Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19039 Arizona Ave Chandler, AZ 85286-7702
    Back to Search
    Property profile & analytics

    19039 Arizona Ave, Chandler, AZ 85286-7702

    View on Map
    • Retail space
    • 2,960 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US07-0973926
    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.
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brooksie's Propane / Propane Supplier
    • Island Grills Pellet Grills / Department Store

    Property Details for 19039 Arizona Ave

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    0.49 lot acres
    Zone code
    C-C
    Property type
    Retail space
    APN
    303-33-018G
    APU
    30333018G

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2019 $425,000 Jedi Mar Properties LLC Brooks,gerald A & Doris J Grant Deed $425k · Gerald A & Doris J Brooks
    Apr 1, 2019 — Gerald A Brooks Brooks G A & D J L/tr Quit Claim Deed · related —
    Oct 23, 2001 — J D Brooks LLC Brooks,gerald A & Doris J Quit Claim Deed · related —
    Sep 28, 2001 $516,000 Gerald A Brooks Hoots Family Investment LP Grant Deed $516k · Hoots Family Investment LP
    Jan 13, 2000 $412,500 Hoots Family Investment LP Rent Rite INC Grant Deed —
    Jan 5, 2000 — Rent Rite INC Wright,roy R & Jean E Grant Deed · related —
    Jul 20, 1999 — Roy R Wright Rent-rite INC Quit Claim Deed · related —
    Mar 7, 1996 — Rent Rite INC Fred E Warren Grant Deed · related —
    May 1, 1995 — William T Barnes Green Grant Deed · related —
    — — Rent-rite INC — Deed Of Trust · related $150k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $930,000
      Market price range: $458k - $2.73M
      AI Estimate
      $930,000
      Market price range: $458k - $2.73M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,340,000
      Current use
      AUTO REPAIR, GARAGE
      $1,140,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.841
    Latitude
    33.2736
    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
    $6,497
    $0.00
    $0.00
    $93,341
    -
    $362,300
    $203,400
    $565,700

    Comparable in this City

    • Value Estimation by Request
      196,615 SF

      Nec Queen Crk Rd & Alma School Rd

      Individual retail properties
      0 Nec Queen Crk Rd & Alma School Rd, Chandler, AZ 85286
      View Details
    • Value Estimation
      $11,065,000
      12,000 SF

      275 Willis Rd

      RETAIL STORES (PERSONAL SERVICES)
      275 Willis Rd, Chandler, AZ 85286-1010
      View Details
    • Value Estimation
      $6,635,000
      8,330 SF

      1400 Arizona Ave

      RETAIL STORES (PERSONAL SERVICES)
      1400 Arizona Ave, Chandler, AZ 85286-6514
      View Details
    • Value Estimation by Request
      863 SF

      3095 Queen Crk Rd

      RETAIL STORES (PERSONAL SERVICES)
      3095 Queen Crk Rd, Chandler, AZ 85286-3101
      View Details
    • Value Estimation
      $5,615,000
      10,233 SF

      1515 Price Rd

      RETAIL STORES (PERSONAL SERVICES)
      1515 Price Rd, Chandler, AZ 85286-8462
      View Details
    • Value Estimation by Request
      1.30 Acres

      Cooper Rd & Germann Rd

      Individual retail properties
      0 Cooper Rd & Germann Rd, Chandler, AZ 85286
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Chandler Retail/Office Space Available

      Retail/office space in Chandler near Alma School Rd & Germann Rd.
      1860 S Alma School Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      1.30 Acres

      Ascend Chandler Retail Pads

      Prime Chandler Retail Opportunity
      0 Cooper Rd & Germann Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing

      Vacant Anchor Space Available

      30,133 SF vacant anchor space in mixed-use center.
      3050 S Gilbert Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing

      Commercial Land Near Major Retail

      Land for development near Loop 202 and major retailers.
      2900 S Gilbert Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing

      Mixed-Use Development Site Available

      Office and retail development site with flexible design options.
      Sswc Gilbert Rd & Germann Rd, Chandler, AZ 85286
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Chandler Retail Space For Rent

      Retail space available in a busy Chandler shopping center.
      2770 E Germann Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      1,566 SF

      Retail Shops Near Hamilton High

      Highly visible retail space near major retailers and new developments.
      3731 S Arizona Ave, Chandler, AZ 85286
      View Details
    • Contact for pricing
      1,815 SF

      Retail Space Near Intel Campus

      Retail space for lease near major employers and high school.
      Nec Ocotillo Rd & Arizona Ave, Chandler, AZ 85286
      View Details
    • Contact for pricing
      900 SF

      Retail Shops Near Hamilton High

      Highly visible retail shops near schools and major retailers.
      3705 S Arizona Ave, Chandler, AZ 85286
      View Details
    • Contact for pricing
      1,200 SF

      Retail/Restaurant Space in Chandler, AZ

      Prime location for retail and restaurant businesses in Chandler.
      2835 S Alma School Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space in Tech Corridor

      Retail space for lease in high-traffic Tech Corridor location.
      1900 W Germann Rd, Chandler, AZ 85286
      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.
    19039 Arizona Ave
    Chandler, AZ 85286-7702
    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

    Thank You for Inquiry
    19039 Arizona Ave, Chandler, AZ, 85286
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!