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    Property profile & analytics

    1950 Arizona Ave Chandler, AZ 85225-7088

    • Strip malls
    • 9,940 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    $1,410,000
    Last Sale
    Jul 11, 2023
    $1,471,648
    Location Intelligence
    Property ID
    US07-1123485
    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

    • Mambo's Dominican Kitchen / Latin American Restaurant / Puerto Rican Restaurant
    • Chill Smoke and Vape Llc / Tobacco Shop
    • Christ Embassy East Valley Az / Religious Organization

    Property Details for 1950 Arizona Ave

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    1.10 lot acres
    Property size
    9,940 SF
    Zone code
    C-3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    302-41-310
    APU
    30241310

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,455,000
      6.5%
      $1,560,000
      7%
      $1,540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,410,000
      Geo Method
      $1,375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,360,000
      Retail
      $1,375,000
      Mixed-Use
      $1,555,000
      Hospitality
      $1,605,000
      Educational
      $1,585,000
      Residential Income
      $1,215,000
      Energy
      $1,510,000
      Income-Based Land
      $1,640,000
      Food Service
      $1,305,000

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.843
    Latitude
    33.3346
    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
    $18,547
    $0.00
    $0.00
    $275,237
    -
    $922,200
    $745,900
    $1,668,100

    Comparable in this City

    • Value Estimation by Request
      7,375 SF

      155 Ray Rd

      SHOPPING CENTER, STRIP CENTER • 7,375 SF
      155 Ray Rd, Chandler, AZ 85225-3303
      View Details
    • Value Estimation by Request
      37,273 SF

      1022 Arizona Ave

      SHOPPING CENTER, STRIP CENTER • 37,273 SF
      1022 Arizona Ave, Chandler, AZ 85225-6600
      View Details
    • Value Estimation by Request
      28,708 SF

      2051 Arizona Ave

      SHOPPING CENTER, STRIP CENTER • 28,708 SF
      2051 Arizona Ave, Chandler, AZ 85225-3444
      View Details
    • Value Estimation by Request
      6,000 SF

      1033 Arizona Ave

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      1033 Arizona Ave, Chandler, AZ 85225-6693
      View Details
    • Value Estimation by Request
      10,625 SF

      393 Warner Rd

      SHOPPING CENTER, STRIP CENTER • 10,625 SF
      393 Warner Rd, Chandler, AZ 85225-3441
      View Details
    • Value Estimation by Request
      11,066 SF

      960 Warner Rd

      SHOPPING CENTER, STRIP CENTER • 11,066 SF
      960 Warner Rd, Chandler, AZ 85225-1041
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      82,023 SF

      Retail Strip Center For Lease

      Retail strip center with high traffic and income demographics.
      1050 E Pecos Rd, Chandler, AZ 85225
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      3,469 SF

      Fulton Ranch Retail Space

      Retail space available in Fulton Ranch Towne Center.
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      1,454 SF

      Retail Space in Fulton Ranch

      Premier retail space in a high-end, lake-based community.
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      View Details
    • $18 SF/Yr
      1,107 SF

      Chandler Retail Space For Lease

      Multi-tenant shopping center with frontage on Arizona Ave & Warner Rd.
      2041-2091 N Arizona Ave, Chandler, AZ 85225
      View Details
    • Contact for pricing
      24,870 SF

      Retail Space in Chandler, Arizona

      Retail property available for lease in Chandler, Arizona.
      2031 N Arizona Ave, Chandler, AZ 85225
      View Details
    • Contact for pricing
      17,085 SF

      Restaurant Sublease Opportunity Available

      Restaurant sublease available at Chandler Blvd & Arizona Avenue.
      58 W Buffalo St, Chandler, AZ 85225
      View Details
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    Chandler, AZ 85225-7088
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    Realmo Value Estimation

    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.

    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.

    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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