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Property profile & analytics
OFF-MARKET
Estimated value
$10,895,000
Individual retail properties
4836 Chandler Blvd Phoenix, AZ 85048-0858
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3455681
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2002
Construction
CONCRETE
Total area
45,090 SF
Lot
5.13 ac (223,400 SF)
Zoning code
C-2
APN
301-84-726
UPID
US07-3455681
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
-
LA Fitness Gym & Fitness Center
-
Sunset Bowls (Bike/Boat/Book/etc) Store Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.90M
Owner & transaction history
Iron Courts Ahwatukee Holdings LLC · 1 yrs held
Iron Courts Ahwatukee Holdings LLC
since 2025
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Top alternative use upside
Retail stores
$13.4M
+9.4%
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
$10,895,000
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
$12,285,000
Current use
RETAIL STORES
$13,435,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$11,970,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,705,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,475,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$10.90M
Range $9.81M – $11.98M · ±10% · vs last sale $9.50M (Oct 26 2023)
Last sale anchor
$9.50M
Oct 26 2023
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
$242 / 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
$182,575
Tax year 2023
Assessed value
$2,470,304
Assessed 2024
Previous assessed
$2,118,795
+16.6% YoY
Effective rate
7.39%
On assessed value
Land market value
$4,317,000
Improvement market value
$10,654,539
Total market value
$14,971,539
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
45,090 SF
Lot
5.13 ac (223,400 SF)
Zoning code
C-2
APN
301-84-726
UPID
US07-3455681
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZZoning 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
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$12.3M
RETAIL STORES
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$12.0M
WAREHOUSE, STORAGE
Est. value
$11.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
GYM, HEALTH SPA Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.13 ac
Current owner
From public records · entity-resolved
Iron Courts Ahwatukee Holdings LLC
Entity
Mailing address
355 E OHIO ST STE #319, INDIANAPOLIS, IN 46204-2191
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
$7,500,000
Iron Courts Ahwatukee Holdings LLC
Innovative Property Holdings LLC
Warranty Deed
$6,000,000 · Lincoln Capital Management LLC
Oct 26, 2023
$9,500,000
Innovative Property Holdings LLC
Elze LLC
Special Warranty Deed
—
Jul 29, 2009
—
Elze LLC
Morgenstern Trust
Quit Claim Deed
related
—
Apr 20, 2009
—
Morgenstern Trust
Morgenstern Trust
Quit Claim Deed
related
—
Oct 30, 2008
—
Doris Lenahan
Morgenstern Trust
Quit Claim Deed
related
—
Jan 30, 2008
—
Morgenstern Trust
Morgenstern,wolfgang A
Affidavit Of Death
related
—
Oct 15, 2003
$8,600,000
Morgenstern,tr
Orsett/fvv Laf LLC
Grant Deed
—
Oct 18, 2001
—
Orsett/er LLC
Orsett/michaels Properties LP
Quit Claim Deed
related
—
Oct 18, 2001
$1,340,590
Orsett/fv Laf LLC
Orsett/er LLC
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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