Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1238-1244 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

    1238-1244 Chandler Blvd Phoenix, AZ 85048

    View on Map
    • Neighborhood centers
    • 17,595 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 1238-1244 Chandler Blvd

    Year built
    1994
    Property size
    17,595 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 17,595 square foot multi-tenant property, located at 1238-1244 E Chandler Blvd in Phoenix, Arizona (zip code 85048), presents a unique investment opportunity. Situated on a 1.23-acre lot in the West Phoenix/Maryvale Ret submarket of Maricopa County, this building was constructed in 1994 and is zoned PCD. Currently, 4,007 square feet of space is available for lease. The property's previous use as a school, daycare, and educational facility offers a versatile layout. Key features include nine large rooms, a small kitchen, three offices, and eighteen restrooms. The expansive outdoor area boasts three fenced play yards, two covered play areas, and a basketball court. This property is ideal for a variety of businesses seeking a well-established location with ample space and unique amenities. The property type is listed as Retail and Office, with the subtype being Executive Office and Strip Center. This presents a rare opportunity to acquire a substantial property in a desirable location with significant potential for redevelopment or continued use as an educational or similar facility. The property's location provides easy access to major transportation routes and is within close proximity to various amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.056
    Latitude
    33.3069

    Comparable in this City

    • Value Estimation
      $3,690,000
      8,475 SF

      1244 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 8,475 SF
      1244 Chandler Blvd, Phoenix, AZ 85048-4600
      View Details
    • Value Estimation
      $4,830,000
      22,820 SF

      3233 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 22,820 SF
      3233 Chandler Blvd, Phoenix, AZ 85048-7295
      View Details
    • Value Estimation
      $6,535,000
      23,224 SF

      1442 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 23,224 SF
      1442 Chandler Blvd, Phoenix, AZ 85048-6265
      View Details
    • Value Estimation
      $1,950,000
      4,480 SF

      4605 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 4,480 SF
      4605 Chandler Blvd, Phoenix, AZ 85048-0433
      View Details
    • Value Estimation
      $3,015,000
      11,312 SF

      3941 Chandler Blvd Ste, Unit 106

      SHOPPING CENTER, STRIP CENTER • 11,312 SF
      3941 Chandler Blvd Ste, Phoenix, AZ 85048-0301
      View Details
    • Value Estimation
      $7,160,000
      20,750 SF

      4206 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 20,750 SF
      4206 Chandler Blvd, Phoenix, AZ 85048-8873
      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
    • $413,616
      1,289 SF

      Phoenix Office Condo with Patio

      Professional office condo with modern amenities, versatile layout, and easy access.
      1345 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • $645,000
      2,516 SF

      Phoenix Office Space For Sale

      Office space featuring reception, offices, conference rooms, and break room.
      16515 S 40Th 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
    • 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

    Similar Nearby for Lease

    • $16 SF/Yr
      1,118 SF

      Retail Space in Busy Center

      Retail space available in a busy, anchored shopping center.
      2436 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      1,867 SF

      Retail Space in High Traffic Area

      Retail space available in a major shopping center.
      4929 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing

      Retail Center with Excellent Signage

      Multi-tenant retail center with suites available for lease.
      4206 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing

      Ahwatukee Retail Space Available

      Retail space available in Ahwatukee Kohl's Shopping Center.
      4645 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      Professional office space available for lease.
      4435 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
    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.
    1238-1244 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

    1238-1244 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!