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

    1815 Chandler Blvd Chandler, AZ 85224-6147

    • Day care centers
    • 8,143 SF
    • 1.44 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2024
    $3,800,000
    Value Estimations
    $3,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3227500
    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

    • The Goddard School of Chandler / Daycare Center

    Property Details for 1815 Chandler Blvd

    Year built
    2009
    Construction
    STEEL FRAME
    Lot size
    1.44 lot acres
    Property size
    8,143 SF
    Zone code
    PAD
    Property type
    Day care centers
    APN
    303-23-350
    APU
    30323350

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,950,000
      Market price range: $1.36M - $3.28M
      AI Estimate
      $2,883,000
      Market price range: $1.22M - $3.25M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $2,285,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $5,170,000
      Change: +126% Conversion: Difficult
      RESTAURANT
      $4,225,000
      Change: +85% Conversion: Difficult
      RETAIL STORES
      $3,680,000
      Change: +61% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,135,000
      Change: +37% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.874
    Latitude
    33.305
    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
    $13,483
    $0.00
    $0.00
    $274,181
    -
    $1,177,400
    $1,564,407
    $2,741,807

    Comparable in this City

    • Value Estimation
      $1,780,000
      6,588 SF

      350 Pennington Dr

      DAY CARE, PRE-SCHOOL • 6,588 SF
      350 Pennington Dr, Chandler, AZ 85224-8261
      View Details
    • Value Estimation
      $2,250,000
      5,520 SF

      1700 Warner Rd

      DAY CARE, PRE-SCHOOL • 5,520 SF
      1700 Warner Rd, Chandler, AZ 85224-2676
      View Details
    • Value Estimation
      $6,180,000
      15,398 SF

      2050 Ray Rd

      DAY CARE, PRE-SCHOOL • 15,398 SF
      2050 Ray Rd, Chandler, AZ 85224-4072
      View Details
    • Value Estimation
      $3,170,000
      8,049 SF

      2005 91st Pl

      DAY CARE, PRE-SCHOOL • 8,049 SF
      2005 91st Pl, Chandler, AZ 85224-1625
      View Details
    • Value Estimation
      $3,835,000
      10,600 SF

      1151 Ray Rd

      DAY CARE, PRE-SCHOOL • 10,600 SF
      1151 Ray Rd, Chandler, AZ 85224-3555
      View Details
    • Value Estimation
      $1,505,000
      3,746 SF

      1512 Elliot Rd

      DAY CARE, PRE-SCHOOL • 3,746 SF
      1512 Elliot Rd, Chandler, AZ 85224-1869
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,600 SF

      Chandler Freestanding Commercial Building

      Recently renovated commercial building on 2.167 acres in Chandler.
      1151 W Ray Rd, Chandler, AZ 85224
      View Details
    • Contact for pricing

      Chandler Learning Center Opportunity

      Equipped learning center with kitchen and multiple restrooms.
      2506 North Dobson Rd, Chandler, AZ 85224
      View Details
    • Contact for pricing

      Chandler Land For Sale

      Land available for sale in Chandler, Arizona.
      1500 W Chandler Blvd, Chandler, AZ 85224
      View Details
    • Contact for pricing
      3,895 SF

      Retail Space on Hard Corner

      Retail space in high-traffic location near employment districts.
      2998 N Alma School Rd, Chandler, AZ 85224
      View Details
    • Contact for pricing
      8,760 SF

      Retail Space in Busy Intersection

      Retail spaces available in high-traffic Chandler location.
      3150 N Alma School Rd, Chandler, AZ 85224
      View Details
    • Contact for pricing
      2,800 SF

      Free Standing Retail Showroom

      Retail showroom with drive-thru, located in a residential community.
      3025 N Alma School Rd, Chandler, AZ 85224
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      AZ, Chandler - Alma School Rd

      Discover many ways to work your way in Bellevue Skyline Tower
      1351 Alma School Rd, Chandler, AZ 85224
      View Details
    • $22 SF/Yr
      20,228 SF

      Chandler Office Space Available

      Office building in Chandler, Arizona, offering 20,228 square feet.
      2600 West Geronimo Pl, Chandler, AZ 85224
      View Details
    • Contact for pricing
      1,093 SF

      Medical Office Space Near Hospital

      Office space near Chandler Regional Hospital, easy access to freeways.
      2081 W Frye Rd, Chandler, AZ 85224
      View Details
    • Contact for pricing
      40,963 SF

      Chandler Retail Space For Lease

      Retail space in a high-traffic Chandler location.
      1964-1996 N Alma School Rd, Chandler, AZ 85224
      View Details
    • $25 SF/Yr
      6,600 SF

      Chandler Medical/Office Space Available

      Medical and retail tenant mix in Chandler, Arizona.
      1076 W Chandler Blvd, Chandler, AZ 85224
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Dense Area

      Retail suites available in a highly visible, family-oriented area.
      1987-1989 W Elliot Rd, Chandler, AZ 85224
      View Details
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    Chandler, AZ 85224-6147
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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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