Property profile

8966 Cactus Rd Peoria, AZ 85381

OFF-MARKET
Flex space
Property ID
US07-1939380
19,860 SF 0.46 ac lot Built 2007
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 19,955-square-foot industrial manufacturing facility, located at 8966 W Cactus Rd in Peoria, Arizona (zip code 85381), presents a compelling investment opportunity. Built in 2007, the property sits on a 54,580-square-foot lot and boasts an 18-foot ceiling height, three loading docks, and two dock-high doors. The property features ample parking (3 spaces per 1,000 square feet) and benefits from convenient access to major freeways, including the Loop 101 and US-60. Currently leased under a triple-net (NNN) lease agreement with a tenant in the firearms retail industry, the lease has approximately 1.9 years remaining, expiring October 31, 2026. The property is zoned PAD and offers grade-level doors and common truckwells. The asking price is $3,700,000, translating to $185 per square foot. This represents an estate sale priced for a quick sale. The property's prime location within the Empire Business Center in Peoria ensures strong tenant demand and potential for future appreciation. This is an exceptional opportunity to acquire a stable, income-producing asset with minimal landlord responsibilities.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2007
Construction CONCRETE
Total area 19,860 SF
Lot 0.46 ac (19,955 SF)
Zoning code PAD
APN 200-97-418
UPID US07-1939380

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
  • Shooting Range Education Center

Location

8966 Cactus Rd Peoria, AZ 85381-5211
Peoria metro Census 71517 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.05M
Blend (final) Blend
$1.46M

Owner & transaction history

since 2025
Last sale
$2.8M
4 recorded transactions
2025
Price N/A
2025
$2.8M
2010
$1.4M
2008
Price N/A

Zoning & alternative use

PAD · Peoria, AZ
Zoning description

Sec. 21-601. Planned Area Development (PAD). A. Intent. The Planned Area Development District (PAD) is intended to provide an alternative zoning district to the conventional zoning and development approaches and processe…

General category INDUSTRIAL
Top alternative use upside
Medical building $5.7M +181.1%
Warehouse, storage $4.1M +101.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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