8650 W Peoria Ave, Peoria, AZ 85345

Multifamily · Peoria · Phoenix metro, AZ

One of 72 reachable multifamily buildings in Peoria. Larger than 63% of multifamily buildings in Peoria (median 122,132 SF), derived from assessor records.

County gross building area
188,921 SF, Maricopa County Assessor
Lot size
202,862 SF, Maricopa County Assessor
Year built
1984, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
25, Maricopa County Assessor
Predominant use
Apartments 100+ Units 2 Story, Maricopa County Assessor
Units
216, Maricopa County Assessor
Assessed value
$28,224,000, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$149.40/SF, derived from assessor records
Building area / lot
0.93, derived from assessor records
Vintage
1980s vintage
County use code
APARTMENTS 100+ UNITS 2 STORY

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $35.6M (estimated market value), with a likely range of $28.5M to $42.2M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $28,224,000 times a 1.26 market ratio, measured from 3891 verified arm's-length sale prices vs county values (multifamily sales across the county, through 2026-06-29). Not an appraisal. How this estimate works. About $165K per unit at the midpoint (216 units).

lower confidence: 4 comparable sales within 3 miles; nearest 0.1 mi. This property type carries wider measured error; treat the estimate as a starting point.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.

Current ownership dates to 2019 (about 7 years) per recorded transfers.

Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$20M$40M$60M20262027$35.6M$28.2MCounty assessed valueMakeMe Estimate range

Dark line: county assessed value per Maricopa County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $27,091,100 (2026) to $28,224,000 (2027), up 4% over 1 years, per county tax rolls. The 2027 roll splits $28,224,000 into $3,134,200 land and $25,089,800 improvements.