Freestanding Office
New
For Sale
$819,000
877 N ALMA SCHOOL Road W, Chandler, AZ 85224
The property has PAD zoning, central air, and a private paved parking lot.
Property Size2,007 SF
Price / SF$408.07
Days on Market4
Property Features for 877 N ALMA SCHOOL Road W
General Information
Standard status
Active
Size
2,007 SF
Total Parking Spaces
13
Zoning
PAD
Taxes and HOA fees
Annual Taxes
$8,050
Amenities
Showers - Office, Security Gate
Central Air, Heat Pump
Electric, Natural Gas
Block
Parking Lot, Paved, Private
Building Details
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
(602) 510-3000
Listed By:
Ming Chen
(602) 510-3000
Source:
Evrealestate
Added: Aug 1
Changed: Aug 4
Last Checked: Aug 4 at 5:53AM
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 Ming Chen
Investment Insights
Based on property information with market context.
This freestanding office building at 877 N Alma School Road W in Chandler includes central air, a heat pump, and electric and natural gas service. The block construction was completed in 1972, and the property includes a private paved parking lot.
The building is positioned along N Alma School Road, south of Ray Road, with the property located on the left after traveling two street blocks. PAD zoning is in place for the property.
The building is positioned along N Alma School Road, south of Ray Road, with the property located on the left after traveling two street blocks. PAD zoning is in place for the property.
Key Highlights
- Freestanding commercial office building
- PAD zoning
- Central air and heat pump
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.3k | $26.04 |
| − Vacancy | −$10.1k | −$5.05 |
| EGI | $42.1k | $20.99 |
| − OpEx | −$10.5k | −$5.25 |
| NOI | $31.6k | $15.74 |
2,007 SF · lease $26.04/SF/yr · vacancy 19.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$451.3K
$394.9K – $526.6K
NOI $31,593 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.3K
$503.4K – $671.1K
NOI $40,268 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 85224, AZ
46,919
Population
21,559
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
94%
High-School Grad
9.4 sq mi
ZIP Area
4,991
Density / Sq Mi
$90,886
Median Household Income
$53,408
Median Earnings
$1,785
Median Rent
$391,000
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 building - The property has PAD zoning, central air, and a private paved parking lot.
Where is this office building located?
The property is located at 877 N ALMA SCHOOL Road W Chandler, AZ.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Freestanding commercial office building; PAD zoning; Central air and heat pump
