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Property profile & analytics
OFF-MARKET
Estimated value
$30,000,000
Medical Office Space
1125 Alma School Rd, Chandler, AZ 85286-2810
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2361840
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
65,857 SF
Lot
4.54 ac (197,569 SF)
APN
303-27-890
UPID
US07-2361840
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
-
Ryan Anthony Neeley, DO Physician
-
Mohammad Zaidan, MD Physician
-
Rishi Kirit Patel, MD Physician
-
Tomas Rivera-Bonilla, MD Physician
-
Janette Esperanza Carrillo, PAC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$30.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.48M
Blend (final)
Blend
$30.00M
Owner & transaction history
Mmac 2023 Chandler LLC · 1 yrs held
Mmac 2023 Chandler LLC
since 2024
Last sale
$30.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$41.8M
+200.5%
Restaurant
$34.2M
+145.7%
Retail stores
$29.8M
+113.9%
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
$30,000,000
ML approach
$30,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$41,805,000
Change: +201% · Conversion: Difficult
RESTAURANT
$34,180,000
Change: +146% · Conversion: Difficult
RETAIL STORES
$29,760,000
Change: +114% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,360,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$30.00M
Range $27.00M – $33.00M · ±10% · vs last sale $30.00M (Dec 19 2024)
Last sale anchor
$30.00M
Dec 19 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
$456 / 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
$142,806
Tax year 2023
Assessed value
$3,604,497
Assessed 2024
Previous assessed
$3,619,827
-0.4% YoY
Effective rate
3.96%
On assessed value
Land market value
$3,620,500
Improvement market value
$18,224,938
Total market value
$21,845,438
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Buildings
2
Stories
3
Total area
65,857 SF
Lot
4.54 ac (197,569 SF)
APN
303-27-890
UPID
US07-2361840
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.8M
RESTAURANT
Est. value
$34.2M
RETAIL STORES
Est. value
$29.8M
AUTO REPAIR, GARAGE
Est. value
$25.4M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2021
Stories
3
Buildings
2
Lot
4.54 ac
Current owner
From public records · entity-resolved
Mmac 2023 Chandler LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1835 NEWPORT BLVD, COSTA MESA, CA 92627-5031
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
$30,000,000
Mmac 2023 Chandler LLC
Az Banner Investments LLC
Special Warranty Deed
—
Feb 25, 2022
—
Az Banner Investments LLC
—
Deed
related
$22,000,000 · First Citizens Bank & Trust Co
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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