NOT LISTED FOR SALE

9501 W Peoria Ave Peoria, AZ 85345

Estimated Value: $2,810,956

-- Bed
-- Bath
16,470 Sq Ft
$171/Sq Ft Est. Value

Last Sold November 01, 2024

Last sale price $2,825,000 $172 Per Sq Ft

Current estimated payment $16,123/month

72 Days on Market

Highlights

  • 1.47 Acre Lot
  • Central Air
  • Heating Available
  • Community Kitchen
  • Concrete Flooring

About This Home

As of November 2024

This is a great opportunity for investors looking for growth potential in a rapid expanding Peoria market.
Sun Aire Plaza II is a 100% occupied retail strip center with a diverse multi-tenants.The building is 16,470 square feet, sits on almost 1.5 acre lot, fronts a major street with high traffic counts, monument signage, ample on site parking, high visibility and easy access to Loop 101.
The plaza is also close proximity to Peoria's P83, Downtown Peoria
State Farm Stadium, Westgate Entertainment Center, as well as surrounded by an array of new development projects slated to open 2024-2025 such as VAI Resort, Stadium Point in addition to numerous multifamily and residential projects densely populated and adjacent to the Loop 101. Drive by only. Please DO NOT disturb

Last Agent to Sell the Property

Cindy Moy Zhang

RE/MAX Solutions License #SA701280000 Listed on: 06/07/2024

RE/MAX Solutions

Co-Listed By

Brook Miller

RE/MAX Solutions License #BR533974000

RE/MAX Solutions

Last Buyer's Agent

Brook Miller

RE/MAX Solutions License #BR533974000

RE/MAX Solutions

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,365

Year Built

  • Built in 1979

Lot Details

  • 1.47 Acre Lot
  • Block Wall Fence
  • Property is zoned C-2

Home Design

  • 16,470 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete

Parking

  • 131 Open Parking Spaces
  • 131 Parking Spaces
  • Public Parking
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 142-54-189
  • Assessor Parcel Number 142-54-189

Community Details

Amenities

  • Community Kitchen
  • Meeting Room

Additional Features

  • Sun Air Estates II Subdivision
  • Net Operating Income $197,841

Property Details

Property Type

Other

Est. Annual Taxes

$16,365

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: W. Peoria Ave and N. 95th Avenue
  • Legal Info Range: 1E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2023
  • Lot Size Acres: 1.47
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: resol001
  • Co List Office Phone: 480-610-6500
  • Subdivision Name: SUN AIR ESTATES II
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Carpet, Concrete
  • Living Area: 16470.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Private Parking, Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 131.0
  • Total Parking Spaces: 131.0
  • General Property Description:Uncvrd Parking Spcs: 131.0
  • General Property Description:Total Parking Spcs: 131.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Conference Room, Kitchen, Showers - Office
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Showers - Office: Yes

Lot Info

  • Lot Size Sq Ft: 63952.0
  • Parcel #: 142-54-189
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 197841.0
  • Leasable Area: 16120.0

Tax Info

  • Tax Annual Amount: 16365.0
  • Tax Book Number: 142.00
  • Tax Lot: 142-54-189
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2024
Closed on
Oct 28, 2024
Sold by
Fen Investments Inc
Bought by
Old Man Cactus Llc
Seller's Agent
Cindy Moy Zhang
RE/MAX Solutions
Buyer's Agent
Brook Miller
RE/MAX Solutions
List Price
$2,950,000
Sold Price
$2,825,000
Premium/Discount to List
-$125,000
-4.24%
Views
7
Current Estimated Value
$2,810,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,044
Avg. Annual Appreciation
-0.47%
Original Mortgage
$1,506,000
Outstanding Balance
$1,490,923
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$1,320,033

Purchase Details

Closed on
Dec 7, 2021
Sold by
Puchhi Inc
Bought by
Fen Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
3.14%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Old Man Cactus Llc $2,825,000 Grand Canyon Title
Fen Investments Inc $1,975,000 Clear Title Agency Of Az
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Old Man Cactus Llc $1,506,000
Previous Owner Fen Investments Inc $1,160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2024 11/01/24 Sold $2,825,000 -4.2% $172 / Sq Ft
06/07/2024 06/07/24 For Sale $2,950,000 -- $179 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,699 $167,996 -- --
2024 $16,365 $164,996 -- --
2023 $16,365 $215,628 $74,188 $141,440
2022 $16,515 $196,036 $62,983 $133,053
2021 $17,787 $200,862 $64,782 $136,080
2020 $17,902 $179,910 $45,270 $134,640
2019 $17,359 $173,160 $42,516 $130,644
2018 $16,841 $171,486 $41,976 $129,510
2017 $16,795 $152,766 $40,356 $112,410
2016 $16,600 $151,110 $47,070 $104,040
2015 $15,877 $121,342 $39,516 $81,826
Source: Public Records

Agents Affiliated with this Home

  • Cindy Moy Zhang

    Seller's Agent in 2024

    Cindy Moy Zhang

    RE/MAX

    (646) 206-0905

    1 in this area

    6 Total Sales

    Cindy Moy Zhang
    Section Image
  • Brook Miller

    Seller Co-Listing Agent in 2024

    Brook Miller

    RE/MAX

    (602) 391-7164

    1 in this area

    144 Total Sales

    Brook Miller
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6716266

Arizona Regional Multiple Listing Service (ARMLS)

APN: 142-54-189

Arizona Maricopa County Peoria 85345

9501 W Peoria Ave, Peoria, AZ

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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