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    2051 Arizona Ave Chandler, AZ 85225-3444
    Property profile & analytics

    2051 Arizona Ave Chandler, AZ 85225-3444

    View on Map
    • Strip malls
    • 28,708 SF
    • 10.52 lot acres
    Off-Market
    Property ID
    US07-3287720
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $25,290,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 2051 Arizona Ave

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    10.52 lot acres
    Property size
    28,708 SF
    Zone code
    PAD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    302-29-010Q
    APU
    30229010Q

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $26,787,000
      Market price range: $7.04M - $38.0M
      AI Estimate
      $23,792,000
      Market price range: $4.18M - $33.6M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $18,225,000
      Current use
      COMMERCIAL (GENERAL)
      $23,040,000
      Change: +26% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.84
    Latitude
    33.3371
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $98,649
    $0.00
    $0.00
    $1,993,425
    -
    $4,430,700
    $8,043,800
    $12,474,500

    Comparable in this City

    • Value Estimation
      $3,920,000
      7,375 SF

      155 Ray Rd

      SHOPPING CENTER, STRIP CENTER • 7,375 SF
      155 Ray Rd, Chandler, AZ 85225-3303
      View Details
    • Value Estimation
      $14,530,000
      37,273 SF

      1022 Arizona Ave

      SHOPPING CENTER, STRIP CENTER • 37,273 SF
      1022 Arizona Ave, Chandler, AZ 85225-6600
      View Details
    • Value Estimation
      $1,660,000
      6,000 SF

      1033 Arizona Ave

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      1033 Arizona Ave, Chandler, AZ 85225-6693
      View Details
    • Value Estimation
      $8,000,000
      10,625 SF

      393 Warner Rd

      SHOPPING CENTER, STRIP CENTER • 10,625 SF
      393 Warner Rd, Chandler, AZ 85225-3441
      View Details
    • Value Estimation
      $5,005,000
      11,066 SF

      960 Warner Rd

      SHOPPING CENTER, STRIP CENTER • 11,066 SF
      960 Warner Rd, Chandler, AZ 85225-1041
      View Details
    • Value Estimation
      $9,180,000
      24,570 SF

      1070 Ray Rd

      SHOPPING CENTER, STRIP CENTER • 24,570 SF
      1070 Ray Rd, Chandler, AZ 85225-1771
      View Details

    Similar Nearby for Sale

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      21,054 SF

      Chandler Retail Store and Center

      New retail store and donation center in Chandler, Arizona.
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      624 SF

      High-Traffic Retail Property Available

      Retail property in high-traffic area near major retailers and schools.
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    • $899,999
      0.42 Acres

      Prime Chandler Commercial Property

      Versatile building, high visibility, low fees.
      801 Ray Rd, Chandler, AZ 85225
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      Prime Commercial Land in Chandler

      Exceptional visibility, hard corner location, multiple development possibilities.
      2018 E Pecos Rd, Chandler, AZ 85225
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    • $895,000
      Pending

      Chandler Multifamily Property For Sale

      Multifamily property in Chandler, Arizona, available for purchase.
      819 W Ray Rd, Chandler, AZ 85225
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    • Contact for pricing
      32,815 SF

      Prime Commercial Land For Lease

      Commercial land available for lease in Chandler, Arizona.
      910 E Warner Rd, Chandler, AZ 85225
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Strip Center For Lease

      Retail strip center with high traffic and income demographics.
      1050 E Pecos Rd, Chandler, AZ 85225
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      3,469 SF

      Fulton Ranch Retail Space

      Retail space available in Fulton Ranch Towne Center.
      4050 S Arizona Ave, Chandler, AZ 85225
      View Details
    • $19 SF/Yr
      1,107 SF

      Chandler Retail Space For Lease

      Multi-tenant shopping center with frontage on Arizona Ave & Warner Rd.
      2041-2091 N Arizona Ave, Chandler, AZ 85225
      View Details
    • Contact for pricing
      1,601 SF

      Retail Space in Fulton Ranch

      Premier retail space in a high-end, lake-based community.
      4100 S Arizona Ave, Chandler, AZ 85225
      View Details
    • Contact for pricing
      24,870 SF

      Retail Space in Chandler, Arizona

      Retail property available for lease in Chandler, Arizona.
      2031 N Arizona Ave, Chandler, AZ 85225
      View Details
    • Contact for pricing

      Restaurant Sublease Opportunity Available

      Restaurant sublease available at Chandler Blvd & Arizona Avenue.
      58 W Buffalo St, Chandler, AZ 85225
      View Details
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    Chandler, AZ 85225-3444
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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