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Property profile & analytics
OFF-MARKET
Estimated value
$3,275,000
Outlet malls
2000 Arizona Ave Chandler, AZ 85225-3419
Entity Owned
~
Est. High Equity
Property ID
US07-0550406
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Construction
CONCRETE
Total area
10,000 SF
Lot
1.67 ac (72,938 SF)
Zoning code
C-3
APN
302-28-007X
UPID
US07-0550406
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$3.28M
Owner & transaction history
Rpm Warner & Arizona LLC
Rpm Warner & Arizona LLC
since 2025
Last sale
$2.6M
7 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
Top alternative use upside
Restaurant
$5.2M
+14.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,520,000
Current use
RESTAURANT
$5,190,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,850,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±10% · vs last sale $2.60M (Dec 22 2025)
Last sale anchor
$2.60M
Dec 22 2025
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
$328 / 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
$28,445
Tax year 2023
Assessed value
$396,783
Assessed 2024
Previous assessed
$346,970
+14.4% YoY
Effective rate
7.17%
On assessed value
Land market value
$1,559,900
Improvement market value
$844,844
Total market value
$2,404,744
Applied tax rate
40,300.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,000 SF
Lot
1.67 ac (72,938 SF)
Zoning code
C-3
APN
302-28-007X
UPID
US07-0550406
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.5M
RESTAURANT
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Rpm Warner & Arizona LLC
Entity
Mailing address
PO BOX 10, SCOTTSDALE, AZ 85252-0010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
$2,600,000
Rpm Warner & Arizona LLC
Bari S Brown Trust
Special Warranty Deed
$1,500,000 · Midfirst Bank
May 8, 2020
—
Worchell,laura & Larry Trust
Worchell L & L F/tr
Quit Claim Deed
related
—
Nov 13, 2019
—
Schwartz,gene E Trust
Gene E Schwartz
Quit Claim Deed
related
—
Jun 6, 2016
—
Brown,bari S Trust
Brown,bari S
Quit Claim Deed
related
—
Jan 23, 2009
—
Gene E Schwartz
Schwartz,joseph S
Quit Claim Deed
related
—
Jul 24, 2006
—
Worchell Larry
Worchell,larry & Laura
Quit Claim Deed
related
—
Jul 19, 2006
—
Larry Worchell
Worchell,larry
Quit Claim Deed
related
—
—
—
Gene Schwartz
—
Deed Of Trust
related
$225,000 · Freeman Freeman & Smiley LLP
—
—
Gene Schwartz
—
Deed Of Trust
related
$130,000 · Goren Marcus Masino & Marsh Ll
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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