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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Auto shops
11607 Riggs Rd Chandler, AZ 85249-3604
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1016147
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1990
Construction
STEEL FRAME
Total area
3,040 SF
Lot
0.59 ac (25,522 SF)
Zoning code
C-G
APN
303-58-019F
UPID
US07-1016147
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
-
Highland Auto Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Riggs Rentals LLC · 1 yrs held
Riggs Rentals LLC
since 2024
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
C-G · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$2.4M
+108.4%
Neighborhood: shopping center
$1.9M
+64.9%
Retail stores
$1.4M
+17.4%
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
$1,605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,170,000
Current use
COMMERCIAL (GENERAL)
$2,440,000
Change: +108% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,930,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$1,375,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.45M (Dec 1 2023)
Last sale anchor
$1.45M
Dec 1 2023
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
$493 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,154
Tax year 2022
Assessed value
$81,867
Assessed 2024
Previous assessed
$71,451
+14.6% YoY
Effective rate
8.74%
On assessed value
Land market value
$262,100
Improvement market value
$234,063
Total market value
$496,163
Applied tax rate
800,053.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
3,040 SF
Lot
0.59 ac (25,522 SF)
Zoning code
C-G
APN
303-58-019F
UPID
US07-1016147
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Chandler, AZZoning C-G · permitted uses
C-G · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1990
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Riggs Rentals LLC
Entity
Free & Clear · 1 yrs held
Mailing address
905 W CHEYENNE DR, CHANDLER, AZ 85225-2171
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
Riggs Rentals LLC
Jason Warnick
Warranty Deed
—
Dec 1, 2023
$1,450,000
Jason Warnick
Vista Star Properties III LLC
Warranty Deed
$1,250,000 · Vista Star Company LLC
Feb 12, 2016
$675,000
Vista Star Props III LLC
Hymer,thomas
Grant Deed
$492,237 · Thomas & William Hymer
Dec 16, 2014
—
Hymer Thomas William|hymer Tanya Etal
Hymer,thomas
Quit Claim Deed
related
—
Aug 3, 2004
—
Thomas Hymer
Menkin,richard
Warranty Deed
related
—
Aug 31, 2000
—
Michael Hymer
D J Hymer Estate
Quit Claim Deed
related
—
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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