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Property profile & analytics
OFF-MARKET
Estimated value
$11,665,000
Warehouses
8009 Olive Ave Peoria, AZ 85345-7109
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0998438
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE
Total area
33,280 SF
Lot
4.15 ac (180,780 SF)
Zoning code
I-1
APN
142-21-003Q
UPID
US07-0998438
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
-
Apex Tactical Specialties Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.91M
Blend (final)
Blend
$11.67M
Owner & transaction history
Forward Movement Arizona Ll · 10 yrs held
Forward Movement Arizona Ll
since 2016
7 recorded transactions
Zoning & alternative use
I-1 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Light Industrial District (I-1). The I-1 District is intended to accommodate certain light industrial developments such as manufacturing uses which can be operated in a relatively clean, quiet and safe manner without causing adverse psychological influence or nuisance effects on surrounding property or similar reasons. The regulations and development standar…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
655.72 ac
Source
Chapter 21 ZONING
Top alternative use upside
Restaurant
$19.0M
+178.6%
Commercial (general)
$18.1M
+165.8%
Auto repair, garage
$13.7M
+101.2%
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
RESTAURANT
$18,975,000
Change: +179% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,105,000
Change: +166% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,700,000
Change: +101% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,690,000
Change: +86% · Conversion: Moderate
MEDICAL BUILDING
$8,055,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$11.67M
Range $10.50M – $12.83M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$36,947
Tax year 2023
Assessed value
$1,253,093
Assessed 2024
Previous assessed
$988,448
+26.8% YoY
Effective rate
2.95%
On assessed value
Land market value
$1,233,600
Improvement market value
$6,360,900
Total market value
$7,594,500
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
2001
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Units
3
Total area
33,280 SF
Lot
4.15 ac (180,780 SF)
Zoning code
I-1
APN
142-21-003Q
UPID
US07-0998438
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Peoria, AZZoning I-1 · permitted uses
I-1 · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Light Industrial District (I-1). The I-1 District is intended to accommodate certain light industrial developments such as manufacturing uses which can be operated in a relatively clean, quiet and safe manner without causing adverse psychological influence or nuisance effects on surrounding property or similar reasons. The regulations and development standards are designed to accommodate, control and limit such special uses for their own protection as well as for protection of the character of surrounding districts. L.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
655.72 ac
Source
Chapter 21 ZONING
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$19.0M
COMMERCIAL (GENERAL)
Est. value
$18.1M
AUTO REPAIR, GARAGE
Est. value
$13.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.7M
MEDICAL BUILDING
Est. value
$8.1M
RESTAURANT
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
2001
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
4.15 ac
Current owner
From public records · entity-resolved
Forward Movement Arizona Ll
Individual
Mailing address
2055 11TH ST, LOS OSOS, CA 93402-3216
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2018
—
Forward Movement Arizona LLC
—
Deed
related
$2,189,401 · Jpmorgan Chase Bank NA
Aug 24, 2017
—
Forward Movement Arizona LLC
—
Deed
related
$613,200 · Bank Of America
Aug 21, 2017
—
Forward Movement Arizona LLC
—
Deed
related
$1,615,000 · Cdc Small Business Finance Corp
Jul 21, 2016
—
Forward Movement Arizona LLC
—
Trustees Deed
related
$613,200 · Bank Of America
Jan 4, 2016
$3,350,000
Forward Movement Arizona Ll
Mc Property Management LLC
Warranty Deed
$1,666,000 · Bank Of America
—
—
Mc Property Management LLC
—
Loan Modification
related
$1,313,257 · National Bk/az
—
—
Forward Movement Arizona LLC
—
Deed Of Trust
related
$1,666,000 · Bank Of America
—
—
Mcproperty Management LLC
—
Deed Of Trust
related
$665,000 · National Bk/az
—
—
Mc Property Management LLC
—
Deed Of Trust
related
$1,549,162 · National Bk/az
—
—
Forward Movement Arizona LLC
—
Deed Of Trust
related
$613,200 · Bank Of America
—
—
Forward Movement Arizona LLC
—
Deed Of Trust
related
$2,279,200 · Bank Of America
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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