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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
8232 Cactus Rd C-1 Peoria, AZ 85381-5217
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1941770
Property summary
AI-generated overview
This 2,500-square-foot Class C medical office building, situated at 8232 W Cactus Rd, Suite #124, Peoria, AZ 85381, presents a fantastic leasing opportunity. Built in 2006 and renovated in 2022, this single-tenant property boasts five exam rooms, a procedure room, a spacious front office with a large waiting area, two staff workstations, a shared provider room, a kitchen, and two separate bathrooms (staff and patient). The building features high-speed internet access, making it immediately operational. Conveniently located near the intersection of 83rd Ave and Cactus Rd, with easy access to Highway 101, this professionally maintained plaza offers a prime location for medical practices. The property is zoned C and serviced by SRP power. The building is a single-story structure totaling 2,500 square feet, currently entirely vacant. Monthly HOA fees are covered by the landlord. Lease terms are negotiable.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
CONCRETE
Total area
4,875 SF
Lot
0.03 ac (1,213 SF)
Zoning code
C-2
APN
200-84-974
UPID
US07-1941770
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
-
J S Bisla LLC Physician
-
Jennifer Buonano, DC Alternative Medicine Practice
-
Healthy Family Chiropractic Alternative Medicine Practice
-
Dr. Bryan Rand Alternative Medicine Practice
-
Dr. Sonya Mody Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$559k
Blend (final)
Blend
$625k
Owner & transaction history
Onjoe Investments LLC · 4 yrs held
Onjoe Investments LLC
since 2022
Last sale
$640,000
4 recorded transactions
Zoning & alternative use
C-2 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+89.3%
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
$720,000
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
$525,000
Current use
WAREHOUSE, STORAGE
$1,000,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $640k (Jul 8 2022)
Last sale anchor
$640k
Jul 8 2022
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
$128 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,888
Tax year 2022
Assessed value
$49,583
Assessed 2024
Previous assessed
$41,089
+20.7% YoY
Effective rate
5.82%
On assessed value
Land market value
$60,100
Improvement market value
$240,400
Total market value
$300,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,875 SF
Lot
0.03 ac (1,213 SF)
Zoning code
C-2
APN
200-84-974
UPID
US07-1941770
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
$525,000
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Onjoe Investments LLC
Entity
Mailing address
9836 W YEARLING RDF1300, PEORIA, AZ 85383-1376
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2023
—
Onjoe Investments LLC
—
Deed
related
$560,000 · Bank Of America NA
Jul 8, 2022
$640,000
Onjoe Investments LLC
Sns Investments LLC
Special Warranty Deed
$599,000 · Midfirst Bank
Apr 6, 2022
$400,000
Sns Investments LLC
Jabir Bisla
Warranty Deed
—
Jun 25, 2008
$580,000
Jasbir Bisla
83rd Ave & Cactus Retaillc
Special Warranty Deed
$573,000 · Cit Small Business Lending Corp
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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