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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Flex space
318 Bracken Ln Chandler, AZ 85224-4700
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1290394
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1995
Construction
CONCRETE
Total area
12,387 SF
Lot
1.29 ac (56,000 SF)
Zoning code
I-1
APN
303-24-150
UPID
US07-1290394
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
-
Analyze Inc Business Management Consultant
-
Ponderosa Dispensary Department Store
-
Dazzle Dry Cosmetic Store Beauty School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.12M
Owner & transaction history
Bracken Property Holdings LLC · 5 yrs held
Bracken Property Holdings LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
I-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+44.6%
Office building
$2.7M
+32.1%
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
$1,870,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,655,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,030,000
Current use
MEDICAL BUILDING
$2,940,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$2,685,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10% · vs last sale $1.95M (Jul 2 2021)
Last sale anchor
$1.95M
Jul 2 2021
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
$171 / 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
$18,693
Tax year 2023
Assessed value
$371,168
Assessed 2024
Previous assessed
$312,936
+18.6% YoY
Effective rate
5.04%
On assessed value
Land market value
$667,300
Improvement market value
$1,582,200
Total market value
$2,249,500
Applied tax rate
800,300.0000
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
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
12,387 SF
Lot
1.29 ac (56,000 SF)
Zoning code
I-1
APN
303-24-150
UPID
US07-1290394
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
$2.0M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
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
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Bracken Property Holdings LLC
Entity
Mailing address
205 E 5TH ST #201, TEMPE, AZ 85281
Ownership since
2021
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
May 31, 2022
—
Bracken Property Holdings LLC
—
Deed
related
$2,235,000 · East West Bank
Jul 2, 2021
$1,950,000
Bracken Property Holdings LLC
Analyze INC
Special Warranty Deed
—
Apr 9, 2021
—
Analyze INC
—
Deed
related
$1,600,000 · Commerce Bank Of Arizona
Jul 20, 2016
—
Analyze INC
—
Deed
related
$600,000 · Wells Fargo Bank NA
Sep 17, 1993
—
Stewart,title & Trust 2079
Stewart Trust 19
Quit Claim Deed
related
—
Oct 5, 1992
—
Analyze INC
Valenty
Grant Deed
$35,000 · Rio Salado Bank
Mar 30, 1992
$67,200
Valenty Steven
J B Development
Grant Deed
$52,080 · Seller
—
—
Analyze INC
—
Deed Of Trust
related
$855,000 · National Bank Canada
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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