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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Office buildings
375 Commonwealth Ave Chandler, AZ 85225-5501
Entity Owned
Free & Clear
Property ID
US07-3237029
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
CONCRETE
Total area
5,322 SF
Lot
3.99 ac (173,979 SF)
Zoning code
I-2
APN
303-11-001J
UPID
US07-3237029
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.55M
Owner & transaction history
Bakke Properties LLC
Bakke Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
I-2 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+142.3%
Auto repair, garage
$2.1M
+106.5%
Medical building
$1.1M
+13.3%
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
OFFICE BUILDING
$995,000
Current use
RETAIL STORES
$2,405,000
Change: +142% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,050,000
Change: +106% · Conversion: Difficult
MEDICAL BUILDING
$1,125,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$970,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±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
$290 / 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
$17,643
Tax year 2023
Assessed value
$315,692
Assessed 2024
Previous assessed
$278,052
+13.5% YoY
Effective rate
5.59%
On assessed value
Land market value
$1,201,400
Improvement market value
$711,884
Total market value
$1,913,284
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
5,322 SF
Lot
3.99 ac (173,979 SF)
Zoning code
I-2
APN
303-11-001J
UPID
US07-3237029
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Chandler, AZ
Zoning I-2 · permitted uses
I-2 · 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
OFFICE BUILDING Current
Est. value
$995,000
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$970,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1981
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
3.99 ac
Current owner
From public records · entity-resolved
Bakke Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
9800 SE FULLER RD, PORTLAND, OR 97086-3736
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
—
Bakke Properties LLC
Bronaugh Investors Oregon LP
Warranty Deed
—
Aug 22, 2013
$1,600,000
Bronaugh Invtrs Oregon LP
Dlh Realty Investments LLC
Warranty Deed
$600,000 · Standard Insurance Co
Jul 1, 2011
—
Dlh Realty Investments LLC
South 40th LLC
Grant Deed
—
Jun 21, 2011
—
South 40th LLC
Chanen,jeanne Y
Trustees Deed
related
—
Mar 10, 2008
$2,147,897
Quest Chandler LLC
Skb-qw LLC
Grant Deed
$1,525,000 · Zions First National Bank
May 4, 2006
$1,412,000
Skb Qw LLC
Reliance Figueroa Associates LP
Special Warranty Deed
$25,800,000 · Nomura Credit & Capital INC
Mar 2, 1990
$1,551,000
Reliance Figuero
H Ma Properties
Grant Deed
—
Sep 30, 1988
$543,500
H Ma Properties
—
Deed Of Trust
related
—
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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