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3233 E Chandler Blvd Phoenix, AZ 85048

Retail space Google Maps
7,276 SF 0.47 ac lot Built 1997
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.23M
Range $1.10M – $1.35M (±10%)
Property ID US07-1540451

Property summary

AI-generated overview

This exceptional retail opportunity presents 3,139 square feet of vacant space within the Foothills Village Center, a 24,103 square foot strip center in the desirable Ahwatukee Foothills Ret submarket of Maricopa County. The property boasts high visibility due to its prime location at the southeast corner of Chandler Boulevard and 32nd Street, offering excellent Chandler Boulevard frontage. Suites range from a minimum of 1,027 square feet to a maximum contiguous space of 2,112 square feet, with a potential for larger spaces by combining units. The center is shadow-anchored by a Goodwill and a Montessori school, ensuring consistent foot traffic and strong community presence. Its strategic location provides convenient access to major transportation arteries, including I-10 and Loop 202, and is also minutes from Desert Vista High School. The property is zoned C-2, PCD, allowing for versatile uses including retail, office, and medical build-outs. An existing orthodontic build-out is available, offering a maximum contiguous space of approximately 3,139 square feet by combining with suite 12. This presents a unique opportunity for businesses seeking a well-established location in a thriving community with excellent demographics.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction CONCRETE
Total area 7,276 SF
Lot 0.47 ac (20,670 SF)
Zoning code C-2
APN 306-02-847B
UPID US07-1540451

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Dental Office
  • Restaurant
  • Gun Shop
  • Spa & Massage Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.27M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.23M

Owner & transaction history

since 2022
Last sale
$1.2M
7 recorded transactions
2022
$1.2M
2018
Price N/A
2018
$300,000
2018
Price N/A
2016
$1.7M
2005
$4.0M
1999
$650,000

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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