15182 75Th AvePeoria, AZ 85381

Property Details for 15182 75Th Ave

Lot size

2.98 AC

Zone code

PAD

Property type

Office properties

APN

200-63-585

APU

20063585

Description

This exceptional Class A, 2,345 square foot medical office condo in Peoria, Arizona, is available for $900,000 ($383.80/sq ft). Located at 15182 N 75th Ave, Suite A120, this vacant property boasts prominent visibility on a high-traffic thoroughfare (21,000 vehicles daily) with excellent signage. Previously used as a dental office, the building features seven operatories and benefits from its proximity to key amenities: 1.5 miles from Arrowhead Towne Center and 2.5 miles from Loop 101. The property sits in a desirable area with an average annual household income of $111,000. The zoning is PAD, and the property is a single-story building on a single lot (APN: 200-63-571). The property is ready for occupancy on October 1, 2024. This presents a strong owner/user or investment opportunity in a high-demand location. The net rentable square footage is 2,345 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $21,203,180

  6.5%

  $19,572,166

  7%

  $18,174,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,016,378

  Geo Method

  $20,016,378

• Alternative Use

  Use

  Valuation

  Residential

  $24,269,486

  Hospitality

  $22,230,720

  Educational

  $18,495,698

  Medical

  $19,131,792

  Retail

  $28,771,084

Location Insight

City

Peoria

County

Maricopa

State

Arizona

Latitude

33.6233

Longitude

-112.221

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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