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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Flex space
305 Comstock Dr Chandler, AZ 85225-1246
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-0432696
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Construction
CONCRETE
Total area
9,930 SF
Lot
0.9 ac (39,150 SF)
Zoning code
I-1
APN
302-29-064
UPID
US07-0432696
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
-
Creation Collision Center Auto Repair Shop
-
Dane Armory (Bike/Boat/Book/etc) Store
-
Everclear Environmental Solutions Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.17M
Owner & transaction history
305 Comstock LLC · 3 yrs held
305 Comstock LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
I-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+18.2%
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
$1,160,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,325,000
6.5%
$1,225,000
7%
$1,135,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,565,000
Current use
OFFICE BUILDING
$1,850,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.15M (Jan 24 2023)
Last sale anchor
$1.15M
Jan 24 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
$118 / 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
$13,623
Tax year 2023
Assessed value
$291,110
Assessed 2024
Previous assessed
$238,255
+22.2% YoY
Effective rate
4.68%
On assessed value
Land market value
$324,600
Improvement market value
$1,439,700
Total market value
$1,764,300
Applied tax rate
410,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
9,930 SF
Lot
0.9 ac (39,150 SF)
Zoning code
I-1
APN
302-29-064
UPID
US07-0432696
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Chandler, AZ
Zoning I-1 · permitted uses
I-1 · 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
$1.6M
OFFICE BUILDING
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
OFFICE 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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
305 Comstock LLC
Entity
Free & Clear · 3 yrs held
Mailing address
27007 N 134TH ST, SCOTTSDALE, AZ 85262-9507
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2023
—
305 Comstock LLC
Griffith Consortium LLC
Quit Claim Deed
related
—
Feb 25, 2019
$1,150,000
Griffith Consortium LLC
Comstock Office Warehouse
Warranty Deed
—
Mar 16, 2015
—
Comstock Office Warehouse LLC
Sherbeck Jonathan A
Grant Deed
related
—
Jun 7, 2000
$559,000
Jon Sherbeck
New Image Business Park INC
Grant Deed
—
Mar 31, 1998
—
New Image Business Park INC
Harvey,karl T & Kathleen S
Grant Deed
related
—
May 31, 1996
$88,088
Karl T Harvey
Alamo Park I L L C
Grant Deed
$75,588 · Seller
Mar 18, 1996
$129,195
Business Park I L L C Alamo
Talley Realty Holding Co
Grant Deed
—
Oct 22, 1993
$235,000
Talley Realty Holding Co INC
Talley Finance &
Grant Deed
related
—
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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