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Property profile & analytics
OFF-MARKET
Estimated value
$4,330,000
Flex space
3225 Arizona Ave Chandler, AZ 85225-7327
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US07-3239701
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2006
Construction
CONCRETE
Total area
21,349 SF
Lot
3.22 ac (140,439 SF)
Zoning code
I-1
APN
302-24-419
UPID
US07-3239701
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
-
American Plumbing and Rooter Plumbing Service General Contractor
-
True Outreach Inc Charitable Organization Social Service Agency
-
Power Mobility & Lifts Production Facility
-
Serendipitous Creations (Bike/Boat/Book/etc) Store
-
Nuwave Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$4.33M
Owner & transaction history
Pollack Busn Park North LLC · 14 yrs held
Pollack Busn Park North LLC
since 2012
5 recorded transactions
Zoning & alternative use
I-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.5M
+33.9%
Office building
$4.0M
+18.2%
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
INDUSTRIAL (GENERAL)
$3,370,000
Current use
MEDICAL BUILDING
$4,510,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$3,980,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±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
$203 / 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
$40,379
Tax year 2023
Assessed value
$1,003,926
Assessed 2024
Previous assessed
$800,462
+25.4% YoY
Effective rate
4.02%
On assessed value
Land market value
$946,100
Improvement market value
$5,138,300
Total market value
$6,084,400
Applied tax rate
410,300.0000
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
21,349 SF
Lot
3.22 ac (140,439 SF)
Zoning code
I-1
APN
302-24-419
UPID
US07-3239701
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
$3.4M
MEDICAL BUILDING
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.0M
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.22 ac
Current owner
From public records · entity-resolved
Pollack Busn Park North LLC
Entity
Mailing address
1136 W BASELINE RD, MESA, AZ 85210-5971
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2016
—
Pollack Busn Park North LLC
—
Deed
related
$3,600,000 · Thrivent Fin'l/lutherans
Mar 1, 2012
—
Pollack Busn Park North LLC
Pollack Busn Park North II LLC
Quit Claim Deed
$4,100,000 · Thrivent Fin'l/lutherans
Dec 15, 2005
—
Pollack Busn Park North II LLC
Pollack Busn Park North LLC
Quit Claim Deed
—
—
—
Pollack Busn Park North II LLC
—
Deed Of Trust
related
$3,400,000 · Berkshire Life Ins Co America
—
—
Pollack Busn Park North LLC
—
Loan Modification
related
$3,600,000 · Thrivent Fin'l/lutherans
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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