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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Warehouses
7630 Carol Ave Peoria, AZ 85345-6643
Entity Owned
22-yr Hold
Free & Clear
Property ID
US07-0814009
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
2,450 SF
Lot
3.48 ac (151,787 SF)
Zoning code
I-2
APN
142-18-017B
UPID
US07-0814009
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Michels Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$876k
Blend (final)
Blend
$860k
Owner & transaction history
Rogers Drive LP · 22 yrs held
Rogers Drive LP
since 2004
5 recorded transactions
Zoning & alternative use
I-2 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Heavy Industrial District (I-2). The I-2 District is intended to accommodate certain industrial structures and uses, including large-scale or very specialized industrial operations, having potential adverse environmental impacts on adjoining residential and commercial developments, and, to some extent, the nearby light industrial districts. The regulations a…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
148.51 ac
Source
Chapter 21 ZONING
Top alternative use upside
Commercial (general)
$1.3M
+165.8%
Auto repair, garage
$1.0M
+101.2%
Neighborhood: shopping center
$935,000
+86.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Peoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,335,000
Change: +166% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,010,000
Change: +101% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +86% · Conversion: Moderate
MEDICAL BUILDING
$595,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$351 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,812
Tax year 2022
Assessed value
$189,080
Assessed 2024
Previous assessed
$169,694
+11.4% YoY
Effective rate
5.19%
On assessed value
Land market value
$879,200
Improvement market value
$266,741
Total market value
$1,145,941
Applied tax rate
111,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
2,450 SF
Lot
3.48 ac (151,787 SF)
Zoning code
I-2
APN
142-18-017B
UPID
US07-0814009
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Peoria, AZZoning I-2 · permitted uses
I-2 · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Heavy Industrial District (I-2). The I-2 District is intended to accommodate certain industrial structures and uses, including large-scale or very specialized industrial operations, having potential adverse environmental impacts on adjoining residential and commercial developments, and, to some extent, the nearby light industrial districts. The regulations and development standards are structured to permit uses involve processing of raw materials and the manufacturing, processing and compounding of semi-finished or finished products. (Ord. No. 94-27, 6-7-94; Ord. No. 2017-33 , § 90, 6-13-17) Share Download Bookmark Print
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
148.51 ac
Source
Chapter 21 ZONING
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
MEDICAL BUILDING
Est. value
$595,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.48 ac
Current owner
From public records · entity-resolved
Rogers Drive LP
Entity
Free & Clear · 22 yrs held
Mailing address
817 MAIN ST, BROWNSVILLE, WI 53006-1444
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2004
$740,000
Rogers Drive LP
Howe,stephen R & Mary M
Grant Deed
—
Feb 27, 2003
$200,000
Stephen R Howe
Bigar,kathy L
Quit Claim Deed
related
$150,000 · Kathy L Bigar
May 18, 2000
—
John P Bigar
Bigar,kathy L
Quit Claim Deed
related
$264,660 · Individual
Aug 15, 1994
$142,000
Howe,stephen R & Mary M
Moyes
Trustees Deed
$112,000 · Seller
Aug 15, 1994
—
Jerry Moyes
Moyes
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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