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Property profile & analytics
OFF-MARKET
Estimated value
$7,300,000
Office buildings
655 Dobson Rd A Chandler, AZ 85224-5667
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0525025
Property summary
AI-generated overview
This exceptional Chandler medical office building, constructed in 2001, offers a prime opportunity for medical professionals seeking flexible and modern space. Located at 655 S Dobson Road, Building B, in the thriving city of Chandler, Arizona (zip code 85224), this property boasts a total of 22,537 square feet and features two suites available for lease. The building offers multiple tenancy options, with a minimum divisible space of 2,018 square feet and a maximum contiguous space of 2,112 square feet. Currently, there are 4,130 square feet of vacant space ready for immediate occupancy. The property provides convenient and ample parking, with a ratio of 5.9 parking spaces per 1,000 square feet. Situated in Maricopa County, this location offers excellent visibility and accessibility for patients and staff. The building's modern design and functionality make it an ideal setting for a variety of medical practices. This is a rare opportunity to secure high-quality medical office space in a desirable Chandler location. Contact us today to learn more about leasing options and schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
45,000 SF
APN
303-75-694
UPID
US07-0525025
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
-
CHANDLER MEDICAL.DENTAL CENTER Medical Clinic
-
Banner Physical Therapy - Chandler Medical Clinic
-
Sun Life Health OB/GYN Physician
-
Arizona Pain Management Clinic Physician
-
Lilac Ob-Gyn Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.30M
Owner & transaction history
Prorep Fund I Chandler LLC · 2 yrs held
Prorep Fund I Chandler LLC
since 2024
Last sale
$7.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.7M
+9.5%
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
$7,300,000
ML approach
$7,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,750,000
Current use
MEDICAL BUILDING
$10,675,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$8,460,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$7.30M
Range $6.57M – $8.03M · ±10% · vs last sale $7.30M (Jun 13 2024)
Last sale anchor
$7.30M
Jun 13 2024
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
$162 / 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
$63,404
Tax year 2023
Assessed value
$785,681
Assessed 2024
Previous assessed
$785,681
+0.0% YoY
Effective rate
8.07%
On assessed value
Land market value
$952,300
Improvement market value
$3,809,400
Total market value
$4,761,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Stories
2
Total area
45,000 SF
APN
303-75-694
UPID
US07-0525025
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$10.7M
WAREHOUSE, STORAGE
Est. value
$8.5M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Stories
2
Current owner
From public records · entity-resolved
Prorep Fund I Chandler LLC
Entity
Mailing address
600 SUPERIOR AVE E STE #1500, CLEVELAND, OH 44114-2619
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
$7,300,000
Prorep Fund I Chandler LLC
Chandler Medical Property Company L
Special Warranty Deed
$4,745,000 · Arizona FCU
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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