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    Property profile & analytics

    3961 E Chandler Blvd, Unit 106 Phoenix, AZ 85048

    • Strip malls
    • 19,168 SF
    • 1.47 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1701532
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Irrigation Repair Services / General Contractor / Construction Company
    • Alexander's plumbing / Plumbing Service / General Contractor
    • Conquest General / General Contractor
    • Mountainside Family Dental / Dental Office
    • Sanders Stuart S DDS / Dental Office

    Property Details for 3961 E Chandler Blvd

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    1.47 lot acres
    Property size
    19,168 SF
    Zone code
    PSC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    306-02-856
    APU
    30602856

    Description

    This exceptional 19,168 square foot Class B medical office building, constructed in 1995, is situated at 3961 E Chandler Blvd in Phoenix, Arizona, within Maricopa County. The property features a multi-tenant occupancy structure, offering a versatile space ideal for a variety of medical practices or related businesses. Currently, there is 3,927 square feet of vacant space available for lease, presenting a unique opportunity for expansion or relocation. The building's classification as a Class B property reflects its well-maintained condition and functional design. Its location in Phoenix, AZ, offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving commercial area. The property's zoning and permitted uses are specifically tailored to accommodate medical office spaces and street retail, ensuring compliance with local regulations. The zip code is 85048. This property is categorized as both retail and office space, offering flexibility for potential tenants. The building's total square footage is 19,168 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,356,000
      Market price range: $2.25M - $8.82M
      AI Estimate
      $3,953,000
      Market price range: $2.07M - $7.87M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,880,000
      Current use
      RETAIL STORES
      $5,710,000
      Change: +17% Conversion: Easy
      MEDICAL BUILDING
      $5,090,000
      Change: +4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,975,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,215,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.998
    Latitude
    33.3035
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,085
    $0.00
    $0.00
    $524,420
    -
    $1,587,100
    $1,591,200
    $3,178,300

    Comparable in this City

    • Value Estimation
      $2,530,000
      6,720 SF

      4929 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 6,720 SF
      4929 Chandler Blvd, Phoenix, AZ 85048-0864
      View Details
    • Value Estimation
      $3,095,000
      7,105 SF

      4923 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 7,105 SF
      4923 Chandler Blvd, Phoenix, AZ 85048-0865
      View Details
    • Value Estimation
      $2,985,000
      11,808 SF

      4804 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 11,808 SF
      4804 Chandler Blvd, Phoenix, AZ 85048-0857
      View Details
    • Value Estimation
      $4,330,000
      11,384 SF

      4645 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 11,384 SF
      4645 Chandler Blvd, Phoenix, AZ 85048-0432
      View Details
    • Value Estimation
      $3,920,000
      9,000 SF

      4611 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      4611 Chandler Blvd, Phoenix, AZ 85048-0441
      View Details
    • Value Estimation
      $4,830,000
      22,820 SF

      3233 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 22,820 SF
      3233 Chandler Blvd, Phoenix, AZ 85048-7295
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,934 SF

      Chandler Blvd Retail Center

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      13,934 SF

      Ahwatukee Strip Center Investment Opportunity

      Fully occupied strip center in Ahwatukee neighborhood with upside potential.
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      Retail Ground Lease For Sale

      15-year ground lease available in Phoenix, Arizona.
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      Phoenix Restaurant Investment Opportunity

      Restaurant property with lease in place and income growth.
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      1.25 acre lot with included home design plans.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Center with Excellent Signage

      Multi-tenant retail center with suites available for lease.
      4206 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • $16 SF/Yr
      1,118 SF

      Retail Space in Busy Center

      Retail space available in a busy, anchored shopping center.
      2436 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      2,048 SF

      Retail Space in Busy Center

      Retail space available in a busy shopping center.
      4910 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in Phoenix, Arizona shopping center.
      4025 E Chandler Blvd, Phoenix, AZ 85048
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    • Contact for pricing
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      Retail Space in High Traffic Area

      Retail space available in a major shopping center.
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    • Contact for pricing

      Ahwatukee Retail Space Available

      Retail space available in Ahwatukee Kohl's Shopping Center.
      4645 E Chandler Blvd, Phoenix, AZ 85048
      View Details
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    Phoenix, AZ 85048
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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