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    Property profile & analytics
    OFF-MARKET Estimated value $4,540,000
    Strip malls

    4647 Chandler Blvd, Phoenix, AZ 85048-0434

    20,038 SF 2.48 ac lot Built 2003
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US07-3368977
    Property summary
    AI-generated overview

    Vabene Plaza, a single-story retail center in Phoenix's desirable submarket, presents a compelling investment opportunity. Built in 2003, this 20,400 square foot property sits on a 2.49-acre lot (108,209 square feet) at the southwest corner of Chandler Boulevard and 48th Street, boasting excellent street access and visibility. The center enjoys high traffic counts, exceeding 100,000 vehicles daily, and benefits from a shadow anchor, Kohl's department store. Currently, there are three available retail spaces ranging from 1,220 to 2,650 square feet, totaling 5,090 square feet of vacant space. The property features a total of nine suites, offering flexibility for various retail concepts. The location is further enhanced by a dense daytime employment population, ensuring a strong customer base. This well-maintained property offers a unique chance to establish or expand a retail presence in a thriving Phoenix location. The minimum divisible space is 1,220 square feet.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2003
    Construction CONCRETE
    Total area 20,038 SF
    Lot 2.48 ac (107,931 SF)
    Zoning code C-2
    APN 307-03-893
    UPID US07-3368977
    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
    • BLK LBL Fitness Club Gym & Fitness Center
    • AZ Boot Bootique Clothing & Fashion Store
    • Samaritan Funeral and Cremation Services Social Service Agency
    • Connected Health Phoenix Alternative Medicine Practice
    • Va Bene Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.60M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.54M
    Owner & transaction history
    Cimarron Jones Properties LLC · 3 yrs held
    Cimarron Jones Properties LLC
    since 2022
    Last sale
    $4.7M
    7 recorded transactions
    2022
    $4.7M
    2016
    2013
    $1.7M
    2012
    $2.8M
    2003
    1969
    1969
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $6.0M +17.1%
    Medical building $5.3M +4.3%
    Warehouse, storage $5.2M +2.0%
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