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1065 Riggs Rd Chandler, AZ 85249-3670

OFF-MARKET Retail space Google Maps
6,060 SF 0.65 ac lot Built 2003
Trust Owned ~ Est. High Equity
Estimated value (blended)
$830k
Range $747k – $913k (±10%)
Property ID US07-2669743

Property summary

AI-generated overview

This exceptional retail investment property in Chandler, Arizona, presents a compelling opportunity. Located at 1065 E Riggs Rd, 85249, this 6,060 square foot building sits on a substantial 28,267 square foot lot. Constructed in 2003, the property boasts excellent condition and benefits from a high-traffic corner location. The current lease has five years remaining and is secured by a major private equity firm, providing significant financial stability and predictable income. The property offers a compelling 6.56% capitalization rate, making it an attractive addition to any investment portfolio. The asking price is $1,695,000. This is a rare chance to acquire a well-maintained, high-performing retail asset in a thriving Arizona market. The property's strong tenant and location ensure a secure and profitable investment. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction CONCRETE
Total area 6,060 SF
Lot 0.65 ac (28,267 SF)
Zoning code PAD
APN 303-79-839
UPID US07-2669743

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$830k

Owner & transaction history

since 2025
7 recorded transactions
2025
$1.5M
2018
Price N/A
2015
$750,000
2003
$1.3M
2002
$206,000
2002
$194,660
1969
Price N/A

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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