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Property profile & analytics
OFF-MARKET
Strip malls
12220 Riggs Rd Chandler, AZ 85249-3738
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0810109
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
CONCRETE
Total area
7,200 SF
Lot
8.4 ac (365,891 SF)
Zoning code
RU-43
APN
303-54-010M
UPID
US07-0810109
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
-
Sunny Sayarath Hair Stylist Hair Salon Nail Salon
-
Sozo Physical Therapy - Chandler Medical Clinic
-
AZ Oriental Foot Spa Alternative Medicine Practice Spa & Massage Center
-
SmartStop Self Storage Storage Facility
-
WeightLoss Boutique Weight Loss Service Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sst Vi 12220 E Riggs Rd LLC · 4 yrs held
Sst Vi 12220 E Riggs Rd LLC
since 2022
Last sale
$25.5M
4 recorded transactions
Zoning & alternative use
RU-43 · Chandler, AZ
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$50,804
Tax year 2023
Assessed value
$1,028,469
Assessed 2024
Previous assessed
$901,816
+14.0% YoY
Effective rate
4.94%
On assessed value
Land market value
$2,428,000
Improvement market value
$3,805,148
Total market value
$6,233,148
Applied tax rate
800,017.0000
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
9
Stories
1
Units
8
Total area
7,200 SF
Lot
8.4 ac (365,891 SF)
Zoning code
RU-43
APN
303-54-010M
UPID
US07-0810109
Jurisdiction
MARICOPA
Zoning & alternative use
RU-43 · Chandler, AZZoning RU-43 · permitted uses
RU-43 · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
9
Units
8
Lot
8.4 ac
Current owner
From public records · entity-resolved
Sst Vi 12220 E Riggs Rd LLC
Entity
Mailing address
10 TER RD, LADERA RANCH, CA 92694-1182
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$25,500,000
Sst Vi 12220 E Riggs Rd LLC
Vault At Riggs Road LLC
Special Warranty Deed
—
Dec 22, 2020
—
Vault At Riggs Road LLC
—
Deed
related
$6,285,000 · A10 Capital LLC
Aug 7, 2020
$8,350,000
Vault At Riggs Road LLC
Lawhead Family LLC
Special Warranty Deed
$3,800,000 · First Fidelity Bank
Jul 17, 1996
$260,000
Lawhead Family L L C
Frank D & Josie L Moreno
Grant Deed
—
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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