Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7532 Harmont Dr Peoria, AZ 85345-8030

    • Office buildings
    • 1,388 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Oct 14, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0390677
    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

    • Paint by Steve / Paint Store
    • The Race Shack / Race Car Dealer

    Property Details for 7532 Harmont Dr

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    0.29 lot acres
    Property size
    1,388 SF
    Zone code
    I-1
    Property type
    Office buildings
    APN
    142-23-016A
    APU
    14223016A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.221
    Latitude
    33.555
    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
    $4,265
    $0.00
    $0.00
    $73,825
    -
    $124,400
    $323,025
    $447,425

    Comparable in this City

    • Value Estimation by Request
      750 SF

      9797 99th Ave

      OFFICE BUILDING • 750 SF
      9797 99th Ave, Peoria, AZ 85345-6904
      View Details
    • Value Estimation by Request
      952 SF

      9091 Grand Ave

      OFFICE BUILDING • 952 SF
      9091 Grand Ave, Peoria, AZ 85345
      View Details
    • Value Estimation by Request
      3,640 SF

      12040 91st Ave

      OFFICE BUILDING • 3,640 SF
      12040 91st Ave, Peoria, AZ 85345-8122
      View Details
    • Value Estimation by Request
      2,960 SF

      8200 75th Ave

      OFFICE BUILDING • 2,960 SF
      8200 75th Ave, Peoria, AZ 85345-8023
      View Details
    • Value Estimation by Request
      1,838 SF

      9701 Peoria Ave

      OFFICE BUILDING • 1,838 SF
      9701 Peoria Ave, Peoria, AZ 85345-6107
      View Details
    • Value Estimation by Request
      2,100 SF

      7538 Harmont Dr

      OFFICE BUILDING • 2,100 SF
      7538 Harmont Dr, Peoria, AZ 85345-8030
      View Details

    Similar Nearby for Sale

    • $940,000
      3,200 SF

      Medical Office with Kennel Area

      3200 SF medical office featuring treatment and kennel areas.
      9875 W Peoria Ave, Peoria, AZ 85345
      View Details
    • $1,650,000
      5,740 SF

      Industrial Property with Outside Storage

      Warehouse with outside storage and high visibility in Peoria.
      9117-9123 W Grand Ave, Peoria, AZ 85345
      View Details
    • $168,000
      1,584 SF

      Updated Home in Quiet Community

      Updated 4-bedroom home in Peoria, move-in ready with community pool.
      10951 N 91St Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      5 SF

      Land Near Loop 101

      Commercial land available near Loop 101 and Park West.
      8102 N 99Th Ave, Peoria, AZ 85345
      View Details
    • $244,500
      1,144 SF

      Renovated Twin Home in 55+ Community

      Move-in ready twin home with modern updates in a vibrant community.
      10002 N 97Th Dr, Peoria, AZ 85345
      View Details
    • Contact for pricing
      114,446 SF

      Industrial Warehouse Space Available

      114,446 SF industrial warehouse space for sale.
      9595 N 79Th Ave, Peoria, AZ 85345
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      1,750 SF

      Peoria Office Space For Rent

      Office space in Peoria's central district with modern layouts.
      14100 83Rd Ave, Peoria, AZ 85345
      View Details
    • $16 SF/Yr
      3,105 SF

      Peoria Industrial Office For Lease

      Industrial office space available for lease near Loop 101.
      9299 W Olive Ave Bldg 2, Peoria, AZ 85345
      View Details
    • Contact for pricing
      112,838 SF

      Crossroads Plaza Retail Center

      Peoria, AZ Retail Space Available
      6750 Peoria Ave, Peoria, AZ 85345
      View Details
    • $5,000 /Mo

      Peoria, AZ Commercial Land

      Commercial land for rent in a vibrant Peoria location.
      14108 N 88Th Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      1,505 SF

      Peoria Retail Space For Lease

      Retail space with high visibility and ample parking available for lease.
      9828 W Northern Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      4,910 SF

      Retail Space in Peoria Development

      Retail spaces available in a new master-planned community.
      10174 Cotton Xing, Peoria, AZ 85345
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7532 Harmont Dr
    Peoria, AZ 85345-8030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.