Retail Storefront
New
For Sale
$399,000
375 S Arizona Ave, Chandler, AZ 85255
Currently leased retail property with employee parking and flexible occupancy timing under the existing lease.
Property Size1,440 SF
Price / SF$277.08
Days on Market3
Property Features for 375 S Arizona Ave
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Retail
Net Operating Income
$25,309
Additional Details
Gross Income
$20,400
Building Details
Building Size
1,440 SF
Buildings
1
Tenancy
Single
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5529
Listed By:
Carrick Sears, CCIM, MBA
Source:
Svn
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 4:54AM
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 SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
This 1,440 SF retail building is positioned at 375 S Arizona Ave in Chandler, Arizona, at the intersection of Arizona Avenue (SR 87) and Frye Road. The property includes rear parking for employees and is currently occupied by a tenant, providing ongoing rental income under an existing lease.
The lease runs through March 31, 2027, with a provision allowing termination upon 120 days’ notice. The property is suited to an owner-user or investor seeking a compact retail asset with an established tenancy and defined lease timeline. The projected market-rent analysis indicates an estimated 6.5% cap rate.
The lease runs through March 31, 2027, with a provision allowing termination upon 120 days’ notice. The property is suited to an owner-user or investor seeking a compact retail asset with an established tenancy and defined lease timeline. The projected market-rent analysis indicates an estimated 6.5% cap rate.
Key Highlights
- 1,440 SF retail building
- Intersection location at Arizona Avenue (SR 87) and Frye Road
- Existing lease extends through March 31, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$336,760
$336.8K
Cap Rate 7%
$240,543
$240.5K
Cap Rate 9%
$187,089
$187.1K
Market Conditions
NOI Build-Up for 1,440 SF
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.
Gross rent
$25.9K $18.00/SF
− Vacancy
−$1.9K −$1.30/SF
EGI
$24.1K $16.70/SF
− OpEx
−$7.2K −$5.01/SF
NOI
$16.8K $11.69/SF
Area
Chandler, AZ
Vacancy
7.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$336,760
Cap Rate 7%
$240,543
Cap Rate 9%
$187,089
Alternative Uses
Best Use
Retail
$240.5K
$210.5K – $280.6K
NOI $16,838 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.7K
$361.2K – $481.5K
NOI $28,892 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85255, AZ
44,976
Population
23,016
Households
2
Avg Household Size
51
Median Age
68%
College-Educated
98%
High-School Grad
88.2 sq mi
ZIP Area
510
Density / Sq Mi
$143,567
Median Household Income
$93,339
Median Earnings
$2,401
Median Rent
$975,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chandler Flowers and Gifts — 245 N Arizona Ave, Chandler, AZ 85225
Frequently Asked Questions
What type of property is this?
Storefront property - Currently leased retail property with employee parking and flexible occupancy timing under the existing lease.
Where is this storefront property located?
The property is located at 375 S Arizona Ave Chandler, AZ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,440 SF retail building; Intersection location at Arizona Avenue (SR 87) and Frye Road; Existing lease extends through March 31, 2027
