Property profile

3980 Riggs Rd Ste 1 Chandler, AZ 85249

OFF-MARKET
Medical Office Space
Property ID
US07-1991768
5,061 SF 0.05 ac lot Built 2005
Entity Owned 19-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Construction STEEL FRAME
Total area 5,061 SF
Lot 0.05 ac (2,329 SF)
Zoning code PAD
APN 304-82-972
UPID US07-1991768

Cap rate & NOI

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

Location

3980 Riggs Rd Ste, Unit 1 Chandler, AZ 85249-5413
Chandler metro Census 813600 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$882k
Blend (final) Blend
$875k

Owner & transaction history

since 2007
1 recorded transaction
2007
$657,840

Zoning & alternative use

PAD · Chandler, AZ
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 (…

General category RESIDENTIAL
Top alternative use upside
Office building $1.1M +2.6%

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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