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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Flex space
10 Roosevelt Ave Chandler, AZ 85226-3413
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3345848
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Construction
CONCRETE
Total area
7,200 SF
Lot
1 ac (43,516 SF)
Zoning code
I-2
APN
301-86-027B
UPID
US07-3345848
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hawkeye Electric, Inc. Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.62M
Owner & transaction history
Pimmex Development LLC · 1 yrs held
Pimmex Development LLC
since 2024
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
I-2 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+228.9%
Retail stores
$3.3M
+186.4%
Auto repair, garage
$2.8M
+144.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chandler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chandler submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,735,000
Change: +229% · Conversion: Difficult
RETAIL STORES
$3,255,000
Change: +186% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,770,000
Change: +144% · Conversion: Easy
WAREHOUSE, STORAGE
$1,890,000
Change: +66% · Conversion: Easy
OFFICE BUILDING
$1,640,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $3.12M (Aug 20 2024)
Last sale anchor
$3.12M
Aug 20 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$364 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,520
Tax year 2023
Assessed value
$305,118
Assessed 2024
Previous assessed
$254,490
+19.9% YoY
Effective rate
5.41%
On assessed value
Land market value
$542,500
Improvement market value
$1,306,700
Total market value
$1,849,200
Applied tax rate
280,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
7,200 SF
Lot
1 ac (43,516 SF)
Zoning code
I-2
APN
301-86-027B
UPID
US07-3345848
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Chandler, AZ
Zoning I-2 · permitted uses
I-2 · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chandler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1 ac
Current owner
From public records · entity-resolved
Pimmex Development LLC
Entity
Mailing address
10 S ROOSEVELT AVE, CHANDLER, AZ 85226-3413
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2024
$3,120,000
Pimmex Development LLC
Pat And Judy Tilton LLC
Special Warranty Deed
$2,400,000 · Notre Dame FCU
Mar 16, 2021
—
Pat And Judy Tilton LLC
—
Deed
related
$1,186,438 · Great Western Bank
May 7, 2019
—
Pat And Judy Tilton LLC
—
Deed
related
$496,561 · Great Western Bank
Oct 3, 2016
$967,000
Pat & Judy Tilton LLC
Mtn LLC
Special Warranty Deed
$822,000 · Great Western Bank
Jan 23, 2004
$625,000
Mtn LLC
Gila Properties II LP
Grant Deed
$500,000 · Compass Bank
—
—
Mtn LLC
—
Deed Of Trust
related
$250,000 · Compass Bank
—
—
Mtn LLC
—
Deed Of Trust
related
$374,000 · Compass Bank
—
—
Mtn LLC
—
Deed Of Trust
related
$180,000 · Compass Bank
—
—
Mtn LLC
—
Deed Of Trust
related
$350,000 · Compass Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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