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Property profile & analytics
FOR LEASE
Flex space
323 S Bracken Ln Chandler, AZ 85224
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0012965
For Lease
$9,680,000
323 S Bracken Ln, Chandler, AZ 85224
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Total area
39,066 SF
Lot
5.38 ac (234,272 SF)
APN
303-24-155B
UPID
US07-0012965
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
-
Fun Factory Candy & Novelty Co. (Bike/Boat/Book/etc) Store
-
Fun Factory Candy & Novelty Company Corporate Office
-
UTC Aerospace Systems Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.61M
Blend (final)
Blend
$9.68M
Owner & transaction history
Cfc Bracken LP · 3 yrs held
Cfc Bracken LP
since 2023
Last sale
$9.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.0M
+134.8%
Medical building
$9.3M
+44.6%
Office building
$8.5M
+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
$9,780,000
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)
$6,410,000
Current use
AUTO REPAIR, GARAGE
$15,040,000
Change: +135% · Conversion: Easy
MEDICAL BUILDING
$9,270,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$8,465,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$9.68M
Range $8.71M – $10.65M · ±10% · vs last sale $9.70M (Feb 22 2023)
Last sale anchor
$9.70M
Feb 22 2023
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
$248 / 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
$69,207
Tax year 2023
Assessed value
$1,322,162
Assessed 2024
Effective rate
5.23%
On assessed value
Land market value
$2,164,000
Improvement market value
$5,849,100
Total market value
$8,013,100
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 Lease
Year built
1986
Buildings
2
Stories
1
Total area
39,066 SF
Lot
5.38 ac (234,272 SF)
APN
303-24-155B
UPID
US07-0012965
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$15.0M
MEDICAL BUILDING
Est. value
$9.3M
OFFICE BUILDING
Est. value
$8.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1986
Stories
1
Buildings
2
Lot
5.38 ac
Current owner
From public records · entity-resolved
Cfc Bracken LP
Entity
Mailing address
500 N 1ST AVE STE #5, ARCADIA, CA 91006-2893
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Cfc-bracken LP
—
Deed
related
$7,250,000 · Security Service Federal Credit Union
Feb 22, 2023
$9,700,000
Cfc Bracken LP
Bracken Holdings LLC
Special Warranty Deed
$6,375,000 · Mountain America FCU
Oct 6, 2021
$615,750
Trilogy Partners LLC
Bracken Holdings LLC
Warranty Deed
—
Sep 9, 2021
—
Bracken Holdings LLC
—
Deed
related
$400,000 · Bokf NA
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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