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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Strip malls
55 Ray Rd Chandler, AZ 85225-3337
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0262203
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Construction
CONCRETE
Total area
13,690 SF
Lot
2.01 ac (87,590 SF)
Zoning code
PAD
APN
302-67-218A
UPID
US07-0262203
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
AM Med Spa Spa & Massage Center Alternative Medicine Practice
-
Raiza Studios Hair Salon
-
Fruitlandia Grocery & Convenience Store Specialty Food Shop
-
Judy Jones Pharmacy
-
Daniel Pelletier Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Arizonaray Investments LLC · 5 yrs held
Arizonaray Investments LLC
since 2021
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chandler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chandler submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,070,000
6.5%
$2,835,000
7%
$2,635,000
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10% · vs last sale $2.08M (Mar 25 2021)
Last sale anchor
$2.08M
Mar 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$47,161
Tax year 2023
Assessed value
$805,634
Assessed 2024
Previous assessed
$698,411
+15.4% YoY
Effective rate
5.85%
On assessed value
Land market value
$2,362,700
Improvement market value
$2,519,932
Total market value
$4,882,632
Applied tax rate
800,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,690 SF
Lot
2.01 ac (87,590 SF)
Zoning code
PAD
APN
302-67-218A
UPID
US07-0262203
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chandler. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Arizonaray Investments LLC
Entity
Mailing address
3684 E REDFIELD CT, GILBERT, AZ 85234-3106
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
Arizonaray Investments LLC
—
Deed
related
$3,180,000 · Celtic Bank Corporation
Mar 25, 2021
$2,075,000
Arizonaray Investments LLC
Realty Income Properties 25 LLC
Special Warranty Deed
$2,875,400 · Celtic Bank Corporation
Sep 27, 2013
$4,155,890
Realty Income Props 25 LLC
Ketchum R Of E Invs Chandler
Grant Deed
—
Feb 2, 2005
—
Ketchum Real Estate Investments Cha
Stuart M Ketchum JR
Special Warranty Deed
$3,650,000 · Nomura Credit & Capital INC
Mar 15, 2002
$3,680
Ketchum Trust
Evergreen Ray LP
Grant Deed
$2,812,000 · Union Bank Of California
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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