Property profile

1244 Chandler Blvd Phoenix, AZ 85048

OFF-MARKET
Strip malls
Property ID
US07-1147380
8,475 SF 1.5 ac lot Built 1994
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a multi-tenant retail space within a larger project totaling approximately 17,595 square feet. The structure was constructed in 1994 and is zoned PCD by the City of Phoenix. The retail configuration includes an available suite of approximately 4,007 square feet designed for retail use, within a surrounding commercial area that includes businesses such as Foothills Family Dental, Stone Path Real Estate, Montessori Academy, and Circle K.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Construction CONCRETE
Total area 8,475 SF
Lot 1.5 ac (65,187 SF)
Zoning code C-2
APN 300-36-991K
UPID US07-1147380

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • High School Daycare Center

Location

1244 Chandler Blvd Phoenix, AZ 85048-4600
Phoenix metro Census 116728 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
$3.90M
Blend (final) Blend
$560k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Commercial (general) $5.9M +173.6%
Restaurant $4.5M +109.8%
Auto repair, garage $3.6M +66.0%

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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