1975 Alma School Rd Chandler, AZ 85286-6905
Property profile & analytics
1975 Alma School Rd Chandler, AZ 85286-6905
- Drug stores
- 13,905 SF
- 2.30 lot acres
Property ID
US07-0388240
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.
Location Intelligence
Current Use by Public Records
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Johnson Janica / Medical Clinic
- Powers Karen A / Medical Clinic
- Corsberg Audrey E / Physician
- BMO ATM / Atm
Property Details for 1975 Alma School Rd
- Year built
- 2000
- Construction
- CONCRETE
- Lot size
- 2.30 lot acres
- Property size
- 13,905 SF
- Zone code
- PAD
- Property type
- Drug stores
- APN
- 303-27-238
- APU
- 30327238
Description
This exceptional investment opportunity presents a 13,905 square foot Walgreens, a credit-rated tenant, situated on a prominent 2.3-acre hard corner lot in Chandler, Arizona. The property enjoys a high-traffic location at the intersection of S Alma School Rd and W Germann Rd, with approximately 52,080 vehicles passing daily. The current Net Lease (NN+) agreement with Walgreens, the largest retail health and pharmacy chain in the US, has 1.2 years remaining with seven five-year renewal options. The property boasts a strong Net Operating Income (NOI) of $296,000, resulting in a 7.00% cap rate at an asking price of $4,230,000 ($304.21/sq ft). Built in 2000, this single-tenant building benefits from a robust demographic profile, with a population of approximately 108,026 and an average household income of $133,437 within a three-mile radius. Nearby amenities include Fry's (Kroger), Mountainside Fitness, and major medical facilities such as Banner Ocotillo Medical Center and Dignity Health Chandler Regional Medical Center. This location offers significant upside potential due to its size, tenant strength, and prime location within a dense employment corridor. The property's APN is 303-27-238.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,805,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,710,000
- 6.5%
- $2,500,000
- 7%
- $2,325,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $5,355,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chandler
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.858
- Latitude
- 33.2772
- 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
$44,608
$0.00
$0.00
$800,736
-
$2,500,900
$2,352,046
$4,852,946
