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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Medical Office Space
4045 Chandler Blvd 101, Chandler, AZ 85226-3732
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-1542206
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
CONCRETE
Total area
4,588 SF
Lot
0.05 ac (2,144 SF)
Zoning code
PAD
APN
301-89-977
UPID
US07-1542206
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
-
Brain and Spine Center Physician
-
Angela Rush Physician
-
Anjanette Kibby Physician
-
Jacqueline Murphy Physician
-
Dr. Hemant Pandey Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$850k
Owner & transaction history
Elenes LLC · 10 yrs held
Elenes LLC
since 2015
7 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+24.1%
Office building
$1.0M
+7.7%
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
MEDICAL BUILDING
$970,000
Current use
WAREHOUSE, STORAGE
$1,205,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,045,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$185 / 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
$4,139
Tax year 2023
Assessed value
$92,681
Assessed 2024
Previous assessed
$75,786
+22.3% YoY
Effective rate
4.47%
On assessed value
Land market value
$112,300
Improvement market value
$449,400
Total market value
$561,700
Applied tax rate
280,300.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,588 SF
Lot
0.05 ac (2,144 SF)
Zoning code
PAD
APN
301-89-977
UPID
US07-1542206
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · 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
MEDICAL BUILDING Current
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Elenes LLC
Entity
Mailing address
4045 W CHANDLER BLVDF, CHANDLER, AZ 85226-3732
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Brain And Spine Center Of Arizona P
—
Deed
related
$429,000 · Western Alliance Bank
May 18, 2017
—
Brain And Spine Center Of Arizona P
—
Deed
related
$501,000 · Cdc Small Business Finance Corp
Aug 19, 2016
—
Brain & Spine Center Of Arizona Plc
—
Deed
related
$504,000 · Western Alliance Bank
Sep 16, 2015
$1,000,000
Elenes LLC
Pathfinder Trf Four LLC
Special Warranty Deed
$800,000 · First Citizens Bank & Trust Co
Sep 28, 2012
$527,620
Pathfinder Trf Four LLC
California Bk & Trust
Grant Deed
—
Feb 24, 2012
$456,926
California Bk & Trust
Security Title Agency INC
Trustees Deed
related
—
Aug 12, 2005
$858,330
Soman Philips Properties LLC
Mcchandler INC
Grant Deed
related
$1,157,000 · California Bank & Trust
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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