Office Unit, Suite
For Sale
Contact for pricing
3950 E Riggs Rd, Chandler, AZ 85249
Office unit offering a dedicated suite within a Chandler commercial property.
Property Size2,203 SF
Price / SF$440
Days on Market51
Property Features for 3950 E Riggs Rd
General Information
Standard status
Active
Size
2,203 SF
Property subtype
OFFICE
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Eric Jones · License #SA026157000
(602) 291-9400
Source:
Moodyscre
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 7:01PM
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 Commercial Properties Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 3 is an office unit comprising 2,203 square feet at 3950 E Riggs Rd in Chandler, Arizona. The property is identified by the 85249 ZIP code and is offered for sale.
Key Highlights
- 2,203 square feet of office space
- Suite 3 configuration
- 3950 E Riggs Rd, Chandler, AZ 85249
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,678
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,560
$693.6K
Cap Rate 7%
$495,400
$495.4K
Cap Rate 9%
$385,311
$385.3K
Market Conditions
NOI Build-Up for 2,203 SF
Gross rent
$57.4K $26.04/SF
− Vacancy
−$11.1K −$5.05/SF
EGI
$46.2K $20.99/SF
− OpEx
−$11.6K −$5.25/SF
NOI
$34.7K $15.74/SF
Area
Chandler, AZ
Vacancy
19.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,560
Cap Rate 7%
$495,400
Cap Rate 9%
$385,311
Alternative Uses
Best Use
Office B
$495.4K
$433.5K – $578.0K
NOI $34,678 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$631.4K
$552.5K – $736.7K
NOI $44,201 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 85249, AZ
47,414
Population
17,489
Households
2.7
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
14.3 sq mi
ZIP Area
3,316
Density / Sq Mi
$150,985
Median Household Income
$74,519
Median Earnings
$2,318
Median Rent
$610,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit offering a dedicated suite within a Chandler commercial property.
Where is this office unit located?
The property is located at 3950 E Riggs Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $969,320.
What are key features of this property?
This property features: 2,203 square feet of office space; Suite 3 configuration; 3950 E Riggs Rd, Chandler, AZ 85249
