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Property profile & analytics
FOR LEASE
Flex space
1600 S Hamilton St Chandler, AZ 85286
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-2516405
For Lease
1 / 8
$27,845,000
1600 S Hamilton St, Chandler, AZ 85286
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2020
Total area
73,586 SF
Lot
7.74 ac (337,181 SF)
Zoning code
PAD
APN
303-28-983
UPID
US07-2516405
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
-
Acme Construction Supply Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.98M
Blend (final)
Blend
$27.85M
Owner & transaction history
Columbia Arizona Hamilton Industria · 4 yrs held
Columbia Arizona Hamilton Industria
since 2022
Last sale
$32.5M
3 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$38.2M
+182.7%
Retail stores
$33.3M
+146.2%
Auto repair, garage
$28.3M
+109.7%
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
$30,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$38,190,000
Change: +183% · Conversion: Difficult
RETAIL STORES
$33,255,000
Change: +146% · Conversion: Moderate
AUTO REPAIR, GARAGE
$28,335,000
Change: +110% · Conversion: Easy
Blend value · Realmo final
$27.85M
Range $25.06M – $30.63M · ±10% · vs last sale $32.50M (Jan 26 2022)
Last sale anchor
$32.50M
Jan 26 2022
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
$378 / 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
$185,403
Tax year 2023
Assessed value
$3,844,583
Assessed 2024
Previous assessed
$2,900,982
+32.5% YoY
Effective rate
4.82%
On assessed value
Land market value
$2,876,400
Improvement market value
$20,424,100
Total market value
$23,300,500
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2020
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
73,586 SF
Lot
7.74 ac (337,181 SF)
Zoning code
PAD
APN
303-28-983
UPID
US07-2516405
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
RESTAURANT
Est. value
$38.2M
RETAIL STORES
Est. value
$33.3M
AUTO REPAIR, GARAGE
Est. value
$28.3M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2020
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
7.74 ac
Current owner
From public records · entity-resolved
Columbia Arizona Hamilton Industria
Individual
Free & Clear · 4 yrs held
Mailing address
120 N LA SALLE ST STE #2900, CHICAGO, IL 60602-2937
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
—
Columbia Arizona Hamilton Industria
—
Deed
related
$13,000,000 · State Farm Life Insurance Co
Jan 26, 2022
$32,500,000
Columbia Arizona Hamilton Industria
Willis Industrial Owner LLC
Special Warranty Deed
—
Aug 27, 2019
$2,276,086
Willis Industrial Owner LLC
Vwp Willis LLC
Grant Deed
—
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?”
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