8866 Thunderbird Rd Peoria, AZ 85381-3000
Entity Owned
15-yr Hold
Free & Clear
Estimated value (blended)
$10.02M
Range $9.01M – $11.02M (±10%)
Property ID
US07-2263607
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2006
Construction
CONCRETE
Total area
26,134 SF
Lot
38.99 ac (1,698,569 SF)
Zoning code
R1-43
APN
200-61-018L
UPID
US07-2263607
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gym & Fitness Center
-
Gym & Fitness Center
-
Park Community Center
-
Sports Field & Court Sports School
-
Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.02M
Blend (final)
Blend
$10.02M
Owner & transaction history
since 2011
2 recorded transactions
Zoning & alternative use
R1-43 · Peoria, AZ
Zoning description
Permitted Principal Uses. Sec. 21-413. Property Development Standards for Permitted Conditional Uses. Sec. 21-414. Property Development Standards for Permitted Accessory Buildings. Sec. 21-415. Single Family Residential…
General category
RESIDENTIAL
Top alternative use upside
Restaurant
$14.9M
+109.3%
Commercial (general)
$14.2M
+99.7%
Auto repair, garage
$10.8M
+51.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$10.02M
Value range
$9.01M – $11.02M
±10% around blend
Estimated value / SF
$383 / SF
Confidence
None
1 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
10
$9.01M
blend $10.02M
$11.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,134 SF
Lot area
38.99 ac
Year built
2006
Stories
1
APN
200-61-018L
Assessed value
$3,043,290
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$10.02M
Weighted, 0 comps · none confidence
Evidence
1 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 45 sales
$272
+41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $383/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+109%
vs current-use indication
Commercial (general)
Auto Repair, Garage
Neighborhood: Shopping Center
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.04M
Move the market yield to see immediate price impact.
Value / SF
$116
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$192k
$3.83M
$2.74M
$2.13M
$213k
$4.26M
$3.04M
$2.37M
$234k
$4.69M
$3.35M
$2.60M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$3,043,290
Assessed 2024
Previous assessed
$2,602,950
+16.9% YoY
Land market value
$6,067,100
Improvement market value
$14,221,500
Total market value
$20,288,600
Applied tax rate
111,200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
3
Total area
26,134 SF
Lot
38.99 ac (1,698,569 SF)
Zoning code
R1-43
APN
200-61-018L
UPID
US07-2263607
Jurisdiction
MARICOPA
Zoning & alternative use
R1-43 · Peoria, AZZoning R1-43 · permitted uses
R1-43 · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Permitted Principal Uses. Sec. 21-413. Property Development Standards for Permitted Conditional Uses. Sec. 21-414. Property Development Standards for Permitted Accessory Buildings. Sec. 21-415. Single Family Residential…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
3
Lot
38.99 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R1-43
RESIDENTIAL
Jurisdiction
Peoria, AZ
Recorded code
R1-43
Official district
R1-43
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R1-43 in Peoria, AZ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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