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Property profile & analytics
FOR LEASE
Strip malls
3961 E Chandler Blvd 106, Phoenix, AZ 85048
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1701532
For Lease
1 / 14
$16 SF/Yr
3961 E Chandler Blvd,Unit 106, Phoenix, AZ 85048
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Construction
CONCRETE
Total area
19,168 SF
Lot
1.47 ac (63,966 SF)
Zoning code
PSC
APN
306-02-856
UPID
US07-1701532
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$4.16M
Owner & transaction history
LP & Mr Investors LLC · 12 yrs held
LP & Mr Investors LLC
since 2014
1 recorded transaction
Zoning & alternative use
PSC · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.7M
+17.1%
Medical building
$5.1M
+4.3%
Warehouse, storage
$5.0M
+2.0%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
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
Blend value · Realmo final
$4.16M
Range $3.74M – $4.57M · ±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
$217 / 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
$30,085
Tax year 2023
Assessed value
$524,420
Assessed 2024
Previous assessed
$461,924
+13.5% YoY
Effective rate
5.74%
On assessed value
Land market value
$1,587,100
Improvement market value
$1,591,200
Total market value
$3,178,300
Applied tax rate
281,300.0000
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
For Lease
Year built
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
19,168 SF
Lot
1.47 ac (63,966 SF)
Zoning code
PSC
APN
306-02-856
UPID
US07-1701532
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Phoenix, AZ
Zoning PSC · permitted uses
PSC · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.9M
RETAIL STORES
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (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
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
LP & Mr Investors LLC
Entity
Free & Clear · 12 yrs held
Mailing address
571 DALEWOOD DR, ORINDA, CA 94563-1220
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2014
—
LP & Mr Investors LLC
Lakeside Plaza Shops Owners Ll
Warranty Deed
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.
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