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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Individual retail properties
2977 Germann Rd Chandler, AZ 85286-1586
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2192000
Property profile
Verified
Property type
Individual retail properties
Use group
CANNABIS DISPENSARY
Year built
2015
Construction
STEEL FRAME
Total area
7,280 SF
Lot
1.73 ac (75,425 SF)
Zoning code
PAD
APN
303-31-342
UPID
US07-2192000
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
-
Emergency Room at Arizona General Hospital - Chandler, AZ Hospital
-
Dignity Health Hospital
-
LAWRENCE A POLLACK Physician
-
Jared Green Physician
-
Hector Salazar Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.88M
Owner & transaction history
John F Long Properties Lllp · 1 yrs held
John F Long Properties Lllp
since 2024
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
PAD · 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,105,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,665,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,290,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,805,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,540,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±10% · vs last sale $2.88M (Apr 1 2025)
Last sale anchor
$2.88M
Apr 1 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
$395 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$346
Tax year 2022
Assessed value
$563,458
Assessed 2024
Previous assessed
$497,046
+13.4% YoY
Effective rate
0.06%
On assessed value
Land market value
$1,665,000
Improvement market value
$1,749,897
Total market value
$3,414,897
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
Individual retail properties
Use group
CANNABIS DISPENSARY
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,280 SF
Lot
1.73 ac (75,425 SF)
Zoning code
PAD
APN
303-31-342
UPID
US07-2192000
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
RESTAURANT
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2015
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
John F Long Properties Lllp
Entity
Mailing address
166 E 14000TH AVE S STE #210, DRAPER, UT 84020-5455
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
$4,900,000
John F Long Properties Lllp
Wav Chandler LLC
Special Warranty Deed
—
Jul 23, 2024
$115,550,730
Agh Mesa LLC
Mpt Of Mesa Ellsworth Ad LLC
Special Warranty Deed
—
Jul 23, 2024
$7,331,759
Agh Laveen LLC
Mpt Of Glendale Camelback Fcer LLC
Special Warranty Deed
—
Jul 23, 2024
$5,751,889
Agh Mesa LLC
Mpt Of Chandler Ray Fcer LLC
Special Warranty Deed
—
Jul 23, 2024
$5,420,772
Agh Laveen LLC
Mpt Of Glendale Fcer LLC
Special Warranty Deed
—
Jul 23, 2024
$5,820,803
Agh Mesa LLC
Mpt Of Chandler Fcer LLC
Special Warranty Deed
—
May 22, 2014
—
Wav Chandler LLC
Wadsworth Laramie LLC
Grant Deed
—
Dec 20, 2012
$167,500
Es 125293 LLC
Exxonmobil Foundation
Grant Deed
$3,150,000 · Wadsworth Flagstaff LLC
Dec 11, 2008
—
Exxonmobil Foundation
Exxonmobil Oil Corp
Quit Claim Deed
related
—
—
—
Es 125293 Lc
—
Deed Of Trust
related
$3,150,000 · Wadsworth Flagstaff LLC
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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