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Property profile & analytics
OFF-MARKET
Estimated value
$6,635,000
Retail space
1400 Arizona Ave, Chandler, AZ 85286-6514
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1585501
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
CONCRETE
Total area
8,330 SF
Lot
2.32 ac (101,131 SF)
Zoning code
PAD
APN
303-27-416
UPID
US07-1585501
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
-
Automart Superstore Car Dealership
-
Tennis & Pickleball Cabana Tennis Store Pickleball Court
-
Desert Hot Tubs (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Endless Pools General Contractor
-
Mattress Firm Arizona Avenue Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.90M
Blend (final)
Blend
$6.64M
Owner & transaction history
1400az LLC · 3 yrs held
1400az LLC
since 2023
Last sale
$7.3M
4 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.7M
+77.6%
Neighborhood: shopping center
$5.3M
+40.5%
Restaurant
$4.3M
+14.8%
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
$6,760,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,685,000
Change: +78% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,290,000
Change: +40% · Conversion: Moderate
RESTAURANT
$4,325,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$6.64M
Range $5.97M – $7.30M · ±10% · vs last sale $7.30M (May 24 2023)
Last sale anchor
$7.30M
May 24 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
$797 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$34,285
Tax year 2023
Assessed value
$592,261
Assessed 2024
Previous assessed
$512,227
+15.6% YoY
Effective rate
5.79%
On assessed value
Land market value
$1,680,500
Improvement market value
$1,908,958
Total market value
$3,589,458
Applied tax rate
800,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
8,330 SF
Lot
2.32 ac (101,131 SF)
Zoning code
PAD
APN
303-27-416
UPID
US07-1585501
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chandler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
RESTAURANT
Est. value
$4.3M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.32 ac
Current owner
From public records · entity-resolved
1400az LLC
Entity
Mailing address
7311 E THOMAS RD, SCOTTSDALE, AZ 85251-7229
Ownership since
2023
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 24, 2023
$7,300,000
1400az LLC
Tsp LP II LP
Special Warranty Deed
$4,800,000 · Bank Of America NA
Mar 25, 2013
—
LP Tsp II
—
Deed Of Trust
related
$9,095,000 · Barclays Bank Plc
Jan 28, 2013
$3,650,000
LP Tsp II
Continental Chandler LLC
Grant Deed
$2,000,000 · Barclays Bank Plc
—
—
Continental Chandler LLC
—
Deed Of Trust
related
$3,755,254 · Bmo Harris Bank
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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