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Property profile & analytics
OFF-MARKET
Estimated value
$13,735,000
Outlet malls
2994 Alma School Rd Chandler, AZ 85224-1996
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-1010607
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1985
Construction
CONCRETE
Total area
75,804 SF
Lot
6.4 ac (278,887 SF)
Zoning code
C-2
APN
302-25-002Z
UPID
US07-1010607
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
-
Assurity Commercial HVAC Chandler HVAC Service General Contractor
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Furniture & Mattress Discounters Furniture & Home Goods
-
Mervyn's Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.73M
Blend (final)
Blend
$13.74M
Owner & transaction history
Blessings Trust · 6 yrs held
Blessings Trust
since 2020
7 recorded transactions
Zoning & alternative use
C-2 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rdance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1205. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIII. - C-2-COMMUNITY COMMERCIAL DISTRICT 35-1300. - Purpose. This district is intended to serve several functions by providing central concentratio…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
205.85 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
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
Blend value · Realmo final
$13.74M
Range $12.36M – $15.11M · ±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
$181 / 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
$47,587
Tax year 2023
Assessed value
$1,377,882
Assessed 2024
Previous assessed
$1,196,358
+15.2% YoY
Effective rate
3.45%
On assessed value
Land market value
$2,800,600
Improvement market value
$5,550,200
Total market value
$8,350,800
Applied tax rate
40,300.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
75,804 SF
Lot
6.4 ac (278,887 SF)
Zoning code
C-2
APN
302-25-002Z
UPID
US07-1010607
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Chandler, AZZoning C-2 · permitted uses
C-2 · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rdance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1205. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIII. - C-2-COMMUNITY COMMERCIAL DISTRICT 35-1300. - Purpose. This district is intended to serve several functions by providing central concentrations of uses offering goods and/or services for larger areas of Chandler. Establishme
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
205.85 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
6.4 ac
Current owner
From public records · entity-resolved
Blessings Trust
Trust
Mailing address
3333 E LATHAM WAY, GILBERT, AZ 85297-3010
Ownership since
2020
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
Feb 5, 2024
—
Osam A Hasasneh
—
Deed
related
$1,000,000 · Kg Investments Trust
Feb 14, 2020
—
Blessings Trust
Furniture Discounte
Warranty Deed
—
Oct 24, 2019
—
Blessings Trust
Osam Hasasneh
Quit Claim Deed
related
—
Feb 1, 2019
—
Furniture & Mattress Discounters Ll
—
Deed
related
$2,450,000 · Wells Fargo Financial National Bank
Oct 26, 2015
$2,300,000
Furnitute & Mattress Discounters Ll
Vp Alma School & Elliot LLC
Special Warranty Deed
$382,700 · Seacoast Commerce Bank
Mar 7, 2013
$1,290,838
Vp Alma School & Elliot LLC
2005-c4 Dmm Portfolio Prop
Grant Deed
—
Aug 9, 2012
$11,000,000
2005-c4 Dmm Portfolio Props Ll
Ghidotti Michelle
Trustees Deed
—
Oct 9, 2008
—
Mervyns LLC
—
Deed Of Trust
related
$465,000,000 · Wachovia Cap Finance Corp (wes
Sep 23, 2005
$8,566,000
Ddr Mdt Mv Chandler LLC
Mds Realty II LLC
Grant Deed
—
Sep 22, 2004
—
Mds Realty LLC II
Mervyns LLC
Grant Deed
$675,000,000 · Archon Financial LP
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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