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

    241 Roosevelt Ave Chandler, AZ 85226-2623

    • Flex space
    • 6,150 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $1,485,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0043534
    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

    • Charlie Allred - The Charlie Allred Team / Real Estate Agent / Commercial Real Estate Agency
    • Person 2 Person LLC / Social Services Organization
    • Ahwatukee Homes Today / Home Builder
    • Chandler Foreclosure Solutions- Phoenician Lifestyle Properties / Real Estate Agency
    • Mindie's Management / Business Management Consultant

    Property Details for 241 Roosevelt Ave

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.75 lot acres
    Property size
    6,150 SF
    Zone code
    I-1
    Property type
    Flex space
    APN
    301-68-131
    APU
    30168131

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,486,000
      Market price range: $203k - $1.81M
      AI Estimate
      $1,486,000
      Market price range: $203k - $1.81M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $970,000
      Current use
      AUTO REPAIR, GARAGE
      $2,370,000
      Change: +144% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,610,000
      Change: +66% Conversion: Easy
      OFFICE BUILDING
      $1,400,000
      Change: +44% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.951
    Latitude
    33.3059
    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
    $10,790
    $0.00
    $0.00
    $200,244
    -
    $506,900
    $706,700
    $1,213,600

    Comparable in this City

    • Value Estimation
      $2,710,000
      57,274 SF

      6100 Gila Spgs Pl

      LIGHT INDUSTRIAL • 57,274 SF
      6100 Gila Spgs Pl, Chandler, AZ 85226-3491
      View Details
    • Value Estimation
      $14,840,000
      64,824 SF

      6875 Galveston St

      LIGHT INDUSTRIAL • 64,824 SF
      6875 Galveston St, Chandler, AZ 85226-2516
      View Details
    • Value Estimation
      $22,905,000
      117,600 SF

      Chandler, AZ 85226

      LIGHT INDUSTRIAL • 117,600 SF
      Chandler, AZ 85226
      View Details
    • Value Estimation
      $685,000
      9,792 SF

      108 54th St

      LIGHT INDUSTRIAL • 9,792 SF
      108 54th St, Chandler, AZ 85226-3203
      View Details
    • Value Estimation
      $2,460,000
      51,939 SF

      6150 Gila Spgs Pl Ste, Unit 18

      LIGHT INDUSTRIAL • 51,939 SF
      6150 Gila Spgs Pl Ste, Chandler, AZ 85226-3559
      View Details
    • Value Estimation
      $1,180,000
      22,646 SF

      6948 Chandler Blvd Ste, Unit 2

      LIGHT INDUSTRIAL • 22,646 SF
      6948 Chandler Blvd Ste, Chandler, AZ 85226-3236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      117,351 SF

      Stellar Airpark Industrial Yard

      Chandler, AZ: 117,351 SF Industrial Space
      550 79Th St, Chandler, AZ 85226
      View Details
    • $1,700,000
      5,220 SF

      Chandler Flex Industrial Condo

      5,220 SF flex industrial condo with secured yard.
      106 S 54Th St, Chandler, AZ 85226
      View Details
    • Contact for pricing
      28,305 SF

      Chandler Industrial Building with Cleanroom

      28,305 SF industrial building with cleanroom and secure storage.
      5752 W Oakland St, Chandler, AZ 85226
      View Details
    • Contact for pricing
      28,305 SF

      Chandler Warehouse with Clean Room

      28,305 SF warehouse featuring a clean room and heavy power.
      5740 W Oakland St, Chandler, AZ 85226
      View Details
    • Contact for pricing
      39,200 SF

      Chandler Warehouse with Spec Office

      39,200 SF single-tenant building with 32' clear height.
      375 N 56Th St, Chandler, AZ 85226
      View Details
    • $13,500,000
      58,699 SF

      Chandler Warehouse with HVAC System

      HVAC warehouse with dock and grade level doors in Chandler.
      6900 W Morelos Pl, Chandler, AZ 85226
      View Details

    Similar Nearby for Lease

    • $1.30 SF/Yr
      37,663 SF

      Chandler Flex/Industrial Space Available

      Flex/Industrial space available for lease in Chandler, Arizona.
      6150 West Chandler Blvd, Chandler, AZ 85226
      View Details
    • $1.00 SF/Yr
      14,600 SF

      Chandler Flex Space with AC

      14,600 SF flex space with remodeled office and ample parking.
      220 N Mckemy Ave, Chandler, AZ 85226
      View Details
    • $1.55 SF/Yr
      5,886 SF

      Chandler Flex Space Available

      Flex space featuring reception, offices, conference room, and break room.
      110-122 S Southgate Dr, Chandler, AZ 85226
      View Details
    • $1.35 SF/Yr
      1,360 SF

      Chandler Flex Space Available

      Flex space with I-2 zoning and freeway access.
      6509 W Frye Rd, Chandler, AZ 85226
      View Details
    • $1.35 SF/Yr
      4,480 SF

      Chandler Flex Space Available

      Flex space featuring office and industrial components in Chandler, Arizona.
      6501 W Frye Rd, Chandler, AZ 85226
      View Details
    • $16 SF/Yr
      25,435 SF

      Chandler Flex/Warehouse Space Available

      Modern industrial space, I-10 frontage, flexible layouts.
      7408 Detroit St, Chandler, AZ 85226
      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.
    241 Roosevelt Ave
    Chandler, AZ 85226-2623
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.