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Property profile & analytics
FOR LEASE
Distribution centers
201 Mckemy Ave Chandler, AZ 85226-3408
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0036371
For Lease
1 / 2
Contact for pricing
201 Mckemy Ave, Chandler, AZ 85226-3408
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Construction
CONCRETE
Total area
14,127 SF
Lot
1.49 ac (65,113 SF)
Zoning code
I-2
APN
301-86-031B
UPID
US07-0036371
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
$2.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
Carmenita Associates LLC · 5 yrs held
Carmenita Associates LLC
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
I-2 · 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) 35-1505. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XVI. - I-2-GENERAL INDUSTRIAL DISTRICT 35-1600. - Purpose. All uses are subject to approval of a site development plan in accordance with Article X…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
302.81 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
$2,390,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,290,000
6.5%
$2,115,000
7%
$1,960,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,705,000
Current use
OFFICE BUILDING
$3,215,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$2,985,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.53M (Jun 25 2021)
Last sale anchor
$2.53M
Jun 25 2021
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
$169 / 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
$21,792
Tax year 2023
Assessed value
$421,245
Assessed 2024
Previous assessed
$334,985
+25.8% YoY
Effective rate
5.17%
On assessed value
Land market value
$755,500
Improvement market value
$1,797,500
Total market value
$2,553,000
Applied tax rate
280,300.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
14,127 SF
Lot
1.49 ac (65,113 SF)
Zoning code
I-2
APN
301-86-031B
UPID
US07-0036371
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Chandler, AZZoning I-2 · permitted uses
I-2 · 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) 35-1505. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XVI. - I-2-GENERAL INDUSTRIAL DISTRICT 35-1600. - Purpose. All uses are subject to approval of a site development plan in accordance with Article XIX of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1601. - Uses permitted. This dis
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
302.81 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Carmenita Associates LLC
Entity
Mailing address
24541 N 120TH PL, SCOTTSDALE, AZ 85255-5961
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
$2,527,350
Carmenita Associates LLC
Dunbar Arizona LLC
Special Warranty Deed
—
Feb 27, 2020
—
Dunbar Arizona LLC
—
Deed
related
$725,000 · Sunwest Bank
Apr 23, 2015
$1,249,000
Dunbar Arizona LLC
Terrazas Family LP
Grant Deed
—
Feb 6, 2001
—
Terrazas Trust
Terrazas Trust
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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