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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9720 Peoria Ave Peoria, AZ 85345-6131

    • Outlet malls
    • 43,138 SF
    • 7.43 lot acres
    OFF-MARKET
    Value Estimations
    $21,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1147865
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted Living Training School West Valley Campus / Training Centre / School
    • GenShield Commercial Insurance Group / Insurance Agency / Commercial Agent
    • Triton Pools / Swimming Pool Repair Service / Pool Cleaning Service
    • elite casino institute / Casino / Trade School
    • The Place of Spiritual Wisdom / Reiki Therapist / Wellness Center

    Property Details for 9720 Peoria Ave

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    7.43 lot acres
    Property size
    43,138 SF
    Zone code
    C-2
    Property type
    Outlet malls
    APN
    142-52-006E
    APU
    14252006E

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,351,000
      Market price range: $5.55M - $52.3M
      AI Estimate
      $21,351,000
      Market price range: $5.55M - $52.3M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $30,030,000
      Current use
      RESTAURANT
      $24,595,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.269
    Latitude
    33.5813
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $84,648
    $0.00
    $0.00
    $1,026,020
    -
    $1,565,200
    $4,653,100
    $6,218,300

    Comparable in this City

    • Value Estimation
      $7,830,000
      17,034 SF

      7440 Peoria Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 17,034 SF
      7440 Peoria Ave, Peoria, AZ 85345-6036
      View Details
    • Value Estimation
      $3,115,000
      14,924 SF

      9131 Grand Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 14,924 SF
      9131 Grand Ave, Peoria, AZ 85345
      View Details
    • Value Estimation
      $26,325,000
      110,580 SF

      8200 Peoria Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 110,580 SF
      8200 Peoria Ave, Peoria, AZ 85345-6172
      View Details
    • Value Estimation by Request
      103,402 SF

      10140 91st Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 103,402 SF
      10140 91st Ave, Peoria, AZ 85345-8310
      View Details
    • Value Estimation
      $4,990,000
      16,641 SF

      8702 Cholla St

      WHOLESALE OUTLET, DISCOUNT STORE • 16,641 SF
      8702 Cholla St, Peoria, AZ 85345-8663
      View Details
    • Value Estimation
      $38,240,000
      106,090 SF

      9201 Peoria Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 106,090 SF
      9201 Peoria Ave, Peoria, AZ 85345-6311
      View Details

    Similar Nearby for Sale

    • $1,650,000
      5,740 SF

      Grand Avenue Retail Opportunity

      Retail property with frontage and outside storage for sale.
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    • Contact for pricing
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      Downtown Peoria Storefront Opportunity

      Prime Retail Space, Flexible Sizes, Arizona
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    • $1,300,000
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      Goodwill Store Investment Opportunity

      Retail property featuring a top-performing Goodwill store.
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    • $1,300,000
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      Peoria Restaurant & Investment

      Prime Peoria location, owner-user opportunity.
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    • $995,000
      0.57 Acres

      Corner Lot Near 101 Freeway

      Corner lot near 101 Freeway, ideal for retail.
      9134 W Peoria Ave, Peoria, AZ 85345
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Peoria, Arizona

      Retail spaces available in a high-traffic community center.
      6811-6821 W Peoria Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      44,845 SF

      Peoria Power Center Retail Space

      Prime retail spaces available in high-traffic Peoria location.
      10250 N 91St Ave, Peoria, AZ 85345
      View Details
    • $18 SF/Yr
      16,490 SF

      Retail Center Near Peoria High

      Multi-tenant retail center with ample parking and high traffic.
      8738 W Cholla St, Peoria, AZ 85345
      View Details
    • Contact for pricing
      4,910 SF

      Retail Space in Peoria Development

      Retail spaces available in a new master-planned community.
      10174 Cotton Xing, Peoria, AZ 85345
      View Details
    • Contact for pricing

      Retail Space in Peoria, Arizona

      Retail spaces available in a high-traffic community center.
      6811 W Peoria Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      15,497 SF

      Peoria Retail Center Investment Opportunity

      Prime Peoria Retail Space Available
      7549 Cactus Rd, Peoria, AZ 85345
      View Details
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    Peoria, AZ 85345-6131
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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