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Property profile & analytics
OFF-MARKET
Estimated value
$15,500,000
Strip malls
3401 Frye Rd Chandler, AZ 85226-5005
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1112379
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
CONCRETE
Total area
15,054 SF
Lot
1.68 ac (73,222 SF)
Zoning code
PAD
APN
301-65-901B
UPID
US07-1112379
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
-
Which Wich Superior Sandwiches Take-out & Catering
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Verizon Business Services Business To Business Service
-
Mattress Firm Chandler Village Furniture & Home Goods
-
Carter's Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.76M
Blend (final)
Blend
$15.50M
Owner & transaction history
Cp6cv LLC · 1 yrs held
Cp6cv LLC
since 2024
Last sale
$15.5M
6 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses sha…
Zone name
Planned Area Development
General category
RESIDENTIAL
Zone area
27,277.66 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$12.1M
+26.4%
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
$15,500,000
ML approach
$15,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,555,000
Current use
COMMERCIAL (GENERAL)
$12,080,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$15.50M
Range $13.95M – $17.05M · ±10% · vs last sale $15.50M (Jul 30 2024)
Last sale anchor
$15.50M
Jul 30 2024
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
$1,030 / 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
$43,248
Tax year 2023
Assessed value
$801,066
Assessed 2024
Previous assessed
$719,695
+11.3% YoY
Effective rate
5.40%
On assessed value
Land market value
$2,416,300
Improvement market value
$2,438,648
Total market value
$4,854,948
Applied tax rate
280,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
15,054 SF
Lot
1.68 ac (73,222 SF)
Zoning code
PAD
APN
301-65-901B
UPID
US07-1112379
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZZoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses shall be permitted within the AP-1 zoning district as principal uses: (1) Airport stru
Zone name
Planned Area Development
General category
RESIDENTIAL
Zone area
27,277.66 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$12.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Cp6cv LLC
Entity
Mailing address
11411 N TATUM BLVD, PHOENIX, AZ 85028-2305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
$15,500,000
Cp6cv LLC
Cole Mt Chandler Village Az LLC
Special Warranty Deed
$18,600,000 · Gsf Lender LLC
Jul 30, 2024
—
Propstra Chandler Village Center Ll
—
Deed
related
$18,600,000 · Gsf Lender LLC
—
—
Chandler Village Center LLC
—
Deed Of Trust
related
$21,000,000 · Bank Of America
—
—
Chandler Village Center LLC
—
Deed Of Trust
related
$20,370,000 · Wells Fargo Bank
—
—
Chandler Village Center LLC
—
Deed Of Trust
related
$17,500,000 · Us Bank NA
—
—
Chandler Village Center LLC
—
Deed Of Trust
related
$17,285,897 · Us Bank 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.
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