Entity Owned
No photos on file
For Lease
$35 SF/Yr
9165 W Thunderbird Rd, Peoria, AZ 85381
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Property summary
AI-generated overview
The property is a 3,507-square-foot office space configured for medical or general office use. It is located just west of Loop 101 in Peoria, Sun City, and Glendale, and sits within a large non-hospital medical campus in Arizona. The site is positioned near multiple hospital facilities, including Arrowhead Hospital, Boswell Hospital, and Banner Thunderbird Hospital. The property includes tenant improvement allowances and was offered with a five-year lease term, with accommodations for office occupancy.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
STEEL FRAME
Total area
28,547 SF
Lot
1.99 ac (86,630 SF)
Zoning code
PUD
APN
200-80-970
UPID
US07-0922161
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
-
Physician
-
Physician Medical Clinic
-
Physician
-
Medical Clinic
-
Physician Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.01M
Comparable Approach
Comparable
$9.79M
Blend (final)
Blend
$10.26M
Owner & transaction history
since 2023
Last sale
$8.2M
3 recorded transactions
Zoning & alternative use
PUD · Peoria, AZ
Zoning description
Sec. 21-612 . Establishment of a Planned Community District. Sec. 21-613 . Amendments to an Approved Planned Community District. Sec. 21-614 . Appeals. Sec. 21-615 . Definitions. Sec. 21-616 . Planned Unit Development (P…
General category
PLANNED_DEVELOPMENT
Top alternative use upside
Auto repair, garage
$11.8M
+44.1%
Neighborhood: shopping center
$10.9M
+33.4%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.26M
Value range
$9.23M – $11.29M
±10% around blend
Estimated value / SF
$359 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$9.23M
blend $10.26M
$11.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
28,547 SF
Lot area
1.99 ac
Year built
2006
Stories
2
APN
200-80-970
Zoning
PUD
Assessed value
$972,362
Annual tax
$75,656
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.01M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.51M
@ 6.5% CAP return
$6.01M
@ 7% CAP return
$5.58M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$75,656
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$10.78M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
34.3 mi away · 28,510 SF
35.8 mi away · 23,912 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.26M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 40 sales
$286
+26%
Submarket 56 sales
$242
+48%
County 682 sales
$255
+41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $359/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+44%
vs current-use indication
Neighborhood: Shopping Center
Medical Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
3.80%
Selected cap rate for this medical office space
Derived from the Peoria market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.80%
9.0%
NOI (est.)
$371k *
Last sale · Nov 2023
$8.20M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.77M
Move the market yield to see immediate price impact.
Value / SF
$342
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
3.30%3.80%4.30%
$334k
$10.13M
$8.79M
$7.77M
$371k
$11.25M
$9.77M
$8.63M
$408k
$12.38M
$10.75M
$9.50M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$10.20M
11.0 mi · Feb 2026 · $486/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$75,656
Tax year 2023
Assessed value
$972,362
Assessed 2024
Previous assessed
$872,644
+11.4% YoY
Effective rate
7.78%
On assessed value
Land market value
$1,548,300
Improvement market value
$4,344,800
Total market value
$5,893,100
Applied tax rate
111,208.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
28,547 SF
Lot
1.99 ac (86,630 SF)
Zoning code
PUD
APN
200-80-970
UPID
US07-0922161
Jurisdiction
MARICOPA
Zoning & alternative use
PUD · Peoria, AZZoning PUD · permitted uses
PUD · Peoria, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Sec. 21-612 . Establishment of a Planned Community District. Sec. 21-613 . Amendments to an Approved Planned Community District. Sec. 21-614 . Appeals. Sec. 21-615 . Definitions. Sec. 21-616 . Planned Unit Development (P…
General category
PLANNED_DEVELOPMENT
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
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.99 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
PUD
PLANNED_DEVELOPMENT
Jurisdiction
Peoria, AZ
Recorded code
PUD
Official district
PUD
Official district profile
What the municipal code says about PUD
Zoning description
Sec. 21-612 . Establishment of a Planned Community District. Sec. 21-613 . Amendments to an Approved Planned Community District. Sec. 21-614 . Appeals. Sec. 21-615 . Definitions. Sec. 21-616 . Planned Unit Development (P…
General category
PLANNED_DEVELOPMENT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD 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.
One complete report on every paid plan · 30 · 300 reports per month.
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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