Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    190 E Corporate Pl Chandler, AZ 85225

    • Flex space
    • 18,601 SF
    • 2.34 lot acres
    For Lease
    View listing
    Last Sale
    Apr 17, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2357650
    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

    • USA Insulation of East Valley Phoenix / Insulation Contractor
    • Guitar and Bass Lessons with Bret Helm / Guitar Instructor
    • Ess International / Electrical Substation
    • DUI.org / Legal Services
    • SRC Supply - Swift Resources Corporation / Industrial Equipment Supplier / Construction Equipment Supplier

    Property Details for 190 E Corporate Pl

    Year built
    2005
    Lot size
    2.34 lot acres
    Property size
    18,601 SF
    Property type
    Flex space
    APN
    302-29-349B
    APU
    30229349B

    Description

    This exceptional Chandler industrial property at 190 E Corporate Place offers 18,963 square feet of versatile flex, warehouse, and distribution space. Currently, there are multiple spaces available, ranging from a minimum of 3,211 square feet to a maximum contiguous space of 3,857 square feet. A significant 10,284 square feet is currently vacant and ready for immediate occupancy. The building, constructed in 2005, boasts an impressive 18-foot ceiling height, ideal for various industrial uses. Five dock-high doors provide efficient loading and unloading capabilities. The property features 277/480V power, ensuring sufficient electrical capacity for demanding operations. Situated on a generous 1.48-acre lot, this property provides ample outdoor space, enhanced by a large fenced area. The property is zoned LI-1 within the City of Chandler, Maricopa County, Arizona, and is located in the Chandler submarket, offering excellent access to major transportation routes and a thriving business community. The zip code is 85225. This property presents a unique opportunity for businesses seeking a modern, well-equipped industrial space with significant outdoor area in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,394,000
      Market price range: $1.62M - $3.77M
      AI Estimate
      $3,394,000
      Market price range: $1.62M - $3.77M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,935,000
      Current use
      MEDICAL BUILDING
      $3,930,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $3,470,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.837
    Latitude
    33.3413
    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
    $32,603
    $0.00
    $0.00
    $603,306
    -
    $839,600
    $2,816,800
    $3,656,400

    Comparable in this City

    • Value Estimation
      $2,030,000
      15,364 SF

      33 Comstock Dr

      LIGHT INDUSTRIAL • 15,364 SF
      33 Comstock Dr, Chandler, AZ 85225-1200
      View Details
    • Value Estimation
      $2,790,000
      20,694 SF

      2775 Arizona Ave

      LIGHT INDUSTRIAL • 20,694 SF
      2775 Arizona Ave, Chandler, AZ 85225-7700
      View Details
    • Value Estimation
      $3,360,000
      21,085 SF

      3155 Nevada St

      LIGHT INDUSTRIAL • 21,085 SF
      3155 Nevada St, Chandler, AZ 85225-1128
      View Details
    • Value Estimation
      $3,325,000
      20,084 SF

      2277 Nevada St

      LIGHT INDUSTRIAL • 20,084 SF
      2277 Nevada St, Chandler, AZ 85225-1943
      View Details
    • Value Estimation
      $4,635,000
      25,038 SF

      1601 Delaware St

      LIGHT INDUSTRIAL • 25,038 SF
      1601 Delaware St, Chandler, AZ 85225-0925
      View Details
    • Value Estimation
      $2,935,000
      14,476 SF

      531 Elliot Rd

      LIGHT INDUSTRIAL • 14,476 SF
      531 Elliot Rd, Chandler, AZ 85225-1192
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,353 SF

      Chandler Flex Space Investment Opportunity

      ±1,843 SF Office, Warehouse, & Mezzanine
      315 East Comstock Drive, Chandler, AZ 85225
      View Details
    • $3,395,000
      14,157 SF

      Chandler Industrial Warehouse For Sale

      Multi-tenant industrial warehouse in Chandler's industrial corridor.
      128 W Boxelder Pl, Chandler, AZ 85225
      View Details
    • $3,475,000
      13,120 SF

      Chandler Industrial Warehouse For Sale

      Industrial warehouse available for purchase in Chandler, Arizona.
      160 E Corporate Pl, Chandler, AZ 85225
      View Details
    • $1,147,300
      4,172 SF

      Chandler Warehouse with Automated Door

      Warehouse featuring automated door, evap cooling, and polished concrete.
      315 E Warner Rd, Chandler, AZ 85225
      View Details
    • $3,475,000
      13,120 SF

      Chandler Industrial Warehouse For Sale

      Industrial warehouse available for purchase in Chandler, Arizona.
      160 E Corporate Pl, Chandler, AZ 85225
      View Details
    • $1,437,500
      14,254 SF

      Chandler Industrial Building For Sale

      Industrial building in Chandler's industrial corridor, sale-leaseback opportunity.
      3220-3240 N Colorado St, Chandler, AZ 85225
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr
      13,120 SF

      Chandler Flex Space For Lease

      Office suite/warehouse space available for lease in Chandler, Arizona.
      170 E Corporate Pl, Chandler, AZ 85225
      View Details
    • $1.00 SF/Yr
      1,283 SF

      Chandler Flex Office Warehouse Space

      Flex office warehouse space available for lease in Chandler, Arizona.
      3498 N San Marcos Pl, Chandler, AZ 85225
      View Details
    • $1.25 SF/Yr
      2,823 SF

      Chandler Flex Space For Rent

      Flex space available in a professionally managed business park.
      325-375 E Elliot Rd, Chandler, AZ 85225
      View Details
    • $1.40 SF/Yr
      30,621 SF

      Chandler Industrial Manufacturing Space

      Prime Chandler location, 2,176 sq ft available.
      3454 San Marcos Pl, Chandler, AZ 85225
      View Details
    • $16 SF/Yr
      21,048 SF

      Chandler Flex Space For Lease

      Modern Flex Warehouse, 3,190 SF Available
      3155 Nevada St, Chandler, AZ 85225
      View Details
    • $17 SF/Yr
      2,752 SF

      Industrial Warehouse Space Available

      Industrial warehouse with flex office, restroom, and evaporative cooler.
      470 E Warner Rd, Chandler, AZ 85225
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    190 E Corporate Pl
    Chandler, AZ 85225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.