Add Listing
    For Lease
    • 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

    1825 W Ray Rd, Unit 1148 Chandler, AZ 85224

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-bedroom condo with access to pool, tennis court, and spa.

    Property size:
    897 SF
    Lot size:
    897 SF

    Property Features for 1825 W Ray Rd

    General Information

    Size
    897 SF

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Alex Li
    Source: Kw

    Listing Agent: Alex Li

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lakeshore Condo with Community Amenities

    This 897-square-foot condo in Lakeshore at Andersen Springs features two bedrooms. The unit includes a great room with wood-look flooring, natural light, neutral paint, and sliding doors leading to a covered patio. The kitchen is equipped with shaker cabinetry, a granite peninsula, and built-in appliances. The primary bedroom includes a bathroom and a walk-in closet. The gated community offers amenities such as a pool, tennis court, spa, pickleball court, and a lake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Green Thumb Juices Specialty Food Shop LakeView_Lucky_Sunny Condominium Complex Skunk Nuts Photography Photography Service Pacestores Department Store JoesDog.com (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.870966
    Latitude
    33.3186893

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      AZ, Chandler - Alma School Rd

      Discover many ways to work your way in Bellevue Skyline Tower
      1351 Alma School Rd, Chandler, AZ 85224
      View Details
    • $28 SF/Yr
      2,405 SF

      Chandler Medical Office Space Available

      Multi-tenant medical office building in rapidly growing Chandler, Arizona.
      1343 North Alma School Rd, Chandler, AZ 85224
      View Details
    • $22 SF/Yr
      2,828 SF

      Chandler Office Building For Lease

      Office building for lease in Chandler, located at Pecos & Dobson.
      2185 W Pecos Rd, Chandler, AZ 85224
      View Details
    • $1.35 SF/Yr
      13,120 SF

      Chandler Flex Space For Lease

      Office suite/warehouse space available for lease in Chandler, Arizona.
      170 E Corporate Pl, Chandler, AZ 85225
      View Details
    • Contact for pricing

      San Tan Corporate Center II

      Meet, work or collaborate in our professional The Pinnacle Building business center
      3100 Ray Rd, Chandler, AZ 85226
      View Details
    • $34 SF/Yr
      9,513 SF

      Chandler Medical Office Spec Suite

      Medical office space in fast-growing Chandler, near major hospitals.
      555 West Chandler Blvd, Chandler, AZ 85225
      View Details
    • Contact for pricing
      250,630 SF

      Class A Office Sublease

      Premier Chandler office building with modern interiors and collaborative amenities.
      3133 W Frye Rd, Chandler, AZ 85226
      View Details
    • $31 SF/Yr
      5,150 SF

      Chandler Office Suite For Lease

      Professional office suite available for lease in Chandler, Arizona.
      2425 S Stearman Dr, Chandler, AZ 85286
      View Details
    • Contact for pricing
      34,448 SF

      Chandler Office Space Available

      Office space for lease in Chandler, Arizona.
      2450 S Gilbert Rd, Chandler, AZ 85286
      View Details
    • $20 SF/Yr
      8,694 SF

      Chandler Retail Space For Lease

      Retail space available for lease in Chandler, Arizona.
      135 E Ray Rd, Chandler, AZ 85225
      View Details
    • Contact for pricing
      250,630 SF

      Class A Office Sublease

      Premier Chandler office building with modern interiors and collaborative amenities.
      3133 W Frye Rd, Chandler, AZ 85226
      View Details
    • $24 SF/Yr
      42,007 SF

      Office, Flex, Retail Space Available

      Professional office, flex industrial, and retail space for lease.
      2250 E Germann Rd, Chandler, AZ 85286
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two-bedroom condo with access to pool, tennis court, and spa.
    Where is this apartment building located?
    The property is located at 1825 W Ray Rd, Unit 1148 Chandler, AZ.
    What are key features of this property?
    This property features: - Two-bedroom condo in the desirable Lakeshore at Andersen Springs community.; - Gated community with extensive amenities including a pool, tennis court, spa, pickleball, and a lake.; - Kitchen boasts shaker cabinetry, a granite peninsula, and built-in appliances.
    Request Owner's contact information
    1825 W Ray Rd, Unit 1148 Chandler, AZ 85224
    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.
    1825 W Ray Rd, Unit 1148
    Chandler, AZ 85224
    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
    1825 W Ray Rd, Unit 1148 Chandler, AZ 85224
    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

    We can help!
    Listing Contact
    Alex Li
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!