Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1960 Alma School Rd Chandler, AZ 85286-7080
    Back to Search
    Property profile & analytics

    1960 Alma School Rd, Chandler, AZ 85286-7080

    View on Map
    • Strip malls
    • 7,406 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US07-0069198
    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
    $5,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Epicist SR22 Insurance Arizona / Insurance Agency
    • AutoZone Auto Parts / Auto Parts Store
    • Jubilee Toes & Nails / Nail Salon

    Property Details for 1960 Alma School Rd

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    1.04 lot acres
    Zone code
    PAD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    303-26-981
    APU
    30326981

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 8, 2023 — Pearl K M LLC — Deed · related $1.3M · Desert Financial Cu
    Apr 7, 2023 — Matcls LLC Matcls Investors Re-recorded Document · related —
    Nov 20, 2018 — Matcls LLC Matcls Investors Quit Claim Deed —
    Apr 4, 2017 — Helwick 2004 Trust — Deed · related $2.1M · Redwood Cu
    Oct 25, 2011 — Rps Investments INC Real Property Solutions INC Grant Deed —
    Apr 11, 2008 $50,000 Helwick 2004 Trust Senia,frank C Grant Deed · related —
    Jan 27, 2006 $221,052 Jonathan L Mcclelland Requarth Family Grant Deed —
    Jan 27, 2006 — Thanksgiving Trust Beach,lisa Quit Claim Deed · related —
    Jan 27, 2006 $73,684 Wendy Gurwitz Requarth Family Grant Deed —
    Jan 27, 2006 $175,000 Lisa Beach Requarth Family Grant Deed —
    Nov 10, 2005 $50,000 Timothy Preston Requarth Family Grant Deed —
    Nov 7, 2005 $598,684 Robert E Gloeckner Requarth Family Grant Deed —
    Aug 19, 2005 $4,200,000 Helwick 2004 Trust Cooper Wilson LLC Grant Deed $2.1M · Sonoma National Bank
    Nov 15, 2002 $820,000 Cooper Wilson LLC Nwc Germann Alma School LLC Grant Deed · related $2M · First Int'l Bank & Trust
    — — Helwick 2004 Trust — Deed Of Trust · related $2.1M · Redwood Cu
    — — Helwick 2004 Trust — Loan Modification · related $2.1M · Redwood Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,479,000
      Market price range: $1.82M - $9.80M
      AI Estimate
      $4,866,000
      Market price range: $1.08M - $8.68M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,700,000
      Current use
      COMMERCIAL (GENERAL)
      $5,945,000
      Change: +26% Conversion: Easy
      RESTAURANT
      $3,845,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.86
    Latitude
    33.2769
    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
    $19,237
    $0.00
    $0.00
    $407,766
    -
    $1,134,000
    $1,337,312
    $2,471,312

    Comparable in this City

    • Value Estimation
      $14,195,000
      12,251 SF

      2040 Alma School Rd

      SHOPPING CENTER, STRIP CENTER
      2040 Alma School Rd, Chandler, AZ 85286-7075
      View Details
    • Value Estimation
      $4,550,000
      11,641 SF

      3020 Gilbert Rd

      SHOPPING CENTER, STRIP CENTER
      3020 Gilbert Rd, Chandler, AZ 85286-5114
      View Details
    • Value Estimation
      $4,385,000
      7,835 SF

      1940 Alma School Rd

      SHOPPING CENTER, STRIP CENTER
      1940 Alma School Rd, Chandler, AZ 85286-7079
      View Details
    • Value Estimation
      $14,540,000
      11,850 SF

      1035 Arizona Ave

      SHOPPING CENTER, STRIP CENTER
      1035 Arizona Ave, Chandler, AZ 85286-6507
      View Details
    • Value Estimation
      $3,845,000
      8,000 SF

      2640 Germann Rd

      SHOPPING CENTER, STRIP CENTER
      2640 Germann Rd, Chandler, AZ 85286-1462
      View Details
    • Value Estimation
      $10,575,000
      8,480 SF

      2670 Germann Rd

      SHOPPING CENTER, STRIP CENTER
      2670 Germann Rd, Chandler, AZ 85286-1464
      View Details

    Similar Nearby for Sale

    • 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

      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

      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
      900 SF

      Retail Space Near Loop 202

      Retail space anchored by Aldi and Dollar Tree available for rent.
      2820-2860 S Alma School Rd, Chandler, AZ 85286
      View Details
    • 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
      2,400 SF

      Retail Space Near Loop 202

      Retail space anchored by Fry’s Food & Drug Store.
      2040 S Alma School Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing

      Retail and Restaurant Prime Location

      Prime location for retail and restaurant businesses in Chandler, AZ.
      Nec Queen Crk Rd & Alma School Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      3,280 SF

      Retail Space Near Loop 202

      Retail space available near Loop 202, Chandler, Arizona.
      2990 E Germann Rd, 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
    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.
    1960 Alma School Rd
    Chandler, AZ 85286-7080
    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
    1960 Alma School Rd, 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!