Office Condo in Managed Business
For Sale
Contact for pricing
5680 W Chandler Blvd, Chandler, AZ 85226
Efficient professional workspace near Loop 101 and Loop 202.
Property Size1,038 SF
Price / SF$360
Days on Market135
Property Features for 5680 W Chandler Blvd
General Information
Standard status
Active
Size
1,038 SF
Class
B
Property subtype
Office
Zoning
C-1
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams Integrity First Realty Gilbert
Listed By:
Jon Hammond · License #AZ 555889000
Source:
Crexi
Added: Apr 20
Changed: Aug 29
Last Checked: Apr 24 at 10:16PM
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 Keller Williams Integrity First Realty Gilbert
Investment Insights
Based on property information with market context.
This ±1,038 SF office condominium is located within Chandler Midway Corporate Center Condominiums. The suite provides an efficient office layout suited to owner-users, professional office applications, service-based businesses, and small firms. It is part of a professionally managed business park with a maintained office environment.
The property is located at 5680 W Chandler Blvd near Chandler Blvd and Kyrene Rd. Access to Loop 101 and Loop 202 supports connectivity to major regional corridors. The established business park setting and surrounding business presence add context for office users seeking a Chandler location.
The property is located at 5680 W Chandler Blvd near Chandler Blvd and Kyrene Rd. Access to Loop 101 and Loop 202 supports connectivity to major regional corridors. The established business park setting and surrounding business presence add context for office users seeking a Chandler location.
Key Highlights
- ±1,038 SF office condominium
- Located within Chandler Midway Corporate Center Condominiums
- Professionally managed business park
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
$16,339
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
4.37%
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%
$326,780
$326.8K
Cap Rate 7%
$233,414
$233.4K
Cap Rate 9%
$181,544
$181.5K
Market Conditions
NOI Build-Up for 1,038 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
$27.0K $26.04/SF
− Vacancy
−$5.2K −$5.05/SF
EGI
$21.8K $20.99/SF
− OpEx
−$5.4K −$5.25/SF
NOI
$16.3K $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%
$326,780
Cap Rate 7%
$233,414
Cap Rate 9%
$181,544
Alternative Uses
Best Use
Office B
$233.4K
$204.2K – $272.3K
NOI $16,339 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.5K
$260.3K – $347.1K
NOI $20,826 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
873
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
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Frequently Asked Questions
What type of property is this?
Office units - Efficient professional workspace near Loop 101 and Loop 202.
Where is this office units located?
The property is located at 5680 W Chandler Blvd Chandler, AZ.
What is the asking price?
The asking price for this property is $373,680.
What are key features of this property?
This property features: ±1,038 SF office condominium; Located within Chandler Midway Corporate Center Condominiums; Professionally managed business park
