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

    1450 Spectrum Blvd Chandler, AZ 85286

    • Office buildings
    • 86,477 SF
    • 18.35 lot acres
    For Lease
    View listing
    $32 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1815793
    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

    • Allstate Corporate - Chandler / Corporate Office
    • Allstate / Corporate Office

    Property Details for 1450 Spectrum Blvd

    Year built
    2012
    Construction
    CONCRETE
    Lot size
    18.35 lot acres
    Property size
    86,477 SF
    Zone code
    PAD
    Property type
    Office buildings
    APN
    303-25-764
    APU
    30325764

    Description

    This exceptional Class A office property, Allred Park Place - Building 4, offers a total of 100,622 square feet of versatile workspace in Chandler, Arizona. Currently, two suites totaling 50,311 square feet are available for lease. The building is part of the larger Allred Park Place development, a premier mixed-use complex boasting over two million square feet of sophisticated office space. Located at 1450 S Spectrum Blvd, Chandler, AZ 85286, this property benefits from a strategic location within the thriving Chandler submarket. Its convenient access to greater Metropolitan Phoenix and Sky Harbor International Airport makes it highly desirable for businesses of all sizes. The building's design caters to various office needs, encompassing traditional, executive, and creative office spaces. The property's Class A designation reflects its high-quality construction, modern amenities, and prime location. Interested parties are encouraged to explore the Allred Park Place website for further details. This is a rare opportunity to secure premium office space in one of Chandler's most sought-after business locations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $32,287,000
      Market price range: $7.80M - $32.3M
      AI Estimate
      $32,287,000
      Market price range: $7.80M - $32.3M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $44,880,000
      RETAIL STORES
      $39,080,000
      AUTO REPAIR, GARAGE
      $33,295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.888
    Latitude
    33.2853
    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
    $553,951
    $0.00
    $0.00
    $9,702,168
    -
    $15,216,100
    $43,584,921
    $58,801,021

    Comparable in this City

    • Value Estimation
      $2,050,000
      5,489 SF

      975 Armstrong Way

      OFFICE BUILDING • 5,489 SF
      975 Armstrong Way, Chandler, AZ 85286
      View Details
    • Value Estimation
      $600,000
      5,500 SF

      3190 Gilbert Rd, Unit 106

      OFFICE BUILDING • 5,500 SF
      3190 Gilbert Rd, Chandler, AZ 85286-5106
      View Details
    • Value Estimation
      $1,285,000
      12,032 SF

      3170 Gilbert Rd, Unit 121

      OFFICE BUILDING • 12,032 SF
      3170 Gilbert Rd, Chandler, AZ 85286-5104
      View Details
    • Value Estimation
      $1,285,000
      12,032 SF

      3170 Gilbert Rd, Unit 123

      OFFICE BUILDING • 12,032 SF
      3170 Gilbert Rd, Chandler, AZ 85286-5104
      View Details
    • Value Estimation
      $3,325,000
      36,844 SF

      1120 Dobson Rd, Unit 349

      OFFICE BUILDING • 36,844 SF
      1120 Dobson Rd, Chandler, AZ 85286-6165
      View Details
    • Value Estimation
      $3,670,000
      9,834 SF

      2715 Alma School Rd

      OFFICE BUILDING • 9,834 SF
      2715 Alma School Rd, Chandler, AZ 85286-4402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,758 SF

      Chandler Retail/Office Space Available

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    • $415,000
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      Chandler Self Storage Investment Opportunity

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      Commercial Land Near Major Retail

      Land for development near Loop 202 and major retailers.
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      5,683 SF

      Chandler Retail Pads For Sale

      Retail pads available for ground lease or build-to-suit.
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      30,133 SF

      Vacant Anchor Space Available

      30,133 SF vacant anchor space in mixed-use center.
      3050 S Gilbert Rd, Chandler, AZ 85286
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      1.30 Acres

      Ascend Chandler Retail Pads

      Prime Chandler Retail Opportunity
      0 Cooper Rd & Germann Rd, Chandler, AZ 85286
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      98,281 SF

      Chandler Office Campus Opportunity

      Turn-key office campus available for rent in Chandler, Arizona.
      1255 S Spectrum Blvd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      97,066 SF

      Office Building in Chandler, AZ

      Office building with planned signage available for lease.
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      143,791 SF

      Chandler Office Building For Rent

      Office building with 143,791 square feet available for rent.
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      49,710 SF

      Chandler Data Center Space Available

      Data center space available for lease in Chandler, Arizona.
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    • Contact for pricing
      66,637 SF

      Chandler Office Space For Rent

      66,637 SF turn-key office space with ample parking.
      1340 S Spectrum Blvd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      1,059 SF

      Professional Office Space Available

      High-quality office space suitable for small businesses.
      2715 S Alma School Rd, Chandler, AZ 85286
      View Details
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    1450 Spectrum Blvd
    Chandler, AZ 85286
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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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