Technical
Financial
Distress signals
Property profile

2490 Ray Rd F101 Chandler, AZ 85224

OFF-MARKET
Office buildings
Property ID
US07-0811765
6,041 SF 0.03 ac lot Built 2004
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Construction STEEL FRAME
Total area 6,041 SF
Lot 0.03 ac (1,366 SF)
Zoning code PAD
APN 302-95-306
UPID US07-0811765

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Ophthalmologist
  • Financial Advisor

Location

2490 Ray Rd, Unit F101 Chandler, AZ 85224-3559
Chandler metro Census 810300 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$940k
Blend (final) Blend
$390k

Owner & transaction history

since 2016
7 recorded transactions
2016
Price N/A
2014
$433,500
2013
$285,000
2012
$300,000
2011
$286,000
2005
Price N/A
2005
$481,800

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL
Top alternative use upside
Medical building $1.4M +9.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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