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Property profile & analytics
FOR LEASE
Strip malls
4645 E Chandler Blvd, Phoenix, AZ 85048
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0036507
For Lease
1 / 58
$4,330,000
4645 E Chandler Blvd, Phoenix, AZ 85048
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
CONCRETE
Total area
11,384 SF
Lot
1.11 ac (48,298 SF)
Zoning code
C-2
APN
307-03-888
UPID
US07-0036507
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
-
Thai Delight Restaurant
-
Daphine Willingham - State Farm Insurance Agent Insurance Agency
-
F45 Training Ahwatukee Gym & Fitness Center
-
Bridge Wellness Center Alternative Medicine Practice
-
Sport Clips Haircuts of Ahwatukee Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$4.54M
Blend (final)
Blend
$4.33M
Owner & transaction history
Hls Investments LLC · 1 yrs held
Hls Investments LLC
since 2025
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+109.8%
Auto repair, garage
$4.8M
+66.0%
Retail stores
$3.4M
+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
$3,995,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,830,000
6.5%
$2,610,000
7%
$2,425,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,900,000
Current use
RESTAURANT
$6,080,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,810,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$3,390,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$3,020,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,955,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±10% · vs last sale $4.49M (Nov 28 2024)
Last sale anchor
$4.49M
Nov 28 2024
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
$380 / 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
$37,274
Tax year 2023
Assessed value
$547,113
Assessed 2024
Previous assessed
$490,178
+11.6% YoY
Effective rate
6.81%
On assessed value
Land market value
$1,593,800
Improvement market value
$1,722,038
Total market value
$3,315,838
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
For Lease
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
11,384 SF
Lot
1.11 ac (48,298 SF)
Zoning code
C-2
APN
307-03-888
UPID
US07-0036507
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
$2.9M
RESTAURANT
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Hls Investments LLC
Entity
Mailing address
17801 JOYAS CT, POWAY, CA 92064-1005
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Hls Investments LLC
Lance Jeffrey Stanley
Warranty Deed
—
Feb 28, 2025
$4,494,362
Lance Jeffrey Stanley
Kavaso Investments LLC
Special Warranty Deed
—
Dec 9, 2024
—
Kavaso Investments LLC
—
Deed
related
$750,000 · Elva Investments LLC
Apr 11, 2023
—
Kavaso Investments LLC
—
Deed
related
$2,600,000 · The Foothills Bank
Jan 12, 2023
$4,060,000
Kavaso Investments LLC
Koloa Ventures II LLC
Special Warranty Deed
—
Apr 18, 2017
$2,700,000
Koloa Ventures II LLC
Drof I-1 LLC
Grant Deed
$1,890,000 · Arizona Ctrl Cu
Aug 2, 2011
$1,541,359
Drof-i-1 LLC
Dp89 LLC
Grant Deed
—
May 12, 2011
—
Dp89 LLC
—
Deed Of Trust
related
$7,500,000 · Alliance Bank Of Arizona
Sep 2, 2010
—
Dp89 LLC
Shops At Kohls LLC
Grant Deed
related
—
Sep 30, 2004
$3,500,000
Shops At Kohls LLC
Lumberjack Capital LLC
Grant Deed
$2,800,000 · Lehman Brothers Bank Fsb
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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