Occupied Storefront
New
For Sale
$1,200,000
920 N ARIZONA Avenue, Chandler, AZ 85225
Fully occupied C-3 commercial property with Arizona Avenue frontage and freeway and transit access.
Property Size5,585 SF
Price / SF$214.86
Days on Market3
Property Features for 920 N ARIZONA Avenue
General Information
Standard status
Active
Size
5,585 SF
Property subtype
COMMERCIAL
Zoning
C-3
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,645
Building Details
Building Size
5,585 SF
Year Built
1974
Listing Agency:
DeLex Realty
Listed By:
Julie Nam · License #SA522747000
(480) 694-7098
Source:
Jcluxuryresidential
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 2:16PM
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 DeLex Realty
Investment Insights
Based on property information with market context.
This storefront property contains a 5,585-square-foot commercial building constructed in 1974. The property is fully occupied and carries C-3 zoning, with frontage along Arizona Avenue in Chandler.
The offering includes the additional parcel identified as 302-56-025A. Freeway and transit access serve the property, and new roof foam was installed in December 2025.
The offering includes the additional parcel identified as 302-56-025A. Freeway and transit access serve the property, and new roof foam was installed in December 2025.
Key Highlights
- 5,585‑square‑foot commercial building constructed in 1974
- Fully occupied C‑3 commercial property
- Arizona Avenue frontage in Chandler
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
$65,304
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
5.44%
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%
$1,306,080
$1.3M
Cap Rate 7%
$932,914
$932.9K
Cap Rate 9%
$725,600
$725.6K
Market Conditions
NOI Build-Up for 5,585 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
$100.5K $18.00/SF
− Vacancy
−$7.2K −$1.30/SF
EGI
$93.3K $16.70/SF
− OpEx
−$28.0K −$5.01/SF
NOI
$65.3K $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 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%
$1,306,080
Cap Rate 7%
$932,914
Cap Rate 9%
$725,600
Alternative Uses
Best Use
Retail
$932.9K
$816.3K – $1.09M
NOI $65,304 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,057 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85225, AZ
73,551
Population
28,930
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.7 sq mi
ZIP Area
5,791
Density / Sq Mi
$86,036
Median Household Income
$45,692
Median Earnings
$1,662
Median Rent
$386,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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- Sunland Flowers Az — 518 N Arizona Ave, Chandler, AZ 85225
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied C-3 commercial property with Arizona Avenue frontage and freeway and transit access.
Where is this storefront property located?
The property is located at 920 N ARIZONA Avenue Chandler, AZ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,585‑square‑foot commercial building constructed in 1974; Fully occupied C‑3 commercial property; Arizona Avenue frontage in Chandler
