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Property profile & analytics
OFF-MARKET
Estimated value
$3,165,000
Individual retail properties
4500 Basha Rd Chandler, AZ 85248
Entity Owned
23-yr Hold
Free & Clear
Property ID
US07-1500998
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1991
Construction
CONCRETE
Total area
8,259 SF
Lot
30.53 ac (1,329,745 SF)
Zoning code
PARK
APN
303-48-006A
UPID
US07-1500998
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
-
4500 S Basha Rd Parking Parking Lot & Garage
-
Snedigar Recreation Center Family Recreation Center
-
Snedigar Sports Complex Gym & Fitness Center Sports Field & Court
-
Baseball Field #9 Snedigar Park Sports Field & Court Sports School
-
Chandler Skatepark Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.17M
Owner & transaction history
Fulton Homes Corp · 23 yrs held
Fulton Homes Corp
since 2003
5 recorded transactions
Zoning & alternative use
PARK · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
be in accordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) ARTICLE XI. - MH-1-MOBILE HOME DISTRICT 35-1100. - Purpose. This district is intended to promote and preserve mobile home subdivision and park developments which are compatible with all surrounding areas. These developments shall provide adequate recreational, storage and servic…
Zone name
Park
General category
OPEN_SPACE
Zone area
1,127.33 ac
Source
code of ordinances
Top alternative use upside
Neighborhood: shopping center
$5.2M
+133.0%
Restaurant
$4.3M
+90.5%
Retail stores
$3.7M
+65.9%
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
GYM, HEALTH SPA
$2,250,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,245,000
Change: +133% · Conversion: Difficult
RESTAURANT
$4,285,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$3,730,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,180,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$3.17M
Range $2.85M – $3.48M · ±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
$383 / 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
Assessed value
$2,467,290
Assessed 2024
Previous assessed
$1,919,490
+28.5% YoY
Land market value
$11,263,100
Improvement market value
$5,185,501
Total market value
$16,448,601
Applied tax rate
800,302.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,259 SF
Lot
30.53 ac (1,329,745 SF)
Zoning code
PARK
APN
303-48-006A
UPID
US07-1500998
Jurisdiction
MARICOPA
Zoning & alternative use
PARK · Chandler, AZZoning PARK · permitted uses
PARK · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
be in accordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) ARTICLE XI. - MH-1-MOBILE HOME DISTRICT 35-1100. - Purpose. This district is intended to promote and preserve mobile home subdivision and park developments which are compatible with all surrounding areas. These developments shall provide adequate recreational, storage and services facilities within the development. (Ord. No. 3063, § 3, 11-18-99) 35-1101. - Use
Zone name
Park
General category
OPEN_SPACE
Zone area
1,127.33 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
RESTAURANT
Est. value
$4.3M
RETAIL STORES
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.2M
GYM, HEALTH SPA Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
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
1991
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
30.53 ac
Current owner
From public records · entity-resolved
Fulton Homes Corp
Entity
Free & Clear · 23 yrs held
Mailing address
916 N ML AVE, CHANDLER, AZ 85226-1999
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2003
$273,000
Fulton Homes Corp
Old Republic National Title
Quit Claim Deed
related
—
Apr 14, 1998
—
Chandler City (az)
Chandler Chamber Of Commerce
Quit Claim Deed
related
—
Oct 1, 1997
—
Shannon B Douds
Shannon B Douds
Quit Claim Deed
related
—
May 24, 1994
—
City Of Chanlder
Bogle Farms INC
Grant Deed
related
—
Jun 5, 1992
—
City Of Chandler
Bogle Farms INC
Grant 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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