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Property profile & analytics
OFF-MARKET
Estimated value
$4,825,000
Medical Office Space
2394 Alma School Rd Chandler, AZ 85224-2425
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0424236
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
STEEL FRAME
Total area
7,793 SF
Lot
0.75 ac (32,546 SF)
Zoning code
PAD
APN
302-25-963D
UPID
US07-0424236
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
-
David Andrews Pediatrician
-
Nancy Kim Physician Medical Clinic
-
Layton Layton Physician Medical Clinic
-
Dr. Brooke Jeffy Physician Medical Clinic
-
Randi Rubenzik Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$4.83M
Owner & transaction history
Kristine R Robinson · 3 yrs held
Kristine R Robinson
since 2023
Last sale
$6.5M
6 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.3M
+238.3%
Neighborhood: shopping center
$4.9M
+167.6%
Restaurant
$4.0M
+118.8%
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
COMMERCIAL (GENERAL)
$6,255,000
Change: +238% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,945,000
Change: +168% · Conversion: Difficult
RESTAURANT
$4,045,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$3,520,000
Change: +91% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,000,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$4.83M
Range $4.34M – $5.31M · ±10% · vs last sale $6.50M (May 8 2023)
Last sale anchor
$6.50M
May 8 2023
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
$619 / 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
$32,713
Tax year 2023
Assessed value
$439,410
Assessed 2024
Previous assessed
$382,687
+14.8% YoY
Effective rate
7.44%
On assessed value
Land market value
$380,400
Improvement market value
$2,282,693
Total market value
$2,663,093
Applied tax rate
40,300.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
7,793 SF
Lot
0.75 ac (32,546 SF)
Zoning code
PAD
APN
302-25-963D
UPID
US07-0424236
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
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
RESTAURANT
Est. value
$4.0M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.0M
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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Kristine R Robinson
Individual
Mailing address
9210 PLAYA VIS PL, AVILA BEACH, CA 93424
Ownership since
2023
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
May 8, 2023
$6,500,000
Kristine R Robinson
J&r Chandler Investment Enterprises
Special Warranty Deed
$2,765,870 · Meadows Bank
Jan 24, 2019
—
J & R Chandler Invs Ents LLC
—
Trustees Deed
related
$3,400,000 · Wells Fargo Bk
Mar 22, 2018
$700,000
J & R Chandler Investment Enterpris
Dp89 LLC
Special Warranty Deed
$560,000 · Wells Fargo Bank NA
Feb 17, 2012
$400,000
Dp89 LLC
Jeffris,ben & Ann M
Grant Deed
$300,000 · Ben & Ann M Jeffris
Jun 3, 1999
$1,355,000
Ben Jeffris
Wilson,patrick L & Charol M
Grant Deed
—
Dec 13, 1996
$1,050,000
Patrick L Wilson
Citibank Arizona
Grant Deed
$650,000 · Citibank Arizona
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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