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Property profile & analytics
OFF-MARKET
Strip malls
2895 Alma School Rd Chandler, AZ 85286-4503
Entity Owned
Free & Clear
Property ID
US07-1539748
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
CONCRETE
Total area
11,050 SF
Lot
1.04 ac (45,233 SF)
Zoning code
PAD
APN
303-34-994
UPID
US07-1539748
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
-
Denbrock Stephen DDS Dental Office
-
Chipotle Mexican Grill Restaurant
-
Jenny Craig Weight Loss Center Weight Loss Service Health Consultant
-
Cadance living Housing Complex
-
Revelashons Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nsrp I Las Tiendas Owner LLC
Nsrp I Las Tiendas Owner LLC
since 2025
Last sale
$54.5M
4 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses sha…
Zone name
Planned Area Development
General category
RESIDENTIAL
Zone area
27,277.66 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,742
Tax year 2023
Assessed value
$308,319
Assessed 2024
Previous assessed
$269,365
+14.5% YoY
Effective rate
7.38%
On assessed value
Land market value
$489,600
Improvement market value
$1,379,000
Total market value
$1,868,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
11,050 SF
Lot
1.04 ac (45,233 SF)
Zoning code
PAD
APN
303-34-994
UPID
US07-1539748
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZZoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses shall be permitted within the AP-1 zoning district as principal uses: (1) Airport stru
Zone name
Planned Area Development
General category
RESIDENTIAL
Zone area
27,277.66 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Nsrp I Las Tiendas Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11601 WILSHIRE BLVD STE #1650, LOS ANGELES, CA 90025-1752
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
—
Nsrp I Las Tiendas Owner LLC
—
Deed
related
$35,000,000 · Bank Of America NA
Sep 12, 2025
$54,500,000
Nsrp I Las Tiendas Owner LLC
Vestar Ltv LLC
Special Warranty Deed
—
Aug 17, 2022
$37,822,152
Vestar Ltv LLC
Vestar California Xxii LLC
Correction Deed
related
—
Aug 16, 2022
$41,725,000
Vestar Ltv LLC
Vestar California Xxii LLC
Special Warranty Deed
—
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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