Property profile

118 Southgate Dr Ste 2 Chandler, AZ 85226

OFF-MARKET
Warehouses
Property ID
US07-2208336
5,640 SF 0.07 ac lot Built 1988
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Construction CONCRETE
Total area 5,640 SF
Lot 0.07 ac (2,959 SF)
Zoning code I-1
APN 301-85-251
UPID US07-2208336

Cap rate & NOI

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

Location

118 Southgate Dr Ste, Unit 2 Chandler, AZ 85226-3235
Chandler metro Census 980400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$974k
Blend (final) Blend
$965k

Owner & transaction history

since 2017
2 recorded transactions
2017
$485,000
2005
$544,368

Zoning & alternative use

I-1 · Chandler, AZ
Zoning description

cordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1405. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XV. -…

General category INDUSTRIAL

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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