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    4949 W Ray Rd Chandler, AZ 85226

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    For Sale
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    Net leased investment property in Chandler, Arizona.

    Property size:
    62,071 SF
    Lot size:
    5.70 Acres

    Property Features for 4949 W Ray Rd

    General Information

    Standard status
    Active
    Size
    62,071 SF
    Lot size
    5.70 Acres

    We can help!

    Listing Contact
    Chris Hollenbeck
    Chris Hollenbeck
    Source: Crexi

    Listing Agency: Cushman & Wakefield - Phoenix, Arizona Listing Agent: Chris Hollenbeck

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

    Learn more

    Overview

    Chandler Retail Investment Opportunity

    This net leased investment opportunity features Goodwill and EOS Fitness, two established operators. The property is fully leased, providing diversified income supported by a nonprofit retail organization and a fitness brand. Goodwill of Central & Northern Arizona operates more than 150 stores and donation centers across three states. Goodwill maintains a proven operating model centered around value-oriented retail and workforce development services. The site benefits from a recently executed 10-year lease extension. EOS Fitness operates over 175 locations nationwide and serves more than 1.5 million members, with plans to expand to approximately 250 locations by 2030. The subject property is located at a retail intersection in Chandler, Arizona, within an affluent trade area featuring average household incomes exceeding $172,000 within one mile. The site benefits from accessibility to I-10, Loop 202, and Loop 101 and is surrounded by retailers including Fry’s Grocery, Starbucks, Taco Bell, and Jack in the Box. High daily traffic volumes and a newly improved parking field support tenant performance and customer demand. The property size is 62071 square feet.
    Location Intelligence

    Current Use by Public Records

    EōS Fitness Gym & Fitness Center Goodwill Discount Store Fry's Food Stores ... Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    SRP PAY KIOSK INSIDE FRYS, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Chandler Sunset Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.926893
    Latitude
    33.3183834

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    FAQs

    What type of property is this?
    Shopping center - Net leased investment property in Chandler, Arizona.
    Where is this shopping center located?
    The property is located at 4949 W Ray Rd Chandler, AZ.
    What are key features of this property?
    This property features: - Fully leased to Goodwill and EOS Fitness, providing stable and diversified income.; - Located in an affluent trade area in Chandler, Arizona, with high average household incomes.; - Excellent accessibility to major highways (I-10, Loop 202, Loop 101).
    (602) 954-9000
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    4949 W Ray Rd Chandler, AZ 85226
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    Chandler, AZ 85226
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    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
    4949 W Ray Rd Chandler, AZ 85226
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    We can help!
    Listing Contact
    Chris Hollenbeck
    Chris Hollenbeck
    Real Estate License ID: SA584876000
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