Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,505,000
Strip malls
1100 Alma School Rd Chandler, AZ 85224-3171
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-3364114
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
CONCRETE
Total area
16,926 SF
Lot
1.85 ac (80,796 SF)
Zoning code
PAD
APN
302-81-007U
UPID
US07-3364114
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
-
Bayshore Dental Group Dental Office
-
Cafe 86 - Chandler AZ Bakery Take-out & Catering
-
Papa John's Pizza Restaurant
-
Stage Door Studio Theater & Performing Art Venue
-
Dr. Lucian Morse Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.07M
Blend (final)
Blend
$9.51M
Owner & transaction history
Shipp Ltd LLP · 21 yrs held
Shipp Ltd LLP
since 2005
7 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.6M
+26.4%
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
NEIGHBORHOOD: SHOPPING CENTER
$10,745,000
Current use
COMMERCIAL (GENERAL)
$13,585,000
Change: +26% · Conversion: Easy
RESTAURANT
$8,785,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$9.51M
Range $8.55M – $10.46M · ±10%
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
$562 / 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
$33,577
Tax year 2023
Assessed value
$749,249
Assessed 2024
Previous assessed
$650,964
+15.1% YoY
Effective rate
4.48%
On assessed value
Land market value
$1,871,500
Improvement market value
$2,669,400
Total market value
$4,540,900
Applied tax rate
800,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
16,926 SF
Lot
1.85 ac (80,796 SF)
Zoning code
PAD
APN
302-81-007U
UPID
US07-3364114
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$13.6M
RESTAURANT
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.85 ac
Current owner
From public records · entity-resolved
Shipp Ltd LLP
Entity
Free & Clear · 21 yrs held
Mailing address
3523 N 70TH ST, SCOTTSDALE, AZ 85251-5523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2019
—
Shipp Holdings LLC
—
Deed
related
$1,587,132 · Wells Fargo Bk
Oct 15, 2018
—
Shipp Holdings LLC
—
Grant Deed
related
$1,587,132 · Wells Fargo Bk
Mar 1, 2005
$7,600,000
Shipp Ltd LLP
Carlton Don L Trust
Warranty Deed
—
Dec 22, 1995
$828,000
Cnl Net Lease Investors L P
Bce West LP
Trustees Deed
—
Dec 22, 1995
$692,500
Bce,west L P
Bc Estate Investments INC
Trustees Deed
—
Dec 22, 1995
$690,000
Bc Real Estate Investments INC
Bce West LP
Trustees Deed
—
May 26, 1994
$350,000
Plaza Properties INC
Sbs Realty INC
Trustees Deed
—
May 26, 1994
$500,000
Ray & Alma School L L C
Plaza Properties
Trustees Deed
$300,000 · Seller
—
—
Ray & Alma School L L C
—
Deed Of Trust
related
$2,100,000 · Heritage Bank
—
—
Shipp Holdings LLC
—
Loan Modification
related
$1,587,132 · Wells Fargo Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1100 Alma School Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
