New search
Property profile & analytics
FOR LEASE
Strip malls
1420 E Chandler Blvd, Phoenix, AZ 85048
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0061977
For Lease
1 / 3
$28 SF/Yr
1420 E Chandler Blvd, Phoenix, AZ 85048
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
CONCRETE
Total area
6,900 SF
Lot
0.64 ac (28,009 SF)
Zoning code
C-2
APN
300-97-232
UPID
US07-0061977
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
-
Anytime Fitness Gym & Fitness Center
-
By the Bucket Ahwatukee Restaurant
-
Ah-wok-tukee Asian Cuisine Restaurant
-
Live Evolved Shakes & Supps Specialty Food Shop
-
UBF Church
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
Ponderosa LLC · 3 yrs held
Ponderosa LLC
since 2022
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$17,235
Tax year 2023
Assessed value
$296,904
Assessed 2024
Previous assessed
$266,662
+11.3% YoY
Effective rate
5.80%
On assessed value
Land market value
$924,200
Improvement market value
$875,217
Total market value
$1,799,417
Applied tax rate
281,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,900 SF
Lot
0.64 ac (28,009 SF)
Zoning code
C-2
APN
300-97-232
UPID
US07-0061977
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Ponderosa LLC
Entity
Mailing address
PO BOX 25414, SCOTTSDALE, AZ 85255-0106
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2022
$6,700,000
Ponderosa LLC
Chandler Blvd 2019 LLC
Special Warranty Deed
$4,522,770 · First State Bank
Dec 30, 2019
$5,100,000
Chandler Blvd 2019 LLC
Marketplace Square LLC
Trustees Deed
$4,160,000 · Cornerstone Bk
Sep 25, 2007
$7,900,000
Marketplace Square LLC
River Market Properties LLC
Grant Deed
—
Aug 19, 2005
$7,450,000
River Market Properties
River Heights Apartments LLC
Grant Deed
$4,220,000 · Wells Fargo Bank NA
Jan 2, 2004
—
Blvd Props Phase L Chandler II
Marvin,philip L & Joan C
Warranty Deed
related
$1,100,000 · Pacific Continental Bank
Oct 1, 2001
—
Chandler Blvd Properties LLC
Marvin,philip L & Joan C
Grant Deed
related
—
Oct 1, 2001
$3,800,000
Philip L Marvin
Marketplace Associates LLC
Grant Deed
related
—
Oct 1, 2001
$330,000
Philip L Marvin
Kft Properties INC
Grant Deed
related
—
Dec 23, 1999
$280,000
Kft Properties INC
Marketplace Pad LLC
Grant Deed
related
—
Sep 24, 1999
—
Marketplace Pad LLC
Marketplace Associates
Quit Claim Deed
related
—
—
—
Marketplace Square LLC
—
Deed Of Trust
related
$3,500,000 · Bankers Tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
