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    2060 Arizona Ave Chandler, AZ 85225-3421
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    Property profile & analytics

    2060 Arizona Ave, Chandler, AZ 85225-3421

    View on Map
    • Retail space
    • 6,000 SF
    • 1.18 lot acres
    Off-Market
    Property ID
    US07-2274711
    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
    $3,225,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Safelite AutoGlass / General Contractor / Renovation Specialist

    Property Details for 2060 Arizona Ave

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    1.18 lot acres
    Zone code
    C-3
    Property type
    Retail space
    APN
    302-28-274
    APU
    30228274

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 14, 2017 $1,400,000 Jmac Properties LP Warm Springs Invs LLC Grant Deed —
    Oct 13, 2016 — Warm Springs Investments LLC Kobold 4 LLC Special Warranty Deed $575k · Capital Fund I LLC
    Sep 30, 2015 $687,500 Kobold Group LLC East Valley Partners LLC Grant Deed $688k · General Credit LLC
    — — East Valley Partners LLC — Deed Of Trust · related $10.8M · Bank Snb NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,225,000
      Market price range: $929k - $5.53M
      AI Estimate
      $3,225,000
      Market price range: $929k - $5.53M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,710,000
      Current use
      COMMERCIAL (GENERAL)
      $4,815,000
      Change: +78% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,810,000
      Change: +40% Conversion: Moderate
      RESTAURANT
      $3,115,000
      Change: +15% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,310,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.842
    Latitude
    33.3363
    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
    2022
    $10,956
    $0.00
    $0.00
    $323,617
    -
    $1,117,500
    $843,815
    $1,961,315

    Comparable in this City

    • Value Estimation by Request
      2,900 SF

      554 Arizona Ave

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      3,101 SF

      681 Arizona Ave

      RETAIL STORES (PERSONAL SERVICES)
      681 Arizona Ave, Chandler, AZ 85225-7520
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    • Value Estimation
      $530,000
      2,934 SF

      46 Galveston St

      RETAIL STORES (PERSONAL SERVICES)
      46 Galveston St, Chandler, AZ 85225-3830
      View Details
    • Value Estimation
      $1,980,000
      6,000 SF

      13433 Chandler Blvd

      RETAIL STORES (PERSONAL SERVICES)
      13433 Chandler Blvd, Chandler, AZ 85225-6040
      View Details
    • Value Estimation
      $565,000
      3,600 SF

      499 Arizona Ave

      RETAIL STORES (PERSONAL SERVICES)
      499 Arizona Ave, Chandler, AZ 85225-4583
      View Details
    • Value Estimation
      $1,375,000
      6,000 SF

      67 Boston St

      RETAIL STORES (PERSONAL SERVICES)
      67 Boston St, Chandler, AZ 85225-7801
      View Details

    Similar Nearby for Sale

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      21,054 SF

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      New retail store and donation center in Chandler, Arizona.
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      High-Traffic Retail Property Available

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      Chandler Automotive Repair Business For Sale

      Automotive repair business with two buildings on 0.69 acres.
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    • $899,999
      0.42 Acres

      Prime Chandler Commercial Property

      Versatile building, high visibility, low fees.
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      Prime Commercial Land in Chandler

      Exceptional visibility, hard corner location, multiple development possibilities.
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    • New
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      Chandler Multifamily Property For Sale

      Multifamily property in Chandler, Arizona, available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      3,786 SF

      Retail Space Near Downtown Chandler

      Retail space available near Downtown Chandler with excellent signage.
      155 E Ray Rd, Chandler, AZ 85225
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      1,400 SF

      Retail Space Near Loop 202

      Retail space available near Loop 202 and Alma School.
      1003 W Pecos Rd, Chandler, AZ 85225
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      6,000 SF

      Retail Pads with Drive-Thru Potential

      Retail pads available near Loop 202 and affluent neighborhood.
      E Binner Dr, Chandler, AZ 85225
      View Details
    • Contact for pricing
      1,800 SF

      Chandler Retail Space Available

      Retail space available in Chandler, Arizona.
      941-985 W Elliot Rd, Chandler, AZ 85225
      View Details
    • Contact for pricing
      1,170 SF

      Retail Space at Dynamic Intersection

      Retail space with high visibility and excellent demographics.
      1909 E Ray Rd, Chandler, AZ 85225
      View Details
    • Contact for pricing
      3,280 SF

      Retail Space Drive-Thru Opportunity

      Retail space available near Loop 202 with high traffic.
      E Pecos Rd, Chandler, AZ 85225
      View Details
    Request Owner's contact information
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    2060 Arizona Ave
    Chandler, AZ 85225-3421
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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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