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    Property profile & analytics

    8102 N 99Th Ave Peoria, AZ 85345

    • Specialty properties
    • 12,400 SF
    • 5.39 lot acres
    For Sale
    View listing
    Last Sale
    Feb 18, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1478655
    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

    • The Prescott at Park West / Apartment Complex

    Property Details for 8102 N 99Th Ave

    Year built
    2023
    Lot size
    5.39 lot acres
    Property size
    12,400 SF
    Property type
    Specialty properties
    APN
    142-61-964
    APU
    14261964

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $51,139,000
      Market price range: $5.42M - $250M
      AI Estimate
      $47,262,000
      Market price range: $3.51M - $240M

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.273
    Latitude
    33.5538
    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
    $8,395
    $0.00
    $0.00
    $4,012,810
    -
    $8,025,600
    $32,102,500
    $40,128,100

    Comparable in this City

    • Value Estimation
      $22,685,000
      7,104 SF

      8295 Jefferson St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 7,104 SF
      8295 Jefferson St, Peoria, AZ 85345-6514
      View Details
    • Value Estimation
      $19,160,000
      6,000 SF

      9550 Peoria Ave

      CHARITABLE ORGANIZATION • 6,000 SF
      9550 Peoria Ave, Peoria, AZ 85345-6104
      View Details
    • Value Estimation
      $20,775,000
      6,505 SF

      6960 Peoria Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,505 SF
      6960 Peoria Ave, Peoria, AZ 85345-6023
      View Details
    • Value Estimation
      $23,420,000
      7,333 SF

      10955 79th Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 7,333 SF
      10955 79th Ave, Peoria, AZ 85345-5967
      View Details
    • Value Estimation
      $31,050,000
      9,722 SF

      10611 83rd Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 9,722 SF
      10611 83rd Ave, Peoria, AZ 85345-5904
      View Details
    • Value Estimation
      $21,335,000
      6,681 SF

      11275 99th Ave

      CHARITABLE ORGANIZATION • 6,681 SF
      11275 99th Ave, Peoria, AZ 85345-5471
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available Near Freeway

      Approximately 5.5 acres of net developable land for sale.
      95th Ave & Olive Ave, Peoria, AZ 85345
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      Peoria Land Parcel Near Loop

      Land parcel available near Loop 101 in Peoria, Arizona.
      10649 N 91St Ave, Peoria, AZ 85345
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      Goodwill Store Investment Opportunity

      Retail property featuring a top-performing Goodwill store.
      8517 W Grand Ave, Peoria, AZ 85345
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    • Contact for pricing
      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
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    • $745,000
      1.00 Acre

      Peoria, AZ Land Opportunity

      Three lots available for development in Peoria, Arizona.
      9825 W Peoria Ave, Peoria, AZ 85345
      View Details
    • $1,350,000

      Multifamily Property with Development Potential

      Multifamily property in Peoria, AZ with development potential.
      11507 N 79Th Dr, Peoria, AZ 85345
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Rent

      Commercial property available for rent in Peoria, Arizona.
      9440 N 75Th Ave, Peoria, AZ 85345
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    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Peoria, Arizona.
      9516 W Peoria Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing

      Retail Pads Near New Development

      Retail pads available near residential and recreational areas.
      83rd Ave & Olive Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      10,867 SF

      Retail Space with Large Parking

      Retail space featuring a hard corner location and ample parking.
      7440 W Peoria Ave, Peoria, AZ 85345
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    • Contact for pricing
      44,845 SF

      Peoria Power Center Retail Space

      Prime retail spaces available in high-traffic Peoria location.
      10250 N 91St Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      900 SF

      Retail Space Near Peoria High

      Retail space for lease near residential area and school.
      8520 W Peoria Ave, Peoria, AZ 85345
      View Details
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    8102 N 99Th Ave
    Peoria, AZ 85345
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    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
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