8487 Washington St, Peoria, AZ 85345
This exceptional 1,832 square foot creative office space, built in 2017, presents a unique owner-user opportunity in the heart of downtown Peoria, Arizona. Located on a 7,000 square foot lot at 8487 W Washington St, 85345, this fee-simple property boasts a modern design and versatile layout, perfect for a blend of residential and commercial use. The single-story building features five parking spaces and is zoned CC. The interior includes a spacious open floor plan, granite countertops, stainless steel appliances, ceramic tile flooring, and dual-pane windows. The master suite offers a walk-in closet and tiled shower. Four large bedrooms, two with built-in desks, cater to both work and living needs. Outdoor amenities include an entertainer's backyard with a gazebo and pavers. Interior features include a two-car garage with epoxy flooring, an in-ground safe, and a surveillance system. The asking price is $700,000, translating to $382.10 per square foot. This property offers significant mixed-use potential in a high-demand downtown location, making it an attractive investment for a discerning buyer. The property is currently vacant. The APN is 142-41-056.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.