8232 Cactus RdPeoria, AZ 85381

Property Details for 8232 Cactus Rd

Year built

2005

Construction

CONCRETE

Lot size

0.03 AC

Property size (Sq ft)

4,875 SF

Zone code

C-2

Property type

Office buildings

APN

200-84-974

APU

20084974

Description

This 2,500-square-foot Class C medical office building, situated at 8232 W Cactus Rd, Suite #124, Peoria, AZ 85381, presents a fantastic leasing opportunity. Built in 2006 and renovated in 2022, this single-tenant property boasts five exam rooms, a procedure room, a spacious front office with a large waiting area, two staff workstations, a shared provider room, a kitchen, and two separate bathrooms (staff and patient). The building features high-speed internet access, making it immediately operational. Conveniently located near the intersection of 83rd Ave and Cactus Rd, with easy access to Highway 101, this professionally maintained plaza offers a prime location for medical practices. The property is zoned C and serviced by SRP power. The building is a single-story structure totaling 2,500 square feet, currently entirely vacant. Monthly HOA fees are covered by the landlord. Lease terms are negotiable.

• CAP approach

  CAP return

  Valuation

  6%

  $1,007,926

  6.5%

  $930,393

  7%

  $863,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $751,481

  Geo Method

  $751,481

• Alternative Use

  Use

  Valuation

  Residential

  $1,153,687

  Hospitality

  $1,056,771

  Educational

  $879,221

  Medical

  $909,459

  Retail

  $1,367,678

Location Insight

City

Peoria

County

Maricopa

State

Arizona

Latitude

33.5966

Longitude

-112.236

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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