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    Property profile & analytics

    3155 Nevada St Chandler, AZ 85225

    • Flex space
    • 21,085 SF
    • 1.96 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3287718
    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.

    Current Use by Public Records

    • Elite Air Conditioning Solutions / Hardware & Home Improvement / HVAC Service
    • Hedgeworks / Garden Center / Hardware & Home Improvement
    • Gable Family Builders / Construction Company / General Contractor
    • Ralph Dickenson Hitting / Gym & Fitness Center / Sports School
    • Courage Honor Strength Brazilian Jiu-Jitsu / Training Center / Sports School

    Property Details for 3155 Nevada St

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    1.96 lot acres
    Property size
    21,085 SF
    Zone code
    I-1
    Property type
    Flex space
    APN
    302-24-386
    APU
    30224386

    Description

    This exceptional industrial property, located at 3155 N Nevada St in Chandler, Arizona, offers a versatile 3,190 square foot flex space currently available for lease. Situated within the desirable Chandler N Gilbert submarket of Maricopa County, this space is part of a larger 21,048 square foot building on a spacious 1.9-acre lot. The property's classification as flex, warehouse, and distribution space makes it ideal for a variety of businesses requiring adaptable layouts. The building features a single suite, currently offering the 3,190 square foot space for lease. The property's location in Chandler, AZ, zip code 85225, provides excellent access to major transportation routes, enhancing logistical efficiency. This is a multi-tenant building, offering opportunities for collaboration and networking. The property's size and location make it an attractive option for businesses seeking a functional and strategically located space to support their operations. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy. This is a prime opportunity to secure a well-located and versatile industrial space in a thriving Arizona market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,359,000
      Market price range: $1.83M - $4.28M
      AI Estimate
      $3,359,000
      Market price range: $1.83M - $4.28M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,325,000
      Current use
      MEDICAL BUILDING
      $4,455,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $3,930,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.835
    Latitude
    33.3514
    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
    $26,298
    $0.00
    $0.00
    $597,036
    -
    $628,100
    $2,990,300
    $3,618,400

    Comparable in this City

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    • Value Estimation
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      3400 Arizona Ave

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    • Value Estimation
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      13,926 SF

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      LIGHT INDUSTRIAL • 7,759 SF
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    • Value Estimation
      $4,330,000
      21,349 SF

      3225 Arizona Ave

      LIGHT INDUSTRIAL • 21,349 SF
      3225 Arizona Ave, Chandler, AZ 85225-7327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Chandler Flex Space Investment Opportunity

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      Chandler Industrial Sale/Leaseback Opportunity

      Industrial property in Chandler, AZ, with a 3-year leaseback.
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      Chandler Warehouse with Automated Door

      Warehouse featuring automated door, evap cooling, and polished concrete.
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      14,254 SF

      Chandler Industrial Building For Sale

      Industrial building in Chandler's industrial corridor, sale-leaseback opportunity.
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      Chandler Industrial Warehouse with Income

      Multi-tenant industrial warehouse in Chandler with income and user potential.
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      Chandler Warehouse with Secure Yard

      Air-conditioned warehouse with fenced yard and mezzanine storage.
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    Similar Nearby for Lease

    • $1.35 SF/Yr

      Chandler Flex Space For Lease

      Office suite/warehouse space available for lease in Chandler, Arizona.
      170 E Corporate Pl, Chandler, AZ 85225
      View Details
    • $16 SF/Yr
      21,048 SF

      Chandler Flex Space For Lease

      Modern Flex Warehouse, 3,190 SF Available
      3155 Nevada St, Chandler, AZ 85225
      View Details
    • $1.40 SF/Yr
      30,621 SF

      Chandler Industrial Manufacturing Space

      Prime Chandler location, 2,176 sq ft available.
      3454 San Marcos Pl, Chandler, AZ 85225
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    • $1.25 SF/Yr
      2,823 SF

      Chandler Flex Space For Rent

      Flex space available in a professionally managed business park.
      375 E Elliot Rd, Chandler, AZ 85225
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    • $1.00 SF/Yr
      2,943 SF

      Chandler Flex Office Warehouse Space

      Flex office warehouse space available for lease in Chandler, Arizona.
      3498 N San Marcos Pl, Chandler, AZ 85225
      View Details
    • Contact for pricing
      15,912 SF

      Chandler Warehouse with Secured Yard

      15,912 SF warehouse with fenced yard and truck well.
      2221 N Nevada St, Chandler, AZ 85225
      View Details
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    Chandler, AZ 85225
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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.

    More about this property
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