Chandler Retail Condo on
6909 West Ray Road, Chandler, AZ 85226
For Sale
$1,950,000
7754 SF retail condo in high-traffic Chandler location.
Property Size14,153 SF
Price / SF$137.78
Days on Market409
Property Features for 6909 West Ray Road
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX
Listed By:
Brook Miller · License #BR533974000
(602) 391-7164
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 25 at 7:15AM
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 RE/MAX
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7754 square foot retail condo is situated on a hard corner in Chandler. Currently occupied by a flooring company, a co-op owner of Flooring America, the suite features an open showroom, a large storage room, double doors, customer restrooms, and an additional employee restroom. The business is also available for sale, but the owner will vacate, making it suitable for various other uses. Multiple entrances allow the potential to split this large corner suite into multiple smaller suites. The property is located in a South Chandler location, with freeway access less than 1 mile East of the I-10. This location offers a central, high-traffic environment for any retail use.
Key Highlights
- High‑traffic, hard corner location in Chandler
- Large 7754 sq ft retail condo
- Potential to split into multiple smaller suites due to multiple entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,488
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,309,760
$3.3M
Cap Rate 7%
$2,364,114
$2.4M
Cap Rate 9%
$1,838,756
$1.8M
Market Conditions
NOI Build-Up for 14,153 SF
Gross rent
$254.8K $18.00/SF
− Vacancy
−$18.3K −$1.30/SF
EGI
$236.4K $16.70/SF
− OpEx
−$70.9K −$5.01/SF
NOI
$165.5K $11.69/SF
Area
Chandler, AZ
Vacancy
7.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,309,760
Cap Rate 7%
$2,364,114
Cap Rate 9%
$1,838,756
Alternative Uses
Best Use
Retail
$2.36M
$2.07M – $2.76M
NOI $165,488 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.06M
$3.55M – $4.73M
NOI $283,966 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
183k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 16%
Home Improvements & Furnishings 14%
In-N-Out Burger
Dining
63,299 visits/mo
0.2 miles
BJ's Restaurant and Brewhouse
Dining
29,783 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
26,162 visits/mo
0.3 miles
McDonald's
Dining
21,182 visits/mo
0.1 miles
Circle K
Shops & Services
16,134 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Showrooms in Maricopa County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Magic Touch Carpet Repair And Cleaning — 500 n 56th st, chandler, az 85226
- Lowe's Home Improvement — 7100 W Ray Rd, Chandler, AZ 85226
- ABC Handyman Services - Drywall Framing Popcorn Ceiling Painting Crown Molding Installers — 6363 w kent dr #125, chandler, az 85226
Frequently Asked Questions
What type of property is this?
Showroom - 7754 SF retail condo in high-traffic Chandler location.
Where is this showroom located?
The property is located at 6909 West Ray Road Chandler, AZ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: High‑traffic, hard corner location in Chandler; Large 7754 sq ft retail condo; Potential to split into multiple smaller suites due to multiple entrances
