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Property profile & analytics
OFF-MARKET
Estimated value
$6,340,000
Warehouses
261 Roosevelt Ave Chandler, AZ 85226-2617
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0408894
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
25,926 SF
Lot
2.06 ac (89,690 SF)
Zoning code
I-1
APN
301-68-952
UPID
US07-0408894
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
-
Heather Elwood Pediatrician Physician
-
Molly Ann Finley Pediatrician Physician
-
Terry Irons Pediatrician Physician
-
MY DR NOW House Calls Physician
-
Samantha Walton Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$6.34M
Owner & transaction history
Steven E Schroeder · 7 yrs held
Steven E Schroeder
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.0M
+46.9%
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
WAREHOUSE, STORAGE
$6,795,000
Current use
AUTO REPAIR, GARAGE
$9,985,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$5,895,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$5,475,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$6.34M
Range $5.71M – $6.97M · ±10%
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
$245 / 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
$30,421
Tax year 2023
Assessed value
$675,180
Assessed 2024
Previous assessed
$536,843
+25.8% YoY
Effective rate
4.51%
On assessed value
Land market value
$983,000
Improvement market value
$3,109,000
Total market value
$4,092,000
Applied tax rate
280,300.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
25,926 SF
Lot
2.06 ac (89,690 SF)
Zoning code
I-1
APN
301-68-952
UPID
US07-0408894
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$10.0M
OFFICE BUILDING
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Steven E Schroeder
Individual
Mailing address
261 N ROOSEVELT AVE, CHANDLER, AZ 85226-2617
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Mar 28, 2024
—
Steven E Schroeder
—
Deed
related
$1,300,000 · Eastborne Investment LLC
Jun 10, 2020
—
Phoenix Venture 1 LLC
—
Deed
related
$2,500,000 · West Bay Cap
Jan 18, 2019
$6,200,000
Steven E Schroeder
Z6 LLC
Special Warranty Deed
$4,650,000 · Desert Schools FCU
Apr 12, 2017
—
Z6 LLC
Coxreels Holdings LLC
Special Warranty Deed
$2,617,000
Jun 6, 2007
—
Coxreels Holdings LLC
Coxwells INC
Grant Deed
—
—
—
Coxreels Holdings LLC
—
Loan Modification
related
$1,500,000 · California United Bk
—
—
Phoenix Venture 1 LLC
—
Deed Of Trust
related
$2,500,000 · West Bay Cap
—
—
Coxwelld INC
—
Deed Of Trust
related
$800,000 · Ameritas Variable Life Ins Co
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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