Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9780 Northern Ave Peoria, AZ 85345-4606

    • Strip malls
    • 14,775 SF
    • 2.65 lot acres
    OFF-MARKET
    Value Estimations
    $9,870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1484775
    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

    • The Sicilian Butcher / Restaurant
    • The Sicilian Baker / Bakery / Specialty Food Shop
    • LOFT / Clothing & Fashion Store
    • Tan Republic - Peoria / Tanning Salon
    • Amor Collective / Food Market / Farmer's Market

    Property Details for 9780 Northern Ave

    Year built
    2007
    Lot size
    2.65 lot acres
    Property size
    14,775 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    142-55-764
    APU
    14255764

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,086,000
      Market price range: $2.43M - $12.1M
      AI Estimate
      $7,650,000
      Market price range: $1.15M - $7.65M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,285,000
      RESTAURANT
      $8,425,000
      COMMERCIAL (GENERAL)
      $8,035,000
      AUTO REPAIR, GARAGE
      $6,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.27
    Latitude
    33.5522
    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
    $66,216
    $0.00
    $0.00
    $1,195,442
    -
    $789,700
    $6,455,400
    $7,245,100

    Comparable in this City

    • Value Estimation
      $1,915,000
      7,224 SF

      9008 99th Ave

      SHOPPING CENTER, STRIP CENTER • 7,224 SF
      9008 99th Ave, Peoria, AZ 85345-6948
      View Details
    • Value Estimation
      $4,615,000
      13,760 SF

      9069 Olive Ave

      SHOPPING CENTER, STRIP CENTER • 13,760 SF
      9069 Olive Ave, Peoria, AZ 85345-9124
      View Details
    • Value Estimation
      $4,820,000
      24,700 SF

      6750 Olive Ave

      SHOPPING CENTER, STRIP CENTER • 24,700 SF
      6750 Olive Ave, Peoria, AZ 85345-8888
      View Details
    • Value Estimation
      $535,000
      3,200 SF

      7530 Peoria Ave

      SHOPPING CENTER, STRIP CENTER • 3,200 SF
      7530 Peoria Ave, Peoria, AZ 85345-1200
      View Details
    • Value Estimation
      $4,330,000
      6,480 SF

      8877 107th Ave

      SHOPPING CENTER, STRIP CENTER • 6,480 SF
      8877 107th Ave, Peoria, AZ 85345-7507
      View Details
    • Value Estimation
      $14,580,000
      17,600 SF

      6750 Peoria Ave

      SHOPPING CENTER, STRIP CENTER • 17,600 SF
      6750 Peoria Ave, Peoria, AZ 85345-9316
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Retail Investment and Owner-User Opportunity

      Retail property with investment and owner-user potential in Peoria, AZ.
      8495 W Grand Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing
      7,000 SF

      Downtown Peoria Storefront Opportunity

      Prime Retail Space, Flexible Sizes, Arizona
      8286 Jefferson St, Peoria, AZ 85345
      View Details
    • Contact for pricing
      1,507 SF

      Former Drive-Thru on Grand Avenue

      Investment or owner-user opportunity with Grand Avenue frontage.
      8495 Grand Ave, Peoria, AZ 85345
      View Details
    • $1,300,000
      4,412 SF

      Peoria Restaurant & Investment

      Prime Peoria location, owner-user opportunity.
      8495 Grand Ave, Peoria, AZ 85345
      View Details
    • $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
      View Details
    • $1,350,000

      Retail Building with Outside Storage

      Retail property with frontage, high visibility, and outside storage.
      9117 W Grand Ave, Peoria, AZ 85345
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      900 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
      15,497 SF

      Peoria Retail Center Investment Opportunity

      Prime Peoria Retail Space Available
      7549 Cactus Rd, Peoria, AZ 85345
      View Details
    • Contact for pricing
      2,539 SF

      Peoria Retail Space: Walgreens Plaza

      Prime Peoria retail space, two units available.
      7425 Peoria Ave, Peoria, AZ 85345
      View Details
    • Contact for pricing

      Retail Spaces Available for Lease

      Retail spaces available for lease, anchored by Goodwill, Dollar Tree.
      6750 West Peoria Ave, Peoria, AZ 85345
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.7k
    • Avg Time on site
      39 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9780 Northern Ave
    Peoria, AZ 85345-4606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!