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

    1 Roosevelt Ave Chandler, AZ 85226-3474

    • Industrial properties
    • 16,019 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Oct 08, 2021
    $2,900,000
    Value Estimations
    $2,535,000
    Show details
    Cap Rate Potential
    4.7%
    Industrial properties
    Location Intelligence
    Property ID
    US07-3204843
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Betacom Inc. / Construction Company
    • Towing Chandler / Towing Service / Towing Equipment Provider

    Property Details for 1 Roosevelt Ave

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    0.70 lot acres
    Property size
    16,019 SF
    Zone code
    I-1
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    301-86-019D
    APU
    30186019D

    Description

    This exceptional 18,000-square-foot industrial property, located at 1 N Roosevelt Ave in Chandler, Arizona, 85226, presents a significant opportunity for manufacturing businesses seeking a single-tenant space. The entire building is currently vacant and ready for immediate occupancy. The property is classified as a manufacturing facility and offers ample space for a variety of industrial operations. Its strategic location in Chandler provides easy access to major transportation routes, ensuring efficient logistics and distribution. The building's total square footage is 18,000 square feet, providing a substantial area for production, warehousing, or office space. This single-tenant occupancy offers complete control and customization options for the tenant. The property is situated at 33.3037933 latitude and -111.9504968 longitude, offering convenient access to local amenities and a skilled workforce. This is an ideal opportunity for a company looking to establish or expand its manufacturing operations in a prime Chandler location. The property's size and layout offer flexibility for various manufacturing processes and configurations. Interested parties are encouraged to inquire for further details and scheduling a viewing. This is a rare opportunity to secure a substantial, ready-to-occupy industrial space in a thriving Arizona market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,740,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,140,000
      6.5%
      $1,975,000
      7%
      $1,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,349,000
      Market price range: $529k - $4.72M
      AI Estimate
      $2,349,000
      Market price range: $529k - $4.72M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,525,000
      Current use
      WAREHOUSE, STORAGE
      $4,200,000
      Change: +66% Conversion: Easy
      OFFICE BUILDING
      $3,645,000
      Change: +44% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.95
    Latitude
    33.304
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,778
    $0.00
    $0.00
    $316,635
    -
    $385,700
    $1,533,300
    $1,919,000

    Comparable in this City

    • Value Estimation
      $530,000
      6,177 SF

      115 Weber Dr

      INDUSTRIAL LOFT BUILDING • 6,177 SF
      115 Weber Dr, Chandler, AZ 85226-3208
      View Details
    • Value Estimation
      $560,000
      5,956 SF

      110 Southgate Dr

      INDUSTRIAL LOFT BUILDING • 5,956 SF
      110 Southgate Dr, Chandler, AZ 85226-3233
      View Details
    • Value Estimation
      $2,455,000
      8,336 SF

      400 79th St

      INDUSTRIAL LOFT BUILDING • 8,336 SF
      400 79th St, Chandler, AZ 85226-4720
      View Details
    • Value Estimation
      $2,575,000
      9,928 SF

      4015 Milky Way

      INDUSTRIAL LOFT BUILDING • 9,928 SF
      4015 Milky Way, Chandler, AZ 85226-4755
      View Details
    • Value Estimation
      $2,610,000
      10,395 SF

      6849 Frye Rd

      INDUSTRIAL LOFT BUILDING • 10,395 SF
      6849 Frye Rd, Chandler, AZ 85226-3307
      View Details
    • Value Estimation
      $4,570,000
      28,305 SF

      5752 Oakland St

      INDUSTRIAL LOFT BUILDING • 28,305 SF
      5752 Oakland St, Chandler, AZ 85226
      View Details

    Similar Nearby for Sale

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      Chandler Industrial Building with Cleanroom

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      28,305 SF warehouse featuring a clean room and heavy power.
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      Chandler Warehouse with Spec Office

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      Chandler Warehouse with HVAC System

      HVAC warehouse with dock and grade level doors in Chandler.
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    Similar Nearby for Lease

    • $1.30 SF/Yr
      16,500 SF

      Chandler Industrial Space Available

      Industrial property available for lease at 56th St & Chandler Blvd.
      6700 W Chicago St, Chandler, AZ 85226
      View Details
    • $1.30 SF/Yr
      17,600 SF

      Industrial Space For Lease

      Industrial space available for lease at Frye Rd & Kyrene Rd.
      6503 W Frye Rd, Chandler, AZ 85226
      View Details
    • $1.35 SF/Yr
      17,600 SF

      Chandler Industrial Space For Lease

      Industrial space featuring I-2 zoning, ample parking, and freeway access.
      6501 W Frye Rd, Chandler, AZ 85226
      View Details
    • $1.35 SF/Yr
      18,744 SF

      Chandler Industrial Space For Lease

      Industrial space with I-2 zoning, ample parking, and freeway access.
      6509 W Frye Rd, Chandler, AZ 85226
      View Details
    • $1.40 SF/Yr
      16,500 SF

      Industrial Space For Lease

      Industrial space available for lease at 56th St & Chandler Blvd.
      6700 W Chicago St, Chandler, AZ 85226
      View Details
    • Contact for pricing
      14,200 SF

      Chandler Warehouse with Covered Parking

      14,200 SF warehouse with convenient freeway access and parking.
      6151 W Erie St, Chandler, AZ 85226
      View Details
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    1 Roosevelt Ave
    Chandler, AZ 85226-3474
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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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