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Property profile & analytics
FOR SALE
Flex space
3195 W Armstrong Pl Chandler, AZ 85286
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1572256
For Sale
1 / 3
$1,600,000
3195 W Armstrong Pl, Chandler, AZ 85286
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Total area
50,710 SF
Lot
5.16 ac (224,933 SF)
Zoning code
I-1
APN
303-25-754
UPID
US07-1572256
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
-
Kovach Enclosure Systems General Contractor
-
WILDHORSE DEVELOPMENT Horse Riding Field
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.82M
Blend (final)
Blend
$10.73M
Owner & transaction history
Juana Neubauer · 3 yrs held
Juana Neubauer
since 2022
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
I-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.3M
+21.5%
Medical building
$10.7M
+15.1%
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
$9,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,310,000
Current use
OFFICE BUILDING
$11,310,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$10,710,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$10.73M
Range $9.66M – $11.80M · ±10% · vs last sale $10.40M (Aug 5 2022)
Last sale anchor
$10.40M
Aug 5 2022
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
$212 / 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
$76,886
Tax year 2023
Assessed value
$1,634,523
Assessed 2024
Previous assessed
$1,315,477
+24.3% YoY
Effective rate
4.70%
On assessed value
Land market value
$2,934,300
Improvement market value
$6,971,900
Total market value
$9,906,200
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
For Sale
Year built
2005
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
50,710 SF
Lot
5.16 ac (224,933 SF)
Zoning code
I-1
APN
303-25-754
UPID
US07-1572256
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
$9.3M
OFFICE BUILDING
Est. value
$11.3M
MEDICAL BUILDING
Est. value
$10.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL 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
2005
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.16 ac
Current owner
From public records · entity-resolved
Juana Neubauer
Individual
Mailing address
2280 W 208TH ST, TORRANCE, CA 90501-1452
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
—
Juana Neubauer
Juana Neubauer
Intrafamily Transfer
related
$6,600,000 · Wells Fargo Bank NA
Jan 4, 2019
—
Kovach,stephen E IV Trust
Empire Residl Communities Fun
Grant Deed
related
—
Dec 7, 2018
—
Neubauer Family Trust
Neubauer Family Trust
Quit Claim Deed
related
$5,281,298 · California Bk&tr
Apr 18, 2008
$10,400,000
Neubauer Family Trust
South Hobson Dev III LLC
Grant Deed
$7,800,000 · California Bank & Trust
—
—
Neubauer Family Trust
—
Loan Modification
related
$6,020,063 · California Bank & Trust
—
—
W & J Properties LLC
—
Deed Of Trust
related
$6,020,063 · California Bk&tr
—
—
W & J Properties LLC
—
Loan Modification
related
$5,281,298 · California Bk&tr
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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