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    Property profile & analytics

    Swc Ray Rd & Rural Rd Chandler, AZ 85226

    • Neighborhood centers
    • 28,739 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Swc Ray Rd & Rural Rd

    Property size
    28,739 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Harmon Ranch offers a prime retail opportunity in a thriving Maricopa County location. This multi-tenant strip center totals 28,739 square feet, with 3,362 square feet currently vacant and available for lease. The space offers flexibility, accommodating tenants needing anywhere from 1,200 to 3,362 contiguous square feet. The center benefits from its strategic location, just two miles from the major Loop 101 and I-10 freeways, ensuring excellent accessibility and high visibility for businesses. The surrounding area boasts a dense population of affluent residents, with average household incomes within a one-mile radius reaching nearly $163,000. This demographic profile presents a significant opportunity for businesses targeting high-spending consumers. Limited retail space availability in the immediate vicinity further underscores the unique value proposition of this property. The property's convenient freeway access, combined with the strong local demographics, creates a compelling investment opportunity for businesses seeking to establish or expand their presence in a high-demand market. The available space presents a chance to capitalize on the area's robust economic activity and affluent consumer base. Interested parties are encouraged to inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.94
    Latitude
    33.2872

    Comparable in this City

    • Value Estimation
      $2,635,000
      4,744 SF

      4030 Ray Rd

      SHOPPING CENTER, STRIP CENTER • 4,744 SF
      4030 Ray Rd, Chandler, AZ 85226-7254
      View Details
    • Value Estimation
      $5,560,000
      8,791 SF

      3605 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 8,791 SF
      3605 Chandler Blvd, Chandler, AZ 85226-3243
      View Details
    • Value Estimation
      $10,475,000
      8,400 SF

      4939 Ray Rd

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      4939 Ray Rd, Chandler, AZ 85226-2065
      View Details
    • Value Estimation
      $12,760,000
      25,027 SF

      900 54th St

      SHOPPING CENTER, STRIP CENTER • 25,027 SF
      900 54th St, Chandler, AZ 85226-1527
      View Details
    • Value Estimation
      $5,100,000
      7,812 SF

      885 54th St

      SHOPPING CENTER, STRIP CENTER • 7,812 SF
      885 54th St, Chandler, AZ 85226-1528
      View Details
    • Value Estimation
      $3,210,000
      14,152 SF

      6909 Ray Rd Ste, Unit 2

      SHOPPING CENTER, STRIP CENTER • 14,152 SF
      6909 Ray Rd Ste, Chandler, AZ 85226-1526
      View Details

    Similar Nearby for Sale

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      Chandler Retail Space - Drive-Thru

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      Retail Space in Chandler, Arizona

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      Lifestyle Center Retail Space Available

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    Similar Nearby for Lease

    • Contact for pricing
      28,739 SF

      Harmon Ranch Retail Center

      Prime Retail Space Available in Maricopa County
      0 Swc Ray Rd & Rural Rd, Chandler, AZ 85226
      View Details
    • Contact for pricing

      Chandler Retail Land Opportunity

      Prime 1.5-3.12 acre retail site
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      Chandler Fashion Center Pad Sites

      Pad sites available for ground lease, sale, or build-to-suit.
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      Chandler Retail Space For Rent

      Retail spaces available in Chandler, Arizona, with strong tenant mix.
      4030-4080 W Ray Rd, Chandler, AZ 85226
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    • $28,367,000
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      Chandler Neighborhood Center For Rent

      Neighborhood center at a strong Chandler intersection, near high school.
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      1,850 SF

      Chandler Retail Space For Lease

      Retail suites available in Chandler, near Loop 101.
      4040-4080 W Ray Rd, Chandler, AZ 85226
      View Details
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    Chandler, AZ 85226
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    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
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