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Property profile & analytics
OFF-MARKET
Estimated value
$3,455,000
Auto shops
1880 Arizona Ave Chandler, AZ 85286-7161
Entity Owned
3-yr Hold
Property ID
US07-3214722
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2022
Total area
8,818 SF
Lot
0.73 ac (31,924 SF)
APN
303-27-886
UPID
US07-3214722
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
-
AAMCO Transmissions & Total Car Care Auto Repair Shop
-
Mold Remediation Chandler Answers Home Inspector Water Damage Restoration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.46M
Owner & transaction history
Luke 1219 LLC · 3 yrs held
Luke 1219 LLC
since 2023
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.6M
+64.9%
Restaurant
$4.6M
+34.8%
Retail stores
$4.0M
+17.4%
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
$3,690,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,395,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,600,000
Change: +65% · Conversion: Difficult
RESTAURANT
$4,575,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$3,985,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$3.46M
Range $3.32M – $3.38M · vs last sale $3.33M (Apr 4 2023)
Last sale anchor
$3.33M
Apr 4 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
$392 / 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
$3,919
Tax year 2023
Assessed value
$209,390
Assessed 2024
Previous assessed
$74,820
+179.9% YoY
Effective rate
1.87%
On assessed value
Land market value
$573,600
Improvement market value
$695,433
Total market value
$1,269,033
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2022
Stories
1
Total area
8,818 SF
Lot
0.73 ac (31,924 SF)
APN
303-27-886
UPID
US07-3214722
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RESTAURANT
Est. value
$4.6M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
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
2022
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Luke 1219 LLC
Entity
Mailing address
3297 E IRONSIDE LN, GILBERT, AZ 85298-0847
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Luke 1219 LLC
—
Deed
related
$500,000 · Mountain America Federal Credit Union
Apr 4, 2023
$3,333,333
Luke 1219 LLC
Ph Arizona Germann LLC
Special Warranty Deed
$1,495,000 · Mountain America FCU
Feb 10, 2022
$1,391,056
Ph Arizona Germann LLC
Echelon Chandler LLC
Special Warranty 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.
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