbird Rd, Peoria, AZ 85381
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    • $900,000
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      Greenway Medical Office Condo

      Peoria, AZ Medical Office Building
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      144,597 SF

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      Peoria, AZ Office Complex: Value-Add Opportunity
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    Similar Nearby for Lease

    • Contact for pricing
      875 SF

      Retail/Office Suites For Lease

      Retail and office suites available for lease.
      8380-8390 W Cactus Rd, Peoria, AZ 85381
      View Details
    • Contact for pricing
      2,490 SF

      Retail Space Available For Lease

      2,490 SF retail space for lease in Peoria, Arizona.
      7518 W Thunderbird Rd, Peoria, AZ 85381
      View Details
    • Contact for pricing
      1,373 SF

      Retail Space For Lease

      Retail space available for lease in Peoria, Arizona.
      7557 W Greenway Rd, Peoria, AZ 85381
      View Details
    • Contact for pricing
      9,870 SF

      Retail Space Available For Lease

      9,870 SF retail space for lease in Peoria, Arizona.
      8028 W Thunderbird Rd, Peoria, AZ 85381
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space Near Loop 101

      Retail space anchored by EOS Fitness with Loop 101 access.
      8360-8440 W Thunderbird Rd, Peoria, AZ 85381
      View Details
    • Contact for pricing
      4,092 SF

      Retail Space Near Loop 101

      Retail space in a busy, high-traffic area.
      7615 W Thunderbird Rd, Peoria, AZ 85381
      View Details

    Property Visit Statistics

    • Visits by month
      73.6k
    • Visitors by month
      45.8k
    • Avg Time on site
      10 min
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    Peoria, AZ 85381-5022
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    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
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