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Property profile & analytics
OFF-MARKET
Estimated value
$10,940,000
Retail space
3055 Chandler Blvd Chandler, AZ 85226-5220
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1096895
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
CONCRETE
Total area
23,927 SF
Lot
2.27 ac (98,913 SF)
Zoning code
PAD
APN
301-65-891A
UPID
US07-1096895
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
-
La-Z-Boy Home Furnishings & Décor Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.94M
Blend (final)
Blend
$10.94M
Owner & transaction history
Vereit Real Estate LP · 7 yrs held
Vereit Real Estate LP
since 2019
7 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.2M
+40.5%
Restaurant
$12.4M
+14.8%
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
RETAIL STORES
$10,815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,190,000
Change: +40% · Conversion: Moderate
RESTAURANT
$12,415,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,215,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$10.94M
Range $9.85M – $12.03M · ±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
$457 / 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
$63,642
Tax year 2023
Assessed value
$1,097,507
Assessed 2024
Previous assessed
$983,739
+11.6% YoY
Effective rate
5.80%
On assessed value
Land market value
$3,264,100
Improvement market value
$3,387,460
Total market value
$6,651,560
Applied tax rate
280,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
23,927 SF
Lot
2.27 ac (98,913 SF)
Zoning code
PAD
APN
301-65-891A
UPID
US07-1096895
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
RETAIL STORES Current
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.2M
RESTAURANT
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$9.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
Vereit Real Estate LP
Entity
Mailing address
1 LAZBOY DR, MONROE, MI 48162-5138
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2019
$8,589,333
Vereit Real Estate LP
E & R Flagstaff LLC
Grant Deed
—
Oct 22, 2008
—
E & R Flagstaff LLC
—
Trustees Deed
related
$500,000 · Wells Fargo Bank
Aug 19, 2008
—
E & R Flagstaff LLC
—
Trustees Deed
related
$500,000 · Wells Fargo Bank
Dec 16, 2005
—
E & R Flagstaff LLC
Owner Name Unavailable
Grant Deed
—
Jul 22, 2004
—
Propcor Associates LLC II
Propcor Associates LLC II
Quit Claim Deed
related
—
—
—
E & R Flagstaff LLC
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
E & R Flagstaff LLC
—
Loan Modification
related
$2,200,000 · Wells Fargo Bk
—
—
Keg Restaurants Arizona INC
—
Deed Of Trust
related
$3,200,000 · Ge Capital Franchise Finance
—
—
Propcor II Associates LLC
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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