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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Flex space
8642 78th Ave, Peoria, AZ 85345-7979
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-1261458
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
CONCRETE
Total area
12,284 SF
Lot
0.68 ac (29,750 SF)
Zoning code
I-1
APN
142-20-090
UPID
US07-1261458
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
-
Brentech LLC. Industrial Manufacturer
-
Tractor sunshades - Thunderbird Arizona Products LLC Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.02M
Owner & transaction history
8642 N 78th LLC · 2 yrs held
8642 N 78th LLC
since 2023
7 recorded transactions
Zoning & alternative use
I-1 · 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
$1.02M
Range $918k – $1.12M · ±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
$83 / 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
$10,314
Tax year 2023
Assessed value
$228,063
Assessed 2024
Previous assessed
$166,413
+37.0% YoY
Effective rate
4.52%
On assessed value
Land market value
$243,000
Improvement market value
$1,139,200
Total market value
$1,382,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
12,284 SF
Lot
0.68 ac (29,750 SF)
Zoning code
I-1
APN
142-20-090
UPID
US07-1261458
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Peoria, AZ
Zoning I-1 · permitted uses
I-1 · 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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
8642 N 78th LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8642 N 78TH AVE, PEORIA, AZ 85345-7979
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
—
8642 N 78th LLC
Mrl Mortgage Limited Partnership
Warranty Deed
—
Jun 24, 2019
$955,000
Mrl Mortgage Limited Partnership
Phase 2 Enterprises INC
Warranty Deed
$668,500 · First International Bank & Trust
Feb 15, 2018
—
Enterprises INC
—
Deed
related
$754,000 · Western State Bank
Aug 7, 2017
—
Phase 2 Ents INC
—
Trustees Deed
related
$46,000 · Western St Bk
Jan 26, 2015
—
Myers-reid INC
—
Trustees Deed
related
$46,000 · Western St Bk
Jul 31, 1995
$357,500
Myers-reid INC
Wetco Partnership
Grant Deed
$277,500 · Seller
—
—
Phase 2 Ents INC
—
Loan Modification
related
—
—
—
Myers-reid INC
—
Loan Modification
related
—
—
—
Phase 2 Ents INC
—
Loan Modification
related
—
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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