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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Strip malls
1950 Arizona Ave Chandler, AZ 85225-7088
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1123485
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
CONCRETE
Total area
9,940 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C-3
APN
302-41-310
UPID
US07-1123485
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
-
Mambo's Dominican Kitchen Restaurant
-
Chill Smoke and Vape Llc (Bike/Boat/Book/etc) Store
-
Christ Embassy East Valley Az Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
Warner And Arizona Ave LLC · 3 yrs held
Warner And Arizona Ave LLC
since 2023
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
C-3 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1305. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIV. - C-3-REGIONAL COMMERCIAL DISTRICT 35-1400. - Purpose. This district is intended to accommodate establishments providing goods or rendering se…
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
269.71 ac
Source
code of ordinances
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
$1,450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,060,000
7%
$1,910,000
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10% · vs last sale $1.47M (Jul 11 2023)
Last sale anchor
$1.47M
Jul 11 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
$162 / 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
$18,547
Tax year 2023
Assessed value
$275,237
Assessed 2024
Previous assessed
$239,428
+15.0% YoY
Effective rate
6.74%
On assessed value
Land market value
$922,200
Improvement market value
$745,900
Total market value
$1,668,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
9,940 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C-3
APN
302-41-310
UPID
US07-1123485
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Chandler, AZZoning C-3 · permitted uses
C-3 · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1305. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIV. - C-3-REGIONAL COMMERCIAL DISTRICT 35-1400. - Purpose. This district is intended to accommodate establishments providing goods or rendering services which are used in support of the community's trade and service establishment
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
269.71 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Warner And Arizona Ave LLC
Entity
Mailing address
1450 E INDIAN SCHOOL RD STE #104, PHOENIX, AZ 85014-4954
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
$1,471,648
Warner And Arizona Ave LLC
Park Sunshine LLC
Special Warranty Deed
—
Feb 16, 2022
—
Park Sunshine LLC
—
Deed
related
$948,000 · Comerica Bank
Oct 30, 2017
—
Park Sunshine LLC
Zaghi 2001 Trust
Grant Deed
$884,000 · Wells Fargo Bk
Aug 15, 2011
—
Zaghi 2001 Trust
Zaghi,nasser & Ashraf
Quit Claim Deed
related
—
Mar 18, 2011
—
Zaghi 2001 Trust
Zaghi,nasser & Ashraf
Quit Claim Deed
related
$1,000,000 · Wells Fargo Bank
Sep 12, 1996
$332,500
Plaza L L C Sunshine
Arizona & Warner L P
Grant 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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