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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Distribution centers
8175 Grand Ave Peoria, AZ 85345-6567
Individually Owned
19-yr Hold
Free & Clear
Property ID
US07-1553754
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Construction
CONCRETE
Total area
10,297 SF
Lot
0.14 ac (6,000 SF)
Zoning code
CCM
APN
142-14-067
UPID
US07-1553754
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
-
Worship & Word Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.10M
Owner & transaction history
Worship · 19 yrs held
Worship
since 2006
7 recorded transactions
Zoning & alternative use
CCM · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 21 ZONING
Top alternative use upside
Medical building
$2.5M
+18.3%
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
WAREHOUSE, STORAGE
$2,105,000
Current use
MEDICAL BUILDING
$2,495,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$1,785,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±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
$203 / 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
Assessed value
$212,295
Assessed 2024
Previous assessed
$176,310
+20.4% YoY
Land market value
$65,200
Improvement market value
$1,350,100
Total market value
$1,415,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
10,297 SF
Lot
0.14 ac (6,000 SF)
Zoning code
CCM
APN
142-14-067
UPID
US07-1553754
Jurisdiction
MARICOPA
Zoning & alternative use
CCM · Peoria, AZZoning CCM · permitted uses
CCM · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 21 ZONING
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE 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
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Worship
Individual
Free & Clear · 19 yrs held
Mailing address
8175 W GRAND AVE, PEORIA, AZ 85345-6567
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2019
—
Worship & Word The Nw United P
—
Grant Deed
related
$1,065,000 · Firstbank
Apr 29, 2010
—
Worship & Word The Northwest U
—
Trustees Deed
related
$900,000 · Americas Christian Cu
Dec 18, 2006
$925,000
Worship
Assetia Pz LLC
Grant Deed
—
Nov 4, 2005
$710,000
Assetia T LLC
Tsai,chris S H
Grant Deed
$532,100 · Security National Life Ins
Sep 16, 1988
—
Tsai Chris S H
Unknown
Grant Deed
related
—
Jan 18, 1988
$773,099
Chris S Tsai
Actio
Grant Deed
related
—
—
—
Worship & Word Of Northwest Unite
—
Deed Of Trust
related
$985,000 · Americas Christian Cu
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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