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Property profile & analytics
OFF-MARKET
Estimated value
$4,585,000
Strip malls
4142 Chandler Blvd, Phoenix, AZ 85048-8880
Individually Owned
21-yr Hold
Free & Clear
Property ID
US07-3454451
Property summary
AI-generated overview
This exceptional 13,934 square foot retail property, situated on a 1.6-acre lot at 4142 E Chandler Blvd in Phoenix, Arizona's Ahwatukee Foothills submarket, presents a compelling investment opportunity. Boasting a prominent Chandler Boulevard frontage, this single-story, multi-tenant center features four tenants and ample parking (3.03 spaces per 1,000 square feet). Built in 1998, the property is zoned C-2, allowing for diverse commercial uses. The property's location within a thriving business district ensures high visibility and accessibility. The meticulously maintained building offers a versatile canvas for various business ventures, making it an ideal investment for those seeking a strong return in a dynamic market. The property's Assessed Parcel Number (APN) is 301-83-962. This is a NNN lease type investment. The property's prime location and strong tenant occupancy make it a highly attractive investment opportunity in the Phoenix area. Contact for pricing.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
CONCRETE
Total area
13,204 SF
Lot
1.6 ac (69,652 SF)
Zoning code
C-2
APN
301-83-962
UPID
US07-3454451
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
-
Jasmine spa Experience INC. Alternative Medicine Practice Spa & Massage Center
-
Print Smart (Bike/Boat/Book/etc) Store Printing Service
-
CK's Tavern & Grill Bar & Pub Restaurant
-
Wookie Style Tattoos Tattoo & Piercing Shop
-
League Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$4.59M
Owner & transaction history
Multilateral Ptrs Phoenix Inco · 21 yrs held
Multilateral Ptrs Phoenix Inco
since 2005
4 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.1M
+109.8%
Auto repair, garage
$5.6M
+66.0%
Retail stores
$3.9M
+17.1%
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
$3,360,000
Current use
RESTAURANT
$7,050,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,580,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$3,935,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$3,505,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,425,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,905,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.59M
Range $4.13M – $5.04M · ±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
$347 / 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
$35,668
Tax year 2023
Assessed value
$578,961
Assessed 2024
Previous assessed
$511,938
+13.1% YoY
Effective rate
6.16%
On assessed value
Land market value
$1,919,100
Improvement market value
$1,589,752
Total market value
$3,508,852
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
Off-Market
Year built
1998
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
13,204 SF
Lot
1.6 ac (69,652 SF)
Zoning code
C-2
APN
301-83-962
UPID
US07-3454451
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
$3.4M
RESTAURANT
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RETAIL STORES
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1998
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Multilateral Ptrs Phoenix Inco
Individual
Free & Clear · 21 yrs held
Mailing address
7825 FAY AVE STE #200, LA JOLLA, CA 92037-4270
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2005
$2,713,600
Multilateral Ptrs Phoenix Inco
Dsg Trust
Grant Deed
—
Apr 16, 2004
$1,800,000
Goldberg,tr
Klum & Drew Enterprises LLC
Grant Deed
$1,240,000 · Irwin Union Bank Fsb
May 19, 1999
$1,700,000
Klump & Drew Enterprises LLC
Zmr INC
Grant Deed
$1,085,000 · Commercial Federal Bank
Jul 16, 1997
$467,321
Z M R INC
A G Land Associates L L C
Grant Deed
$142,500 · Liberty Bank & Trust Co
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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