Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1064 Ray Rd Chandler, AZ 85225-1542

    • Individual retail properties
    • 7,322 SF
    • 1.05 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2025
    $6,840,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0615236
    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

    • TYLER NICHOLAS BRONNENKANT / Emergency Care Physician
    • Dignity Health AZ General Hospital Emergency Room- Chandler-McQueen / Emergency Care Physician / Emergency Room
    • Dignity health AZ General / Hospital
    • Gilbert Cordero / Emergency Care Physician
    • Dignity Health – Arizona General ER / Emergency Room

    Property Details for 1064 Ray Rd

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    1.05 lot acres
    Property size
    7,322 SF
    Zone code
    PAD
    Property type
    Individual retail properties
    APN
    302-98-957
    APU
    30298957

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.822
    Latitude
    33.3211
    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
    $0.00
    $0.00
    $0.00
    $484,922
    -
    $1,389,000
    $1,549,923
    $2,938,923

    Comparable in this City

    • Value Estimation
      $6,525,000
      780 SF

      702 Cleveland St

      LAUNDROMAT (SELF-SERVICE) • 780 SF
      702 Cleveland St, Chandler, AZ 85225
      View Details
    • Value Estimation by Request
      462 SF

      15606 Gilbert Rd

      LAUNDROMAT (SELF-SERVICE) • 462 SF
      15606 Gilbert Rd, Chandler, AZ 85225-6041
      View Details
    • Value Estimation by Request
      528 SF

      1070 California St

      LAUNDROMAT (SELF-SERVICE) • 528 SF
      1070 California St, Chandler, AZ 85225-6679
      View Details
    • Value Estimation by Request
      1,232 SF

      1 Galveston St

      BARBER, HAIR SALON • 1,232 SF
      1 Galveston St, Chandler, AZ 85225-6704
      View Details
    • Value Estimation
      $2,470,000
      29,280 SF

      910 Pecos Rd

      GYM, HEALTH SPA • 29,280 SF
      910 Pecos Rd, Chandler, AZ 85225-2461
      View Details
    • Value Estimation by Request
      35,000 SF

      1970 Ray Rd

      GYM, HEALTH SPA • 35,000 SF
      1970 Ray Rd, Chandler, AZ 85225-8725
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,353 SF

      Chandler Flex Space Investment Opportunity

      ±1,843 SF Office, Warehouse, & Mezzanine
      315 East Comstock Drive, Chandler, AZ 85225
      View Details
    • $3,395,000
      14,157 SF

      Chandler Industrial Warehouse For Sale

      Multi-tenant industrial warehouse in Chandler's industrial corridor.
      128 W Boxelder Pl, Chandler, AZ 85225
      View Details
    • $1,437,500
      14,254 SF

      Chandler Industrial Building For Sale

      Industrial building in Chandler's industrial corridor, sale-leaseback opportunity.
      3220-3240 N Colorado St, Chandler, AZ 85225
      View Details
    • $1,750,000
      9,692 SF

      Chandler Office Building For Sale

      Office building with frontage on Ray Rd in Chandler, AZ.
      78 W Ray Rd, Chandler, AZ 85225
      View Details
    • New
      $424,900
      1,145 SF

      Chandler Duplex Investment Opportunity

      Updated duplex with new A/C and roof, generating cash flow.
      721 N Delaware St, Chandler, AZ 85225
      View Details
    • Contact for pricing

      Chandler Blvd Retail Land PAD

      Prime Gilbert location, 20,003 sq ft.
      0 Mcqueen Rd, Gilbert, AZ 85225
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,493 SF

      Retail Shops Near Hamilton High

      Highly visible retail shops near schools and major retailers.
      3705 S Arizona Ave, Chandler, AZ 85225
      View Details
    • $21 SF/Yr
      2,053 SF

      Retail Space with Extensive Windows

      Retail space featuring abundant natural light and ample parking.
      3120 N Arizona Ave, Chandler, AZ 85225
      View Details
    • Contact for pricing
      1,454 SF

      Retail Space in Fulton Ranch

      Premier retail space in a high-end, lake-based community.
      4100 S Arizona Ave, Chandler, AZ 85225
      View Details
    • $18 SF/Yr
      3,786 SF

      Retail Space Near Downtown Chandler

      Retail space available near Downtown Chandler with excellent signage.
      155 E Ray Rd, Chandler, AZ 85225
      View Details
    • $20 SF/Yr
      1,128 SF

      Retail Space Near Major Hospitals

      Retail space for lease near hospitals and Mesa Gateway Airport.
      135 E Ray Rd, Chandler, AZ 85225
      View Details
    • Contact for pricing
      1,800 SF

      Chandler Retail Space Available

      Retail space available in Chandler, Arizona.
      941-985 W Elliot Rd, Chandler, AZ 85225
      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.
    1064 Ray Rd
    Chandler, AZ 85225-1542
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.