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    Property profile & analytics

    2840 Alma School Rd Chandler, AZ 85286-4388

    • Strip malls
    • 49,302 SF
    • 15.68 lot acres
    OFF-MARKET
    Value Estimations
    $16,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3393028
    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

    • Summer Camp AZ / Family Recreation Center
    • Big Air Trampoline Park / Tour Operator / Campground & RV Park

    Property Details for 2840 Alma School Rd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    15.68 lot acres
    Property size
    49,302 SF
    Zone code
    PAD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    303-77-549
    APU
    30377549

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,065,000
      6.5%
      $10,210,000
      7%
      $9,485,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $25,585,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.86
    Latitude
    33.2638
    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
    2015
    $189,350
    $526,248
    $1,592,100
    $2,118,348
    -
    $2,923,600
    $8,845,000
    $11,768,600

    Comparable in this City

    • Value Estimation
      $3,845,000
      8,000 SF

      2640 Germann Rd

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      2640 Germann Rd, Chandler, AZ 85286-1462
      View Details
    • Value Estimation
      $10,575,000
      8,480 SF

      2670 Germann Rd

      SHOPPING CENTER, STRIP CENTER • 8,480 SF
      2670 Germann Rd, Chandler, AZ 85286-1464
      View Details
    • Value Estimation
      $3,595,000
      6,600 SF

      3120 Gilbert Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      3120 Gilbert Rd, Chandler, AZ 85286-5113
      View Details
    • Value Estimation
      $3,855,000
      6,600 SF

      3140 Gilbert Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      3140 Gilbert Rd, Chandler, AZ 85286-5115
      View Details
    • Value Estimation
      $5,990,000
      11,880 SF

      1880 Alma School Rd

      SHOPPING CENTER, STRIP CENTER • 11,880 SF
      1880 Alma School Rd, Chandler, AZ 85286-7074
      View Details
    • Value Estimation by Request

      3195 Armstrong Pl

      SHOPPING CENTER, STRIP CENTER
      3195 Armstrong Pl, Chandler, AZ 85286-6602
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Anchor Space Available

      30,133 SF vacant anchor space in mixed-use center.
      3050 S Gilbert Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      5,683 SF

      Chandler Retail Pads For Sale

      Retail pads available for ground lease or build-to-suit.
      N/NWC Cooper Rd & Germann Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing

      Chandler Retail/Office Space Available

      Retail/office space in Chandler near Alma School Rd & Germann Rd.
      1860 S Alma School Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      1.30 Acres

      Ascend Chandler Retail Pads

      Prime Chandler Retail Opportunity
      0 Cooper Rd & Germann Rd, Chandler, AZ 85286
      View Details
    • $3,400,000

      Chandler Commercial Property For Sale

      Commercial property with seven grade level doors available for sale.
      2330 South Airport Blvd, Chandler, AZ 85286
      View Details
    • $415,000
      60,000 SF

      Chandler Self Storage Investment Opportunity

      Prime Chandler location, 60,000 sq ft, high ROI.
      0 Stearman Dr, Chandler, AZ 85286
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,428 SF

      Retail Space Near Loop 202

      Retail space anchored by Aldi and Dollar Tree available for rent.
      2820-2860 S Alma School Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      12,000 SF

      Chandler Retail Space For Rent

      Retail space available in a busy Chandler shopping center.
      2770 E Germann Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      331,056 SF

      Chandler Retail Land Opportunity

      Prime Chandler location, multiple spaces available.
      0 Cooper Rd & Germann Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      196,615 SF

      Las Tiendas Village Retail Center

      Chandler, AZ: Prime Retail Space Available
      0 Nec Queen Crk Rd & Alma School Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      4,621 SF

      Chandler Retail Center - Prime Location

      High-traffic retail space available in Chandler, AZ.
      202 And Gilbert Rd, Chandler, AZ 85286
      View Details
    • Contact for pricing
      1,945 SF

      Chandler Retail Space - Prime Location

      1,945 SF Retail Space, Available Now
      202 Sec, Chandler, AZ 85286
      View Details
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    2840 Alma School Rd
    Chandler, AZ 85286-4388
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    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
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