Multi-Tenant Retail
3150 N Alma School Rd Chandler, AZ 85224
For Sale
Contact for pricing
A well-maintained 8,760 SF retail building with partial occupancy and three tenants, plus two cell towers for added income.
Property Size8,760 SF
Price / SF$285
Days on Market187
Property Features for 3150 N Alma School Rd
General Information
Standard status
Active
Size
8,760 SF
Property subtype
RETAIL
Listing Agency:
ORION Investment Real Estate
(480) 205-7681
Listed By:
Jennifer Eggert · License #SA585682000
(480) 205-7681
Source:
Moodyscre
Added: Jan 23
Changed: Jul 28
Last Checked: Jul 28 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ORION Investment Real Estate
Investment Insights
Based on property information with market context.
This is an 8,760 SF retail building in excellent condition, currently 40% leased to three tenants. The property provides a blend of in-place rental income and space available for lease-up.
In addition, the site includes two long-term cell towers that generate substantial monthly income. The current ownership has maintained the building well, with no deferred maintenance identified for a buyer.
For buyers looking for an owner-user, the existing configuration supports occupancy by a business while retaining income from the current tenants and tower revenue. For investors, the vacancies provide an opportunity to improve overall occupancy over time.
In addition, the site includes two long-term cell towers that generate substantial monthly income. The current ownership has maintained the building well, with no deferred maintenance identified for a buyer.
For buyers looking for an owner-user, the existing configuration supports occupancy by a business while retaining income from the current tenants and tower revenue. For investors, the vacancies provide an opportunity to improve overall occupancy over time.
Key Highlights
- 8,760 SF retail building currently 40% leased with three tenants
- Potential for rental upside through leasing up the available vacancy space
- Includes two long‑term cell towers providing substantial monthly income
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.7k | $18.00 |
| − Vacancy | −$11.4k | −$1.30 |
| EGI | $146.3k | $16.70 |
| − OpEx | −$43.9k | −$5.01 |
| NOI | $102.4k | $11.69 |
8,760 SF · lease $18.00/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,429 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,761 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Full Garden Floral Shop — 2988 N Alma School Rd #4, Chandler, AZ 85224
Frequently Asked Questions
What type of property is this?
Storefront property - A well-maintained 8,760 SF retail building with partial occupancy and three tenants, plus two cell towers for added income.
Where is this storefront property located?
The property is located at 3150 N Alma School Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $2,496,600.
What are key features of this property?
This property features: 8,760 SF retail building currently 40% leased with three tenants; Potential for rental upside through leasing up the available vacancy space; Includes two long‑term cell towers providing substantial monthly income
