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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Office buildings
7972 Thunderbird Rd Ste 105 Peoria, AZ 85381-4903
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1516136
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
9,064 SF
Lot
0.05 ac (1,997 SF)
Zoning code
C-2
APN
200-62-984
UPID
US07-1516136
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$890k
Owner & transaction history
Mikaht LLC · 2 yrs held
Mikaht LLC
since 2023
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
C-2 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,095,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$980,000
Current use
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $900k (Nov 14 2023)
Last sale anchor
$900k
Nov 14 2023
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
$98 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,651
Tax year 2023
Assessed value
$78,408
Assessed 2024
Previous assessed
$65,365
+20.0% YoY
Effective rate
5.93%
On assessed value
Land market value
$95,000
Improvement market value
$380,200
Total market value
$475,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
9,064 SF
Lot
0.05 ac (1,997 SF)
Zoning code
C-2
APN
200-62-984
UPID
US07-1516136
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Peoria, AZ
Zoning C-2 · permitted uses
C-2 · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Peoria. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$980,000
OFFICE BUILDING Current
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
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Mikaht LLC
Entity
Mailing address
7972 W THUNDERBIRD RD, PEORIA, AZ 85381-4903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$900,000
Mikaht LLC
Sjs Estates LLC
Special Warranty Deed
$600,000 · The American Commercial Bank & Trus
Mar 6, 2023
$695,000
Sjs Estates LLC
Kafora Holding Group LLC
Special Warranty Deed
$486,000 · America First FCU
May 4, 2022
$635,000
Kafora Holding Group LLC
Jw Thunderbird LLC
Special Warranty Deed
$476,250 · Firstbank
Nov 30, 2021
—
Basic Beats Holdings LLC
—
Deed
related
$131,000 · Cdc Small Business Finance Corp
Nov 2, 2020
—
Jw Thunderbird LLC
—
Deed
related
$48,000 · Western Alliance Bank
Mar 3, 2006
$387,158
Jw Thunderbird LLC
Thundebird Pv Development Lc
Special Warranty Deed
$500,000 · Wells Fargo Bank NA
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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