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Property profile & analytics
FOR LEASE
Strip malls
8520 W Peoria Ave Peoria, AZ 85345
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0735402
For Lease
1 / 2
$12 SF/Yr
8520 W Peoria Ave, Peoria, AZ 85345
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
13,840 SF
Lot
1.32 ac (57,543 SF)
Zoning code
C-3
APN
142-45-141A
UPID
US07-0735402
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$2.96M
Owner & transaction history
Peoria 85 Property LLC · 7 yrs held
Peoria 85 Property LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-3 · 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
$2.96M
Range $2.66M – $3.25M · ±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
$214 / 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
$20,147
Tax year 2022
Assessed value
$302,756
Assessed 2024
Previous assessed
$244,545
+23.8% YoY
Effective rate
6.65%
On assessed value
Land market value
$474,900
Improvement market value
$1,359,983
Total market value
$1,834,883
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
For Lease
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
13,840 SF
Lot
1.32 ac (57,543 SF)
Zoning code
C-3
APN
142-45-141A
UPID
US07-0735402
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Peoria, AZ
Zoning C-3 · permitted uses
C-3 · 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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.32 ac
Current owner
From public records · entity-resolved
Peoria 85 Property LLC
Entity
Mailing address
9037 N 52ND ST, PARADISE VALLEY, AZ 85253-1507
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Peoria 85 Property LLC
—
Deed
related
$1,650,000 · Firstbank
Jan 8, 2019
$1,700,000
Peoria 85 Property LLC
Abudis West LLC
Special Warranty Deed
$400,000 · Republic Bank
Nov 8, 2018
—
Maher S D Arekat
—
Deed
related
$206,000 · Lisa Khan
Jan 5, 2009
—
Maher Arekat
—
Trustees Deed
related
$200,000 · Lisa Khan
May 1, 1998
—
Diversified Shopping Centers
Diversified Associates
Quit Claim Deed
related
—
May 1, 1998
$427,130
Donahue Schriber Asset Mangeme
Diversified Shopping Centers
Trustees Deed
related
$4,019,875 · Donahue Schriber Realty Group
Jun 25, 1997
—
Abudis Properties INC
Hazem Arekat
Grant Deed
related
—
May 15, 1997
$675,000
Hazem Arekat
Singh Investment Corp INC
Grant Deed
$425,000 · Mortgage Ltd
Sep 20, 1996
$550,000
Singh Investment Corp INC
Progressive Corp
Grant Deed
—
—
—
Maher S D Arekat
—
Deed Of Trust
related
$206,000 · Lisa Khan
—
—
Abudis Properties INC
—
Deed Of Trust
related
$735,340 · Wells Fargo Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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