Property profile

7425 Peoria Ave Peoria, AZ 85345

OFF-MARKET
Strip malls
Property ID
US07-3454144
10,032 SF 1 ac lot Built 2002
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 7425 W Peoria Ave, Peoria, AZ 85345, within the highly sought-after Walgreens Plaza. This strip center offers two available spaces, ranging from 1,249 to 1,290 square feet, perfect for a variety of businesses. The property boasts a prime location in the Greater Phoenix area, situated on a high-traffic corner, ensuring excellent visibility and accessibility for your business. Benefit from the synergistic effect of neighboring tenants, creating a thriving commercial environment. The property features a newly installed roof (December 2021), providing peace of mind and long-term cost savings. The strong demographics further enhance this investment opportunity. Within a 5-mile radius, there are an estimated 143,362 households, and within a 3-mile radius, the average household income is estimated at $100,739. This combination of location, amenities, and strong demographics makes this retail space an ideal choice for businesses seeking significant growth potential in a vibrant market. Don't miss this chance to establish your business in a thriving Peoria location. Contact us today to learn more about leasing options and availability.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Construction CONCRETE
Total area 10,032 SF
Lot 1 ac (43,476 SF)
Zoning code C-2
APN 143-48-227A
UPID US07-3454144

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
  • Dental Office
  • Dental Office
  • Restaurant
  • Church
  • Dental Office

Location

7425 Peoria Ave Peoria, AZ 85345-5876
Peoria metro Census 71914 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.33M
Blend (final) Blend
$2.12M

Owner & transaction history

since 2004
3 recorded transactions
2004
Price N/A
2004
$2.1M
2002
Price N/A

Zoning & alternative use

C-2 · Peoria, AZ
Zoning description

Intermediate Commercial District (C-2). The C-2 District is intended to provide a shopping center for the sale of convenience goods and personal services. In order to prevent the establishment of undesirable "strip" comm…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $4.1M +8.0%

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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