Office Condo
New
For Sale
$6,974,100
5500 West Chandler Boulevard, Chandler, AZ 85226
Office units within a 10-building condominium development near Chandler Boulevard and extensive retail offerings.
Property Size19,926 SF
Price / SF$350
Days on Market2
Property Features for 5500 West Chandler Boulevard
General Information
Standard status
Active
Size
19,926 SF
Property subtype
Office
Listing Agency:
CBRE | Phoenix
(602) 735-5630
Listed By:
Jamie Swirtz · License #SA625844000
(602) 735-5630
Source:
Cbre
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 5:40AM
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 CBRE | Phoenix
Investment Insights
Based on property information with market context.
This office property comprises 19,926 square feet within Chandler Center Commons, a 10-building office condominium development. The asset is positioned along West Chandler Boulevard in Chandler, Arizona, providing a defined office setting within an established commercial project.
The property is located within a 3-mile radius of shopping centers totaling 7.5 million square feet, adding substantial retail context to the surrounding area. The address is 5500 West Chandler Boulevard, Chandler, AZ 85226.
The property is located within a 3-mile radius of shopping centers totaling 7.5 million square feet, adding substantial retail context to the surrounding area. The address is 5500 West Chandler Boulevard, Chandler, AZ 85226.
Key Highlights
- 19,926‑square‑foot office property
- Part of a 10‑building office condominium development
- Located at 5500 West Chandler Boulevard in Chandler, AZ 85226
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
$313,659
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
4.50%
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%
$6,273,180
$6.3M
Cap Rate 7%
$4,480,843
$4.5M
Cap Rate 9%
$3,485,100
$3.5M
Market Conditions
NOI Build-Up for 19,926 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
$518.9K $26.04/SF
− Vacancy
−$100.7K −$5.05/SF
EGI
$418.2K $20.99/SF
− OpEx
−$104.6K −$5.25/SF
NOI
$313.7K $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 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%
$6,273,180
Cap Rate 7%
$4,480,843
Cap Rate 9%
$3,485,100
Alternative Uses
Best Use
Office B
$4.48M
$3.92M – $5.23M
NOI $313,659 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.71M
$5.00M – $6.66M
NOI $399,795 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 85226, AZ
40,689
Population
17,406
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
38.4 sq mi
ZIP Area
1,060
Density / Sq Mi
$103,740
Median Household Income
$58,515
Median Earnings
$1,785
Median Rent
$452,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office units within a 10-building condominium development near Chandler Boulevard and extensive retail offerings.
Where is this office units located?
The property is located at 5500 West Chandler Boulevard Chandler, AZ.
What is the asking price?
The asking price for this property is $6,974,100.
What are key features of this property?
This property features: 19,926‑square‑foot office property; Part of a 10‑building office condominium development; Located at 5500 West Chandler Boulevard in Chandler, AZ 85226
