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Property profile & analytics
OFF-MARKET
Estimated value
$25,290,000
Strip malls
2051 Arizona Ave, Chandler, AZ 85225-3444
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3287720
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
28,708 SF
Lot
10.52 ac (458,328 SF)
Zoning code
PAD
APN
302-29-010Q
UPID
US07-3287720
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
-
Arizona Behavioral counselling & education Daycare Center
-
Busy Bees North Chandler Daycare Center
-
Saigon Center Vocational School
-
First Reflexology & massage Alternative Medicine Practice Spa & Massage Center
-
Chandler Speedy Neighborhood Plumbing Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.79M
Blend (final)
Blend
$25.29M
Owner & transaction history
Lsp Phoenix Corp · 6 yrs held
Lsp Phoenix Corp
since 2019
6 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$23.0M
+26.4%
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
NEIGHBORHOOD: SHOPPING CENTER
$18,225,000
Current use
COMMERCIAL (GENERAL)
$23,040,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$25.29M
Range $22.76M – $27.82M · ±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
$881 / 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
$98,649
Tax year 2023
Assessed value
$1,993,425
Assessed 2024
Previous assessed
$1,728,568
+15.3% YoY
Effective rate
4.95%
On assessed value
Land market value
$4,430,700
Improvement market value
$8,043,800
Total market value
$12,474,500
Applied tax rate
410,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
28,708 SF
Lot
10.52 ac (458,328 SF)
Zoning code
PAD
APN
302-29-010Q
UPID
US07-3287720
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chandler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$18.2M
COMMERCIAL (GENERAL)
Est. value
$23.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
10.52 ac
Current owner
From public records · entity-resolved
Lsp Phoenix Corp
Entity
Mailing address
4120 30TH ST STE #202, SAN DIEGO, CA 92104-1953
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2019
$7,205,968
Lsp Phoenix Corp
Global Chandler Mercado LLC
Grant Deed
$5,000,000 · Miscellaneous Ins Co
Nov 25, 2013
$4,330,000
Gb Realty Acquisitions LLC
Chandler Mercado Ptrs LLC
Grant Deed
$2,803,525 · A10 Capital LLC
Mar 29, 2013
$3,000,000
Chandler Mercado Ptrs LLC P
2041 North Arizona Avenue
Grant Deed
$2,900,000 · A10 Capital LLC
Dec 9, 2010
$2,330,000
2041-2081 North Arizona Avenue
Morris,kevin J
Trustees Deed
—
Oct 17, 2006
$9,500,000
Bpre Chandler Mercado LLC
Chandler Mercado Investors LLC
Grant Deed
—
Jan 8, 2004
$7,250,000
Chandler Mercado Investors LLC
Schneider Trust
Grant Deed
$5,750,000 · Canadian Imperial Bank Commerc
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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