Property profile

1919 Ray Rd Chandler, AZ 85225

OFF-MARKET
Warehouses
Property ID
US07-2442082
54,144 SF 5.75 ac lot Built 1996
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1996
Construction CONCRETE
Total area 54,144 SF
Lot 5.75 ac (250,275 SF)
Zoning code PAD
APN 302-84-945
UPID US07-2442082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

1919 Ray Rd Chandler, AZ 85225-8721
Chandler metro Census 811400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.05M
Blend (final) Blend
$15.98M

Owner & transaction history

since 2021
Last sale
$16.9M
6 recorded transactions
2021
$16.9M
2018
Price N/A
2016
$3.8M
2011
$2.6M
2011
Price N/A
2006
$8.9M

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL
Top alternative use upside
Retail stores $24.5M +147.9%
Auto repair, garage $20.9M +111.3%
Medical building $11.4M +15.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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