Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    217 Washington St Chandler, AZ 85225-5514

    • Assisted living facilities
    • 5,890 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3334608
    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.

    Current Use by Public Records

    • Amore Manor Assisted Living Center / Nursing Home / Retirement Community
    • Autumn Years Care Center / Nursing Home / Retirement Community
    • Azalea Villa Assisted Living Center / Nursing Home / Retirement Community

    Property Details for 217 Washington St

    Year built
    1939
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Property size
    5,890 SF
    Zone code
    MF-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    302-62-051A
    APU
    30262051A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $864,000
      Market price range: $864k - $1.93M
      AI Estimate
      $853,000
      Market price range: $854k - $1.95M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,390,000
      Current use
      MEDICAL BUILDING
      $1,245,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.84
    Latitude
    33.3067
    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
    $2,915
    $0.00
    $0.00
    $62,823
    -
    $205,200
    $423,027
    $628,227

    Comparable in this City

    • Value Estimation
      $17,785,000
      53,964 SF

      2190 Grace Blvd

      HOMES (RETIRED, NURSING) • 53,964 SF
      2190 Grace Blvd, Chandler, AZ 85225-3416
      View Details
    • Value Estimation by Request
      1,864 SF

      459 Park Ave, Unit 2

      HOMES (RETIRED, NURSING) • 1,864 SF
      459 Park Ave, Chandler, AZ 85225-6642
      View Details
    • Value Estimation
      $3,695,000
      11,215 SF

      705 Bogle Ave

      HOMES (RETIRED, NURSING) • 11,215 SF
      705 Bogle Ave, Chandler, AZ 85225-2287
      View Details
    • Value Estimation
      $640,000
      7,708 SF

      805 Warner Rd, Unit A-3

      MEDICAL BUILDING • 7,708 SF
      805 Warner Rd, Chandler, AZ 85225-1000
      View Details
    • Value Estimation by Request
      4,200 SF

      Chandler, AZ 85225

      MEDICAL BUILDING • 4,200 SF
      Chandler, AZ 85225
      View Details
    • Value Estimation by Request
      4,200 SF

      Chandler, AZ 85225

      MEDICAL BUILDING • 4,200 SF
      Chandler, AZ 85225
      View Details

    Similar Nearby for Sale

    • $2,400,000

      Prime Chandler Commercial Land

      80,002 SF lot, $2.4M asking
      2018 Pecos Rd, Chandler, AZ 85225
      View Details
    • $899,999
      0.42 Acres

      Prime Chandler Commercial Property

      Versatile building, high visibility, low fees.
      801 Ray Rd, Chandler, AZ 85225
      View Details
    • Contact for pricing

      Chandler Blvd Retail Land PAD

      Prime Gilbert location, 20,003 sq ft.
      0 Mcqueen Rd, Gilbert, AZ 85225
      View Details
    • $895,000
      1.43 Acres

      Chandler Residential Development Opportunity

      Vacant land suitable for townhome development in downtown Chandler.
      355 S Nebraska St, Chandler, AZ 85225
      View Details
    • $399,000

      Remodeled Duplex Near Downtown Chandler

      Fully remodeled duplex near downtown Chandler, great investment opportunity.
      436 S Oregon St, Chandler, AZ 85225
      View Details
    • $1,147,300
      4,172 SF

      Chandler Warehouse with Automated Door

      Warehouse featuring automated door, evap cooling, and polished concrete.
      315 E Warner Rd, Chandler, AZ 85225
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      18,946 SF

      Focus Corporate Plaza: Medical Office

      Chandler Medical Office Space Available
      555 Chandler Blvd, Chandler, AZ 85225
      View Details
    • $1.35 SF/Yr
      13,120 SF

      Chandler Flex Space For Lease

      Office suite/warehouse space available for lease in Chandler, Arizona.
      170 E Corporate Pl, Chandler, AZ 85225
      View Details
    • $1.35 SF/Yr
      31,548 SF

      Industrial Space Available For Lease

      Industrial property available for lease at Arizona & Elliot.
      3454 N San Marcos Pl, 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
      17,085 SF

      Restaurant Sublease Opportunity Available

      Restaurant sublease available at Chandler Blvd & Arizona Avenue.
      58 W Buffalo St, Chandler, AZ 85225
      View Details
    • $18 SF/Yr
      3,786 SF

      Retail Space Near Downtown Chandler

      Retail space available near Downtown Chandler with excellent signage.
      155 E Ray Rd, Chandler, AZ 85225
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    217 Washington St
    Chandler, AZ 85225-5514
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.