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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Retail space
400 Ray Rd Chandler, AZ 85225-1917
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-1323934
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
8,984 SF
Lot
1.44 ac (62,706 SF)
Zoning code
C-N
APN
302-44-001P
UPID
US07-1323934
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
-
Phoenix Fibers Recycling Center Waste Management Facility
-
Dollar General Grocery & Convenience Store Food Market
-
Arizona Truck & Coach Painting Auto Repair Shop
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.87M
Owner & transaction history
Lone Star Lumber Az LLC · 7 yrs held
Lone Star Lumber Az LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-N · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.7M
+40.5%
Restaurant
$4.7M
+14.8%
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
RETAIL STORES
$4,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,705,000
Change: +40% · Conversion: Moderate
RESTAURANT
$4,660,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,460,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±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
$431 / 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
$16,317
Tax year 2023
Assessed value
$388,186
Assessed 2024
Previous assessed
$328,882
+18.0% YoY
Effective rate
4.20%
On assessed value
Land market value
$899,400
Improvement market value
$1,453,243
Total market value
$2,352,643
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
PACKAGE
Cooling
YES
Stories
1
Rooms
5
Bathrooms
1
Total area
8,984 SF
Lot
1.44 ac (62,706 SF)
Zoning code
C-N
APN
302-44-001P
UPID
US07-1323934
Jurisdiction
MARICOPA
Zoning & alternative use
C-N · Chandler, AZ
Zoning C-N · permitted uses
C-N · 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
RETAIL STORES Current
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
Heating
PACKAGE
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Lone Star Lumber Az LLC
Entity
Free & Clear · 7 yrs held
Mailing address
12815 168TH EDMONTON ST NW XX
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2019
$858,000
Lone Star Lumber Az LLC
Ray 400 LLC
Grant Deed
—
Apr 10, 2017
—
Ray 400 LLC
Sereno 501 LLC
Grant Deed
related
—
Dec 31, 2012
$1,075,000
Sereno 501 LLC
Nova R S Lots LLC
Grant Deed
—
Mar 24, 2006
$1,138,000
Nova R S Lots LLC
Chandler Dg LLC
Grant Deed
$700,000 · Illinois Mutual Life Insurance
Jul 1, 2005
$310,000
Chandler Dg LLC
Pfc Rental Properties
Grant Deed
$813,312 · Bank Of North Georgia
May 1, 1997
$165,000
Donald L Miller
Carl & Janet S Dudding
Grant Deed
$110,000 · Seller
Jul 15, 1996
—
Carl Dudding
Margaret S Burris
Grant Deed
related
—
Jun 28, 1996
$104,880
E P Arizona L P S
Janet S Dudding
Grant Deed
—
Feb 22, 1995
$100,000
Janet S Dudding
Blank Enterprises L P
Grant Deed
$80,000 · Seller
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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