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Property profile & analytics
FOR SALE
Flex space
2900 S Gilbert Rd Chandler, AZ 85286
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2486930
For Sale
$15,440,000
2900 S Gilbert Rd, Chandler, AZ 85286
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2016
Construction
CONCRETE
Total area
100,243 SF
Lot
9.23 ac (402,179 SF)
Zoning code
PAD
APN
303-31-383
UPID
US07-2486930
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
-
Chandler Crossroads Business Park
-
Caltrol Inc. - Emerson Automation Solutions Industrial Engineer
-
Valin Corporation Factory Industrial Manufacturer
-
Ko-Pack Inc Corporate Office
-
Caltrol Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.44M
Owner & transaction history
Fcref Chandler I LLC · 3 yrs held
Fcref Chandler I LLC
since 2023
Last sale
$16.4M
6 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$22.4M
+21.5%
Medical building
$21.2M
+15.1%
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
$16,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,380,000
6.5%
$12,350,000
7%
$11,470,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$18,405,000
Current use
OFFICE BUILDING
$22,360,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$21,175,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$15.44M
Range $13.90M – $16.98M · ±10% · vs last sale $16.43M (Feb 21 2023)
Last sale anchor
$16.43M
Feb 21 2023
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
$154 / 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
$127,887
Tax year 2023
Assessed value
$3,267,776
Assessed 2024
Previous assessed
$3,267,776
+0.0% YoY
Effective rate
3.91%
On assessed value
Land market value
$4,700,100
Improvement market value
$15,104,600
Total market value
$19,804,700
Applied tax rate
800,306.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
100,243 SF
Lot
9.23 ac (402,179 SF)
Zoning code
PAD
APN
303-31-383
UPID
US07-2486930
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · 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
INDUSTRIAL (GENERAL) Current
Est. value
$18.4M
OFFICE BUILDING
Est. value
$22.4M
MEDICAL BUILDING
Est. value
$21.2M
INDUSTRIAL (GENERAL) Current
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
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
9.23 ac
Current owner
From public records · entity-resolved
Fcref Chandler I LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2390 E CAMELBACK RD STE #305, PHOENIX, AZ 85016-3451
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
Fcref Chandler I LLC
—
Deed
related
$6,660,000 · State Farm Life And Accident Assurance C
Feb 21, 2023
$16,425,000
Fcref Chandler I LLC
Alidade Chandler Crossroads LLC
Special Warranty Deed
—
Feb 21, 2023
$23,725,000
Fcref Chandler II LLC
Vw Chandler Crossroads LLC
Special Warranty Deed
—
Jun 8, 2021
$2,556,257
Vw Chandler Crossroads LLC
Alidade Crossroads Land LLC
Special Warranty Deed
—
Aug 21, 2020
—
Alidade Chandler Crossroads LLC
—
Deed
related
$162,400,000 · Associated Bank NA
Nov 7, 2019
$11,000
Alidade Chandler Crossroads LLC
Rock Queen Creek LLC
Warranty Deed
$17,905,000 · Associated Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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