Back to Search
Property profile & analytics
FOR LEASE
Office Spaces
2500 W Frye Rd Chandler, AZ 85224
Entity Owned
~
Est. High Equity
Property ID
US07-0373563
For Lease
1 / 8
Contact for pricing
2500 W Frye Rd, Chandler, AZ 85224
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Construction
CONCRETE
Total area
140,400 SF
Lot
14.5 ac (631,446 SF)
Zoning code
I-1
APN
303-24-019A
UPID
US07-0373563
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
-
INAP Phoenix Data Center Business To Business Service
-
Lincoln Property Company Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$139.15M
Blend (final)
Blend
$133.05M
Owner & transaction history
2500 West Frye Road Owner LLC
2500 West Frye Road Owner LLC
since 2025
Last sale
$130.0M
7 recorded transactions
Zoning & alternative use
I-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$133.05M
Range $119.75M – $146.36M · ±10% · vs last sale $130.00M (Jul 30 2025)
Last sale anchor
$130.00M
Jul 30 2025
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
$948 / 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
$325,030
Tax year 2023
Assessed value
$4,882,713
Assessed 2024
Previous assessed
$4,256,205
+14.7% YoY
Effective rate
6.66%
On assessed value
Land market value
$5,786,600
Improvement market value
$23,805,600
Total market value
$29,592,200
Applied tax rate
800,300.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1988
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
1
Total area
140,400 SF
Lot
14.5 ac (631,446 SF)
Zoning code
I-1
APN
303-24-019A
UPID
US07-0373563
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Chandler, AZ
Zoning I-1 · permitted uses
I-1 · 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.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Lot
14.5 ac
Current owner
From public records · entity-resolved
2500 West Frye Road Owner LLC
Entity
Mailing address
PO BOX 638, ADDISON, TX 75001-0638
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
$130,000,000
2500 West Frye Road Owner LLC
Cpus West Frye Road LP
Special Warranty Deed
$167,700,000 · Western Alliance Bank
Jul 25, 2019
$72,750,000
Cpus West Frye Road LP
2500 West Frye Road LLC
Grant Deed
—
Jun 22, 2018
$39,700
2500 West Frye Road LLC
Bank Of America NA
Grant Deed
—
Nov 13, 2008
$41,500,000
Bank Of America NA
Countrywide Home Loans INC
Grant Deed
—
Aug 11, 2006
$12,240,000
Countrywide Home Loans INC
Double Delta Arizona LLC
Grant Deed
—
Jan 10, 2005
—
Double Delta Arizona LLC
Rd-two INC
Grant Deed
related
—
Jan 6, 1995
$11,681,613
Northrop Grumman Corp
Hexcel Corp
Grant Deed
—
Jun 11, 1987
—
Hexcel Corporati
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
