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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Retail space
8227 Grand Ave Peoria, AZ 85345-6566
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1315458
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Construction
CONCRETE
Total area
10,434 SF
Lot
0.13 ac (5,875 SF)
Zoning code
C-C
APN
142-14-041
UPID
US07-1315458
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
-
2nd Chance Indoor Flea Market (Bike/Boat/Book/etc) Store
-
Home Plus Furniture 2 LLC Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.18M
Owner & transaction history
Phg Fund I LLC · 8 yrs held
Phg Fund I LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-C · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±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
$209 / 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
$4,686
Tax year 2023
Assessed value
$83,969
Assessed 2024
Previous assessed
$70,074
+19.8% YoY
Effective rate
5.58%
On assessed value
Land market value
$68,200
Improvement market value
$440,700
Total market value
$508,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1915
Construction
CONCRETE
Heating
SPACE
Cooling
YES
Stories
1
Total area
10,434 SF
Lot
0.13 ac (5,875 SF)
Zoning code
C-C
APN
142-14-041
UPID
US07-1315458
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Peoria, AZ
Zoning C-C · permitted uses
C-C · 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.
Building & site characteristics
From public records
Year built
1915
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Phg Fund I LLC
Entity
Mailing address
9454 WILSHIRE BLVD, BEVERLY HILLS, CA 90212-2931
Ownership since
2017
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 22, 2017
$277,750
Phg Fund I LLC
M & T Bank
Grant Deed
related
—
May 2, 2016
$378,474
M & T Bk
Cook Eric L|meza,gerardo
Trustees Deed
related
—
Apr 4, 2005
—
Gerardo Meza
Meza,gerardo
Quit Claim Deed
related
—
Mar 7, 2005
$645,000
Gerardo Meza
Yakubov,boris
Grant Deed
$354,750 · Interbay Funding LLC
Feb 29, 2000
$287,000
Boris Yakubov
Seay,larry W & Barbara S
Grant Deed
$232,000 · Seller
Oct 5, 1998
—
Larry W Seay
Seay,larry W & Barbara
Quit Claim Deed
related
—
—
—
Boris Yakubov
—
Deed Of Trust
related
$5,000 · Michael L Berger Od PC Emp Svgs Plan
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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