Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    40th St. & Chandler Blvd Phoenix, AZ 85048

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    40th St. & Chandler Blvd Phoenix, AZ 85048

    View on Map
    • Retail properties & Spaces
    • 131,621 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 40th St. & Chandler Blvd

    Property size
    131,621 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents a prime retail space at Plaza at Mountainside, a 131,621-square-foot grocery-anchored center strategically located in Phoenix, Arizona. The property boasts a highly desirable location approximately 1.5 miles west of I-10 along Chandler Boulevard, a major thoroughfare with an impressive average daily traffic count exceeding 41,000 vehicles. The center offers multiple tenancy options, with three suites currently available, ranging from a minimum of 900 square feet to a maximum contiguous space of 1,263 square feet. A total of 4,145 square feet is currently vacant, presenting a unique chance to establish or expand a business in a thriving commercial area. The property includes ample parking with 734 spaces to accommodate customers and employees. Situated in Maricopa County, with a Phoenix address at 40th St. & Chandler Blvd., zip code 85048, this retail center is ideally positioned to capture significant foot traffic and drive business growth. The property is classified as Retail and Restaurant, offering versatility for various commercial ventures. This is an excellent opportunity to secure a prominent presence in a bustling Phoenix commercial hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.996
    Latitude
    33.3039

    Comparable in this City

    • Value Estimation by Request
      53,031 SF

      1334 Chandler Blvd

      Retail properties & Spaces • 53,031 SF
      1334 Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Value Estimation by Request
      17,595 SF

      1238-1244 Chandler Blvd

      Neighborhood centers • 17,595 SF
      1238-1244 Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Value Estimation
      $4,075,000
      5,113 SF

      4019 Chandler Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,113 SF
      4019 Chandler Blvd, Phoenix, AZ 85048-8834
      View Details
    • Value Estimation
      $3,215,000
      4,670 SF

      1255 Chandler Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,670 SF
      1255 Chandler Blvd, Phoenix, AZ 85048-4604
      View Details
    • Value Estimation
      $2,635,000
      3,825 SF

      4916 Chandler Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,825 SF
      4916 Chandler Blvd, Phoenix, AZ 85048-0859
      View Details
    • Value Estimation
      $2,130,000
      2,624 SF

      15604 40th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,624 SF
      15604 40th St, Phoenix, AZ 85048-8836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,825 SF

      Phoenix Restaurant Investment Opportunity

      Restaurant property with lease in place and income growth.
      4916 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      4,586 SF

      Phoenix Commercial Property For Sale

      Commercial property available in Phoenix, Arizona.
      15615 S Desert Foothills Pkwy, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      4,586 SF

      Phoenix Commercial Property for Sale

      Commercial property available in Phoenix, Arizona.
      15615 S Desert Foothills Pkwy, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      2,002 SF

      Phoenix Auto and Pet Wash

      State-of-the-art car and pet wash in Phoenix metro.
      15625 S 32Nd St, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      5,172 SF

      Retail Ground Lease For Sale

      15-year ground lease available in Phoenix, Arizona.
      3956 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • $1,874,070

      Freestanding Industrial Building For Sale

      Freestanding industrial building with showroom and covered parking.
      3838 E Grove St, Phoenix, AZ 85048
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,180 SF

      Retail Space in Ahwatukee Foothills

      Retail space with high visibility and strong signage potential.
      1420 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      2,000 SF

      Restaurant Endcap Space For Lease

      Restaurant space available for lease at a signalized intersection.
      5029 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing

      Restaurant Space Near Tanger Outlet

      Restaurant space with kitchen, seating, and restrooms near I-10.
      3233 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      2,048 SF

      Retail Space in Busy Center

      Retail space available in a busy shopping center.
      4910 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing

      Chandler Blvd Retail Opportunity

      Land available for ground lease or build-to-suit on Chandler.
      4803 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      1,200 SF

      Turn-Key Barber Shop Available

      Barber shop available for rent in Ahwatukee neighborhood.
      4221 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40th St. & Chandler Blvd
    Phoenix, AZ 85048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    40th St. & Chandler Blvd, Phoenix, AZ, 85048

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!