Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,650,000
Warehouses
8969 Grand Ave Peoria, AZ 85345-8107
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1518139
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
CONCRETE
Total area
33,720 SF
Lot
3.44 ac (149,833 SF)
Zoning code
C-R
APN
142-45-939
UPID
US07-1518139
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
-
Creative House Fabrication Metal Fabrication Plant Factory
-
JR's Automotive Repair Auto Repair Shop
-
Public Storage Storage Facility
-
Rail-Tek Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.69M
Blend (final)
Blend
$10.65M
Owner & transaction history
F3 8969 Peoria Storage LLC · 3 yrs held
F3 8969 Peoria Storage LLC
since 2022
Last sale
$14.1M
7 recorded transactions
Zoning & alternative use
C-R · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 21 ZONING
Top alternative use upside
Auto repair, garage
$13.9M
+101.2%
Neighborhood: shopping center
$12.9M
+86.3%
Medical building
$8.2M
+18.3%
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
$9,405,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,900,000
Current use
AUTO REPAIR, GARAGE
$13,885,000
Change: +101% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,860,000
Change: +86% · Conversion: Moderate
MEDICAL BUILDING
$8,165,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$10.65M
Range $9.59M – $11.72M · ±10% · vs last sale $14.09M (Nov 29 2022)
Last sale anchor
$14.09M
Nov 29 2022
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
$316 / 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
$29,429
Tax year 2023
Assessed value
$1,064,960
Assessed 2024
Previous assessed
$912,067
+16.8% YoY
Effective rate
2.76%
On assessed value
Land market value
$1,210,400
Improvement market value
$5,243,900
Total market value
$6,454,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
6
Stories
1
Units
6
Total area
33,720 SF
Lot
3.44 ac (149,833 SF)
Zoning code
C-R
APN
142-45-939
UPID
US07-1518139
Jurisdiction
MARICOPA
Zoning & alternative use
C-R · Peoria, AZZoning C-R · permitted uses
C-R · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 21 ZONING
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$13.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.9M
MEDICAL BUILDING
Est. value
$8.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
3.44 ac
Current owner
From public records · entity-resolved
F3 8969 Peoria Storage LLC
Entity
Mailing address
30 HUDSON YARDS, NEW YORK, NY 10001-2170
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2022
$14,090,000
F3 8969 Peoria Storage LLC
Wpc Peoria 91st And Grand Storage L
Special Warranty Deed
$157,500,000 · The Guardian Life Insurance Co
Jun 15, 2021
$6,670,000
Wpc Peoria 91st And Grand Storage L
All Star Self Storage Of Arizona Ll
Special Warranty Deed
$4,843,000 · Enterprise Bank & Trust
Dec 23, 2019
—
All Star Self Storage Of Arizona Ll
Terrance K Barry
Warranty Deed
$2,100,000 · Mountain America FCU
Jul 6, 2006
—
91st & Grand Properties LLC
Niday,charles R
Warranty Deed
related
—
Jul 6, 1989
$711,000
Irvine Exchange
—
Deed Of Trust
related
—
Sep 8, 1987
—
Phoenix Ventures
—
Deed Of Trust
related
—
—
—
All Star Self Storage Of Arizona
—
Deed Of Trust
related
$1,275,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8969 Grand Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
