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Property profile & analytics
OFF-MARKET
Estimated value
$16,175,000
Grocery and convenience stores
2025 Dobson Rd Chandler, AZ 85224-2239
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-3439581
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Construction
CONCRETE
Total area
52,223 SF
Lot
5.51 ac (239,933 SF)
Zoning code
C-2
APN
302-25-003U
UPID
US07-3439581
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
-
Pho Dam Restaurant
-
Lee Lee International Supermarkets (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Golden Jade Jewelry (Bike/Boat/Book/etc) Store
-
VI VI FASHION, INC. Clothing & Fashion Store
-
J Fortune Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.17M
Blend (final)
Blend
$16.18M
Owner & transaction history
Jgnk Invs Arizona LLC Arizo · 13 yrs held
Jgnk Invs Arizona LLC Arizo
since 2013
7 recorded transactions
Zoning & alternative use
C-2 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rdance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1205. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIII. - C-2-COMMUNITY COMMERCIAL DISTRICT 35-1300. - Purpose. This district is intended to serve several functions by providing central concentratio…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
205.85 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
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
$23,600,000
Current use
AUTO REPAIR, GARAGE
$20,110,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$16.18M
Range $14.56M – $17.79M · ±10%
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
$310 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$93,590
Tax year 2022
Assessed value
$1,622,759
Assessed 2024
Previous assessed
$1,417,052
+14.5% YoY
Effective rate
5.77%
On assessed value
Land market value
$2,886,500
Improvement market value
$6,948,401
Total market value
$9,834,901
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
52,223 SF
Lot
5.51 ac (239,933 SF)
Zoning code
C-2
APN
302-25-003U
UPID
US07-3439581
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Chandler, AZZoning C-2 · permitted uses
C-2 · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rdance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1205. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIII. - C-2-COMMUNITY COMMERCIAL DISTRICT 35-1300. - Purpose. This district is intended to serve several functions by providing central concentrations of uses offering goods and/or services for larger areas of Chandler. Establishme
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
205.85 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$23.6M
AUTO REPAIR, GARAGE
Est. value
$20.1M
RETAIL STORES Current
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
1990
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
5.51 ac
Current owner
From public records · entity-resolved
Jgnk Invs Arizona LLC Arizo
Entity
Mailing address
3720 S SUSAN ST STE #100, SANTA ANA, CA 92704-6957
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
—
Jgnk Investments Arizona LLC
—
Deed
related
$4,000,000 · Wells Fargo Bank NA
Jun 19, 2013
$7,695,000
Jgnk Invs Arizona LLC Arizo
Dobson Park LLC
Grant Deed
—
Oct 26, 2007
—
City Of Chandler
Dobson Park LLC
Warranty Deed
related
—
Mar 12, 2004
$7,250,000
Dobson Park LLC
Dobson & Warner LLC
Grant Deed
related
—
Feb 5, 2004
$4,142,774
Babytail LLC III
Scp 2003d-llc
Grant Deed
—
—
—
Dobson Park LLC
—
Deed Of Trust
related
$450,000 · Mtl Insurance Co
—
—
Dobson Park LLC
—
Deed Of Trust
related
$450,000 · Mtl Insurance Co
—
—
Jgnk Investments Arizona LLC
—
Deed Of Trust
related
$4,200,000 · Morgan Stanley Private Bank NA
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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