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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6750 Thunderbird Rd Peoria, AZ 85381

    • Strip malls
    • 15,330 SF
    • 1.47 lot acres
    For Lease
    View listing
    Last Sale
    Feb 14, 2022
    $5,950,000
    Value Estimations
    $5,370,000
    Cap Rate Potential
    4.5%
    Strip malls
    Location Intelligence
    Property ID
    US07-0548793
    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

    • Foot Solutions Peoria / Orthopedic Shoe Store / Foot Care
    • Shear Reflections Hair Salon / Beauty Salon / Hair Salon
    • Sala Nails & Spa / Nail Salon
    • Color Specialist by Kelly / Hair Salon
    • Thunderbird Wellness Centre / Medical Office

    Property Details for 6750 Thunderbird Rd

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    1.47 lot acres
    Property size
    15,330 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    200-69-111
    APU
    20069111

    Description

    Thunderbird Wellness Centre offers a unique opportunity to lease 3,727 square feet of medical office space in a thriving Peoria, Arizona location. Situated at 6750 W Thunderbird Rd, 85381, this single-story building is part of a larger 56,190 square foot medical complex comprised of four buildings. The property boasts a strategic location, offering convenient access to major healthcare providers such as Banner Thunderbird and Abrazo Arrowhead Hospitals, and is just a five-minute drive from Loop 101. This ensures excellent visibility and accessibility for patients and staff. The center features a diverse and established tenant mix, including USPI’s Metro Surgery Center and Canyon Orthopedic Surgeons, along with a pharmacy and other retail amenities, creating a synergistic and convenient environment for medical professionals. The available space is ideal for a variety of medical practices seeking a well-established and reputable location within a thriving medical community. The property is located in Maricopa County, Arizona. This is a multi-tenant building offering a single available space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,065,000
      6.5%
      $3,750,000
      7%
      $3,480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,529,000
      Market price range: $2.52M - $12.5M
      AI Estimate
      $4,771,000
      Market price range: $1.20M - $7.94M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,845,000
      Current use
      RESTAURANT
      $8,740,000
      Change: +50% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,340,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,310,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.204
    Latitude
    33.611
    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
    $31,649
    $0.00
    $0.00
    $579,279
    -
    $1,304,800
    $2,205,980
    $3,510,780

    Comparable in this City

    • Value Estimation by Request
      4,638 SF

      8376 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 4,638 SF
      8376 Cactus Rd, Peoria, AZ 85381-5210
      View Details
    • Value Estimation by Request
      20,200 SF

      7420 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 20,200 SF
      7420 Cactus Rd, Peoria, AZ 85381-9531
      View Details
    • Value Estimation
      $4,335,000
      8,400 SF

      8411 Thunderbird Rd

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      8411 Thunderbird Rd, Peoria, AZ 85381-3666
      View Details
    • Value Estimation by Request
      17,040 SF

      7435 Cactus Rd

      SHOPPING CENTER, STRIP CENTER • 17,040 SF
      7435 Cactus Rd, Peoria, AZ 85381-5300
      View Details
    • Value Estimation by Request
      5,564 SF

      8392 Thunderbird Rd

      SHOPPING CENTER, STRIP CENTER • 5,564 SF
      8392 Thunderbird Rd, Peoria, AZ 85381-5635
      View Details
    • Value Estimation
      $2,565,000
      9,898 SF

      9133 Thunderbird Rd

      SHOPPING CENTER, STRIP CENTER • 9,898 SF
      9133 Thunderbird Rd, Peoria, AZ 85381-4267
      View Details

    Similar Nearby for Sale

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    • $1,200,000
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      Peoria Medical Office Building

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      Former Education Facility For Sale

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    Similar Nearby for Lease

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      Retail Space in Peoria, Arizona

      Retail space available in Safeway-anchored shopping center.
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      Peoria Retail Strip Center For Lease

      Prime Peoria Retail Space Available
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      4,092 SF

      Retail Space Near Loop 101

      Retail space in a busy, high-traffic area.
      7615 W Thunderbird Rd, Peoria, AZ 85381
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      Retail Space on Cactus Road

      Retail space with excellent frontage and convenient highway access.
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    • $21 SF/Yr
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      Retail Space Near Loop 101

      Retail space anchored by EOS Fitness with Loop 101 access.
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      Retail/Office Suites For Lease

      Retail and office suites available for lease.
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      View Details
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    6750 Thunderbird Rd
    Peoria, AZ 85381
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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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