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    4804 E Chandler Blvd Phoenix, AZ 85048

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    Property profile & analytics

    4804 E Chandler Blvd Phoenix, AZ 85048

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    • Strip malls
    • 11,808 SF
    • 1.38 lot acres
    For Lease
    $2,985,000
    View Listing →
    Retail Space on Chandler Boulevard For Lease
    $2,985,000
    1,940 SF

    Retail Space on Chandler Boulevard

    1,940 SF retail space available on Chandler Boulevard.

    4804 E Chandler Boulevard, Phoenix, AZ 85048
    View Listing
    Property ID
    US07-3306497
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,985,000
    Cap Rate Potential
    6.1%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • ZK Grill / Restaurant
    • WhereUBean Coffee / Cafe & Coffee Shop
    • The Reptile Store / (Bike/Boat/Book/etc) Store / Pet Store
    • The Dugout Sports Grill / Restaurant
    • Super Class Reflexology / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 4804 E Chandler Blvd

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    1.38 lot acres
    Property size
    11,808 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    301-84-723
    APU
    30184723

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,895,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,935,000
      6.5%
      $2,705,000
      7%
      $2,515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,150,000
      Market price range: $1.28M - $4.85M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,005,000
      Current use
      RETAIL STORES
      $3,520,000
      Change: +17% Conversion: Easy
      MEDICAL BUILDING
      $3,135,000
      Change: +4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,065,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,600,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.98
    Latitude
    33.3058
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,312
    $0.00
    $0.00
    $550,557
    -
    $1,987,800
    $1,348,911
    $3,336,711

    Comparable in this City

    • Value Estimation
      $3,690,000
      8,475 SF

      1244 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 8,475 SF
      1244 Chandler Blvd, Phoenix, AZ 85048-4600
      View Details
    • Value Estimation
      $1,950,000
      4,480 SF

      4605 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 4,480 SF
      4605 Chandler Blvd, Phoenix, AZ 85048-0433
      View Details
    • Value Estimation
      $3,015,000
      11,312 SF

      3941 Chandler Blvd Ste, Unit 106

      SHOPPING CENTER, STRIP CENTER • 11,312 SF
      3941 Chandler Blvd Ste, Phoenix, AZ 85048-0301
      View Details
    • Value Estimation
      $7,160,000
      20,750 SF

      4206 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 20,750 SF
      4206 Chandler Blvd, Phoenix, AZ 85048-8873
      View Details
    • Value Estimation
      $4,585,000
      13,204 SF

      4142 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 13,204 SF
      4142 Chandler Blvd, Phoenix, AZ 85048-8880
      View Details
    • Value Estimation
      $4,155,000
      19,168 SF

      3961 Chandler Blvd

      SHOPPING CENTER, STRIP CENTER • 19,168 SF
      3961 Chandler Blvd, Phoenix, AZ 85048-0303
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,934 SF

      Ahwatukee Strip Center Investment Opportunity

      Fully occupied strip center in Ahwatukee neighborhood with upside potential.
      4142 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      2,002 SF

      Phoenix Auto and Pet Wash

      State-of-the-art car and pet wash in Phoenix metro.
      15625 S 32Nd St, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      3,825 SF

      Phoenix Restaurant Investment Opportunity

      Restaurant property with lease in place and income growth.
      4916 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      5,172 SF

      Retail Ground Lease For Sale

      15-year ground lease available in Phoenix, Arizona.
      3956 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • $1,874,070

      Freestanding Industrial Building For Sale

      Freestanding industrial building with showroom and covered parking.
      3838 E Grove St, Phoenix, AZ 85048
      View Details
    • $695,000
      1.25 Acres

      Ahwatukee Foothills Land Opportunity

      1.25 acre lot with included home design plans.
      15840 S 22Nd St, Phoenix, AZ 85048
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center with Excellent Signage

      Multi-tenant retail center with suites available for lease.
      4206 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • $16 SF/Yr
      1,118 SF

      Retail Space in Busy Center

      Retail space available in a busy, anchored shopping center.
      2436 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      2,048 SF

      Retail Space in Busy Center

      Retail space available in a busy shopping center.
      4910 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing

      Ahwatukee Retail Space Available

      Retail space available in Ahwatukee Kohl's Shopping Center.
      4645 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in Phoenix, Arizona shopping center.
      4025 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    • Contact for pricing
      1,867 SF

      Retail Space in High Traffic Area

      Retail space available in a major shopping center.
      4929 E Chandler Blvd, Phoenix, AZ 85048
      View Details
    View Listing
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    Phoenix, AZ 85048
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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