Technical
Financial
Distress signals
Property profile

2040 Alma School Rd Chandler, AZ 85286

OFF-MARKET
Strip malls
Property ID
US07-0345232
12,251 SF 4.27 ac lot Built 2002
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This retail property contains approximately 2,400 square feet of space and is situated in a commercial shopping center configuration anchored by a Fry’s Food & Drug Store. The center is located about one mile south of the Loop 202 SanTan Freeway and within less than one mile west of SR-87, with nearby access to the Intel Ocotillo Campus. Co-tenants include The UPS Store, Edward Jones, and Supercuts.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Construction CONCRETE
Total area 12,251 SF
Lot 4.27 ac (185,841 SF)
Zoning code PAD
APN 303-77-554
UPID US07-0345232

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Courier Service Postal Service
  • Plumbing Service General Contractor
  • Dental Office
  • Veterinary Clinic
  • Association / Organization Community College

Location

2040 Alma School Rd Chandler, AZ 85286-7075
Chandler metro Census 812200 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.04M
Blend (final) Blend
$10.36M

Owner & transaction history

since 2013
3 recorded transactions
2019
Price N/A
2013
$10.4M
1969
Price N/A

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $9.8M +26.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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