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Property profile & analytics
OFF-MARKET
Estimated value
$5,195,000
Strip malls
8345 Thunderbird Rd Peoria, AZ 85381-3668
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0806049
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
CONCRETE
Total area
15,600 SF
Lot
2.57 ac (111,955 SF)
Zoning code
C-2
APN
200-79-973
UPID
US07-0806049
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
-
Ultra Dental - Peoria Dental Office
-
Dr. Eugene I. Kim, DMD (DBA, Alpha Dental) Dental Office
-
Classic Cuts II Barbershop Barber Shop
-
Hungry Howie's Pizza Take-out & Catering
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.82M
Comparable Approach
Comparable
$7.17M
Blend (final)
Blend
$5.20M
Owner & transaction history
Ham Maricopa LLC · 5 yrs held
Ham Maricopa LLC
since 2020
Last sale
$5.3M
4 recorded transactions
Zoning & alternative use
C-2 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.5M
+42.7%
Auto repair, garage
$6.4M
+8.0%
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
$4,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,135,000
6.5%
$3,815,000
7%
$3,545,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,950,000
Current use
COMMERCIAL (GENERAL)
$8,485,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,425,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$5.20M
Range $4.68M – $5.71M · ±10% · vs last sale $5.30M (Dec 8 2020)
Last sale anchor
$5.30M
Dec 8 2020
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
$333 / 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
$40,152
Tax year 2023
Assessed value
$636,356
Assessed 2024
Previous assessed
$507,773
+25.3% YoY
Effective rate
6.31%
On assessed value
Land market value
$1,935,500
Improvement market value
$1,921,200
Total market value
$3,856,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
15,600 SF
Lot
2.57 ac (111,955 SF)
Zoning code
C-2
APN
200-79-973
UPID
US07-0806049
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.57 ac
Current owner
From public records · entity-resolved
Ham Maricopa LLC
Entity
Mailing address
PO BOX 15662, PHOENIX, AZ 85060-5662
Ownership since
2020
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
Dec 8, 2020
—
Ham Maricopa LLC
Ham 83rd LLC
Quit Claim Deed
related
$8,100,000 · Miscellaneous Ins Co
Oct 29, 2014
—
Ham 83rd LLC
—
Grant Deed
related
$9,300,000 · Wells Fargo Bk
Aug 30, 2012
$5,300,000
Ham 83rd LLC
K & Y T-bird & 83rd Shops LLC
Grant Deed
—
Nov 17, 2004
—
K & Y T-bird & 83rd Shops LLC
K & Y Thunderbird & 83rd LLC
Quit Claim Deed
related
$4,400,000 · Ixis Real Estate Capital INC
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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