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Property profile & analytics
OFF-MARKET
Estimated value
$13,720,000
Strip malls
3002 Arizona Ave Chandler, AZ 85225-7156
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US07-1069776
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE
Total area
51,680 SF
Lot
4.91 ac (213,752 SF)
Zoning code
C-2
APN
302-92-581A
UPID
US07-1069776
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
-
American Family Insurance - Margie Garrett Insurance Agency
-
Santa Fe Hair Company Hair Salon
-
Iglesia Vida Church
-
SGI-USA Buddhist Center Church Mosque
-
Chandler WIC Lactation Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.53M
Blend (final)
Blend
$13.72M
Owner & transaction history
University Central Center Corp · 28 yrs held
University Central Center Corp
since 1997
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
$13.72M
Range $12.35M – $15.09M · ±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
$265 / 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
$63,861
Tax year 2023
Assessed value
$1,081,410
Assessed 2024
Previous assessed
$937,118
+15.4% YoY
Effective rate
5.91%
On assessed value
Land market value
$2,554,800
Improvement market value
$4,324,400
Total market value
$6,879,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
51,680 SF
Lot
4.91 ac (213,752 SF)
Zoning code
C-2
APN
302-92-581A
UPID
US07-1069776
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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.91 ac
Current owner
From public records · entity-resolved
University Central Center Corp
Entity
Mailing address
1136 W BASELINE RD, MESA, AZ 85210-5971
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2016
—
University Central Center LLC
—
Deed
related
$2,850,000 · Thrivent Fin'l/lutherans
Nov 12, 1997
$3,200,000
University Central Center Corp
Orsett Palm L P
Grant Deed
—
Aug 9, 1993
—
Cross-la Realty INC
Crossland Mtg
Quit Claim Deed
related
—
Aug 9, 1993
$1,650,000
Orsett/palm,lp
Crossla Realty
Trustees Deed
$1,485,000 · Seller Carry Back
—
—
University Central Center Corp
—
Deed Of Trust
related
$3,200,000 · Thrivent Fin'l/lutherans
—
—
University Central Center LLC
—
Loan Modification
related
$2,850,000 · Thrivent Fin'l/lutherans
—
—
University Central Center Corp
—
Deed Of Trust
related
$3,500,000 · John Hancock Life Insurance Co
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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