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Financial
Distress signals
Property profile

8987 W Olive Ave Peoria, AZ 85345

FOR SALE
Strip malls
Property ID
US07-0406362
4,800 SF 2.47 ac lot Built 1998
Last sale Dec 2013 · $6,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$47k
Tax billed · 2023
Assessed value · 2024$677k
Effective rate6.99%

Value estimate

· Oct 2026
$5.46M
$4.91M – $6.00M
Submarket $/SF estimate$3.93M
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$2k
Operating expenses−$13k
NOI · 31.80% cap applied$38k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$381/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$164 – $818

Cap rate analysis

How does the asset earn?
31.80%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
Intermediate Commercial District (C-2). The C-2 District is intended to provide a shopping center for the sale of convenience goods and p...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm31.3
Realty agency30.7
Dental Office21.5

Location

8987 W Olive Ave Peoria, AZ 85345
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10651 Olive, Peoria, AZ 85345-7342 $2,670,897 May 2025 12,813 SF
7530 Peoria, Peoria, AZ 85345-1200 $505,000 Feb 2024 3,690 SF
11778 91st, Peoria, AZ 85345-5679 $3,500,000 Apr 2023 7,052 SF
10845 99th, Peoria, AZ 85345-2407 $880,000 May 2022 9,984 SF
6750 Olive, Peoria, AZ 85345-8888 $4,250,000 Dec 2021 3,000 SF
8520 Peoria Ave, Peoria, AZ 85345-6451 $1,700,000 Jan 2019 13,840 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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