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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1241 Chandler Blvd Phoenix, AZ 85048-4605

    • Strip malls
    • 8,692 SF
    • 2.24 lot acres
    OFF-MARKET
    Last Sale
    Mar 05, 2025
    Value Estimations
    $3,785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0763729
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Domino's Pizza / Take-out & Catering
    • Magical Journey Learning Center / High School / Daycare Center
    • Foothills Super Cleaners / (Bike/Boat/Book/etc) Store
    • Foothills Park Plaza / Shopping Center & Mall
    • Spinal Correction Center / Alternative Medicine Practice

    Property Details for 1241 Chandler Blvd

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    2.24 lot acres
    Property size
    8,692 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    300-97-230
    APU
    30097230

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,999,000
      Market price range: $1.02M - $4.00M
      AI Estimate
      $3,569,000
      Market price range: $939k - $3.57M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,055,000
      RESTAURANT
      $4,640,000
      AUTO REPAIR, GARAGE
      $3,675,000
      RETAIL STORES
      $2,590,000
      MEDICAL BUILDING
      $2,305,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.057
    Latitude
    33.3056
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,769
    $0.00
    $0.00
    $983,956
    -
    $3,222,800
    $2,740,567
    $5,963,367

    Comparable in this City

    • Value Estimation
      $3,690,000
      8,475 SF

      1244 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 8,475 SF
      1244 Chandler Blvd, Phoenix, AZ 85048-4600
      View Details
    • Value Estimation
      $4,830,000
      22,820 SF

      3233 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 22,820 SF
      3233 Chandler Blvd, Phoenix, AZ 85048-7295
      View Details
    • Value Estimation
      $6,535,000
      23,224 SF

      1442 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 23,224 SF
      1442 Chandler Blvd, Phoenix, AZ 85048-6265
      View Details
    • Value Estimation
      $2,330,000
      6,224 SF

      1304 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 6,224 SF
      1304 Chandler Blvd, Phoenix, AZ 85048-6270
      View Details
    • Value Estimation
      $2,545,000
      5,853 SF

      5029 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 5,853 SF
      5029 Chandler Blvd, Phoenix, AZ 85048-0870
      View Details
    • Value Estimation
      $4,540,000
      20,038 SF

      4647 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 20,038 SF
      4647 Chandler Blvd, Phoenix, AZ 85048-0434
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,934 SF

      Chandler Blvd Retail Center

      Phoenix, AZ: Multi-Tenant Retail Investment
      4142 Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      13,934 SF

      Ahwatukee Strip Center Investment Opportunity

      Fully occupied strip center in Ahwatukee neighborhood with upside potential.
      4142 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      5,172 SF

      Retail Ground Lease For Sale

      15-year ground lease available in Phoenix, Arizona.
      3956 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • $1,874,070

      Freestanding Industrial Building For Sale

      Freestanding industrial building with showroom and covered parking.
      3838 E Grove St, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      3,825 SF

      Phoenix Restaurant Investment Opportunity

      Restaurant property with lease in place and income growth.
      4916 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • $695,000
      1.25 Acres

      Ahwatukee Foothills Land Opportunity

      1.25 acre lot with included home design plans.
      15840 S 22Nd St, Phoenix, AZ 85048
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,118 SF

      Retail Space in Busy Center

      Retail space available in a busy, anchored shopping center.
      2436 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing

      Retail Center with Excellent Signage

      Multi-tenant retail center with suites available for lease.
      4206 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      2,048 SF

      Retail Space in Busy Center

      Retail space available in a busy shopping center.
      4910 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      1,867 SF

      Retail Space in High Traffic Area

      Retail space available in a major shopping center.
      4929 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing

      Ahwatukee Retail Space Available

      Retail space available in Ahwatukee Kohl's Shopping Center.
      4645 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in Phoenix, Arizona shopping center.
      4025 E Chandler Blvd, Phoenix, AZ 85048
      View Details
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    Phoenix, AZ 85048-4605
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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