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Property profile & analytics
OFF-MARKET
Estimated value
$8,825,000
Turn key restaurants
8955 Grand Ave Peoria, AZ 85345-8107
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US07-2776944
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
CONCRETE
Total area
14,057 SF
Lot
9.8 ac (426,748 SF)
Zoning code
C-4
APN
142-45-940
UPID
US07-2776944
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
-
Days Hotel by Wyndham Peoria Glendale Area Hotel & Motel
-
Valley of the Sun RV Resort Campground & RV Park
-
Arizona State Fairgrounds Resort
-
Rv park Hotel & Motel Bed & Breakfast
-
state farm stadium Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.14M
Blend (final)
Blend
$8.83M
Owner & transaction history
Peoria Business Corp · 18 yrs held
Peoria Business Corp
since 2008
7 recorded transactions
Zoning & alternative use
C-4 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
General Commercial District (C-4). The C-4 District is intended to facilitate a wide range of retail, office, service establishments, and other uses not suitable to be located adjacent to residential zones but necessary to accommodate the larger community. This district is particularly suitable along Grand Avenue and Bell Road where uses are primarily relate…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
135.69 ac
Source
Chapter 21 ZONING
Top alternative use upside
Retail stores
$9.8M
+22.1%
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
Alternative Use
Use
Estimation
RESTAURANT
$8,015,000
Current use
RETAIL STORES
$9,785,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,645,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$8.83M
Range $7.94M – $9.71M · ±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
$628 / 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
$57,025
Tax year 2023
Assessed value
$1,075,170
Assessed 2024
Previous assessed
$997,424
+7.8% YoY
Effective rate
5.30%
On assessed value
Land market value
$2,796,300
Improvement market value
$3,719,884
Total market value
$6,516,184
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
4
Total area
14,057 SF
Lot
9.8 ac (426,748 SF)
Zoning code
C-4
APN
142-45-940
UPID
US07-2776944
Jurisdiction
MARICOPA
Zoning & alternative use
C-4 · Peoria, AZZoning C-4 · permitted uses
C-4 · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
General Commercial District (C-4). The C-4 District is intended to facilitate a wide range of retail, office, service establishments, and other uses not suitable to be located adjacent to residential zones but necessary to accommodate the larger community. This district is particularly suitable along Grand Avenue and Bell Road where uses are primarily related to auto-borne clientele and by nature, create a high degree of turning movement. H.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
135.69 ac
Source
Chapter 21 ZONING
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$8.0M
RETAIL STORES
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
4
Lot
9.8 ac
Current owner
From public records · entity-resolved
Peoria Business Corp
Entity
Mailing address
8955 W GRAND AVE, PEORIA, AZ 85345-8107
Ownership since
2008
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
Jan 10, 2008
$1,725,000
Peoria Business Corp
Wagoner J D JR & G A Trust
Grant Deed
—
Dec 8, 2006
$2,300,000
Peoria Business Corp
Baker Square LLC
Grant Deed
—
Aug 24, 2000
—
Grand Bridge LLC
Bridge Financial Corp
Quit Claim Deed
related
—
Aug 23, 2000
$2,500,000
Bridge Financial Corp
Grand Inn Holding Co
Trustees Deed
related
—
Jun 29, 1999
—
Wagoner Trust
Wagoner,ajmes D
Quit Claim Deed
related
—
Dec 29, 1989
$200,000
Eastlake Constan
—
Grant Deed
related
—
Feb 21, 1989
—
Grand Inn INC
Unknown
Grant Deed
related
—
—
—
Peoria Business Corp
—
Deed Of Trust
related
$1,000,000 · Rajiv T & Anjanaben R Desai
—
—
Peoria Business Corp
—
Deed Of Trust
related
$2,000,000 · First Western Sblc 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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