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    3100 Ray Rd, Unit 201 Chandler, AZ 85226
    Property profile & analytics

    3100 Ray Rd, Unit 201, Chandler, AZ 85226

    View on Map
    • Office buildings
    • 136,458 SF
    • 7.84 lot acres
    For Lease
    $129-$5,871/Mo
    View Listing →
    San Tan Corporate Center II For Lease
    $129-$5,871/Mo

    San Tan Corporate Center II

    Discover many ways to work your way in San Tan Corporate Center II

    3100 Ray Rd, Unit 201, Chandler, AZ 85226
    View Listing
    Property ID
    US07-3458053
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dialog Semiconductor / Factory / Production Facility
    • SLOAN REALTY ASSOCIATES / Real Estate Agency
    • The Addiction Recovery Evolution, LLC. / Counselor
    • The Treatment Helpline / Medical Clinic
    • Nexant Inc / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 3100 Ray Rd

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    7.84 lot acres
    Zone code
    PAD
    Property type
    Office buildings
    APN
    301-63-805
    APU
    30163805

    Description

    This Class A office building, located at 3100 West Ray Road, Suite 201, Chandler, AZ 85226, offers a diverse range of workspace solutions. The 12,706 square foot building boasts 350 suites, with 5,970 square feet currently vacant, divisible down to a minimum of 10 square feet and offering contiguous space up to 1,300 square feet. Ideal for businesses of all sizes, the property features a modern interior with granite and limestone flooring in the lobby, a convenient videoconferencing studio, and a drop-in business lounge. Amenities include an on-site sandwich bar and outdoor seating. The building underwent renovations in 2019 and includes elevators for convenient access to all floors. Situated in Maricopa County, this property provides easy access to Arizona State Route 101 and Phoenix Sky Harbor International Airport, making it an excellent location for businesses seeking a vibrant and accessible workspace. The building caters to various business needs, including executive office space, coworking opportunities, and creative office layouts. This prime Chandler location is perfect for businesses looking to thrive in a dynamic and entrepreneurial environment. The property's multiple tenancy structure offers flexibility for businesses of varying sizes and requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.896
    Latitude
    33.3215
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $419,722
    $0.00
    $0.00
    $5,863,944
    -
    $11,272,400
    $24,266,653
    $35,539,053

    Comparable in this City

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      17,758 SF

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      5580 Chandler Blvd, Chandler, AZ 85226-3697
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    • Value Estimation
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      Chandler, AZ 85226

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    • Value Estimation
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      19,872 SF

      5740 Chandler Blvd, Unit A7

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      5740 Chandler Blvd, Chandler, AZ 85226-3361
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    • Value Estimation
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      9,262 SF

      5660 Chandler Blvd Ste, Unit 1

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      5660 Chandler Blvd Ste, Chandler, AZ 85226-3332
      View Details
    • Value Estimation
      $775,000
      4,814 SF

      118 Kyrene Rd Ste, Unit 1

      OFFICE BUILDING
      118 Kyrene Rd Ste, Chandler, AZ 85226-4718
      View Details

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      San Tan Corporate Center II

      Discover many ways to work your way in San Tan Corporate Center II
      3100 Ray Rd, Chandler, AZ 85226
      View Details
    • Contact for pricing
      60,160 SF

      Chandler Office Space For Rent

      Office space available in Chandler, Arizona, with high ceilings.
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      View Details
    View Listing
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    Chandler, AZ 85226
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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