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Property profile & analytics
OFF-MARKET
Estimated value
$43,300,000
Flex space
2225 Germann Rd Chandler, AZ 85286-1942
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-3218754
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2019
Construction
CONCRETE
Total area
86,816 SF
Lot
15.9 ac (692,811 SF)
Zoning code
PAD
APN
303-31-226A
UPID
US07-3218754
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
-
SKU Distribution - Warehouse & Fulfillment Services Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$43.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$43.30M
Owner & transaction history
Lpc Parc Germann I LLC · 1 yrs held
Lpc Parc Germann I LLC
since 2024
Last sale
$43.3M
3 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$69.7M
+337.2%
Neighborhood: shopping center
$55.1M
+245.8%
Restaurant
$45.1M
+182.7%
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
$43,300,000
ML approach
$43,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$69,675,000
Change: +337% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$55,110,000
Change: +246% · Conversion: Difficult
RESTAURANT
$45,055,000
Change: +183% · Conversion: Difficult
RETAIL STORES
$39,235,000
Change: +146% · Conversion: Moderate
AUTO REPAIR, GARAGE
$33,430,000
Change: +110% · Conversion: Easy
Blend value · Realmo final
$43.30M
Range $38.97M – $47.63M · ±10% · vs last sale $43.30M (Aug 22 2024)
Last sale anchor
$43.30M
Aug 22 2024
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
$499 / 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
$326,044
Tax year 2023
Assessed value
$7,034,858
Assessed 2024
Previous assessed
$7,034,858
+0.0% YoY
Effective rate
4.63%
On assessed value
Land market value
$6,122,300
Improvement market value
$36,513,200
Total market value
$42,635,500
Applied tax rate
800,306.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
86,816 SF
Lot
15.9 ac (692,811 SF)
Zoning code
PAD
APN
303-31-226A
UPID
US07-3218754
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
COMMERCIAL (GENERAL)
Est. value
$69.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$55.1M
RESTAURANT
Est. value
$45.1M
RETAIL STORES
Est. value
$39.2M
AUTO REPAIR, GARAGE
Est. value
$33.4M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2019
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
15.9 ac
Current owner
From public records · entity-resolved
Lpc Parc Germann I LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2215 E GERMANN RD STE #860, CHANDLER, AZ 85286-1943
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
Lpc Parc Germann I LLC
—
Deed
related
$23,000,000 · The Lincoln National Life Insurance Co
Aug 22, 2024
$43,300,000
Lpc Parc Germann I LLC
Realty Associates Fund Xii Portfoli
Special Warranty Deed
—
Sep 25, 2020
$28,500,000
Realty Associates Fund Xii
Jackson-shaw Of Parc German
Grant Deed
—
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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