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Property profile & analytics
OFF-MARKET
Estimated value
$17,620,000
Medical Office Space
485 Dobson Rd, Chandler, AZ 85224-5602
Individually Owned
7-yr Hold
Free & Clear
Property ID
US07-1147118
Property summary
AI-generated overview
The Chandler Medical Building, a two-story medical office property totaling 43,376 square feet, offers exceptional opportunities for medical professionals. Strategically located on the campus of Chandler Regional Medical Center in Maricopa County, Arizona, this building boasts high visibility with frontage on Dobson Road and convenient access via the main hospital entrance. Currently, two suites are immediately available, ranging in size from 1,756 to 4,576 square feet, providing flexibility for various practice needs. The suites are situated on the second floor, offering a desirable location within the building. The property's prime location within a thriving medical campus ensures high patient traffic and a strong professional network. This is an excellent opportunity to establish or expand a medical practice in a highly sought-after area of Chandler, Arizona, with the convenience and prestige associated with a hospital campus location. The property's address is 485 S Dobson Rd, Chandler, AZ 85224. The building is classified as multi-tenant office space.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
45,280 SF
Lot
2.97 ac (129,547 SF)
Zoning code
PAD
APN
303-23-004A
UPID
US07-1147118
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
-
Gentle Dental Chandler Dental Office
-
Dignity Health Medical Group Surgical Specialties - Chandler Regional Medical Clinic Hospital
-
Dignity Health Norton Thoracic Institute - Chandler Medical Clinic
-
Southwest Kidney Institute, PLC Physician Medical Clinic
-
Dr. Peter Seipel Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.62M
Blend (final)
Blend
$17.62M
Owner & transaction history
Dignity Community Care · 7 yrs held
Dignity Community Care
since 2019
7 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$28.7M
+167.6%
Restaurant
$23.5M
+118.8%
Retail stores
$20.5M
+90.5%
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
MEDICAL BUILDING
$10,740,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$28,745,000
Change: +168% · Conversion: Difficult
RESTAURANT
$23,500,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$20,465,000
Change: +91% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,435,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$17.62M
Range $15.86M – $19.38M · ±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
$389 / 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
$27,948
Tax year 2023
Assessed value
$2,109,492
Assessed 2024
Previous assessed
$1,792,140
+17.7% YoY
Effective rate
1.32%
On assessed value
Land market value
$1,669,100
Improvement market value
$11,115,700
Total market value
$12,784,800
Applied tax rate
800,300.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
2
Total area
45,280 SF
Lot
2.97 ac (129,547 SF)
Zoning code
PAD
APN
303-23-004A
UPID
US07-1147118
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chandler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$10.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.7M
RESTAURANT
Est. value
$23.5M
RETAIL STORES
Est. value
$20.5M
AUTO REPAIR, GARAGE
Est. value
$17.4M
MEDICAL BUILDING 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
1999
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
2.97 ac
Current owner
From public records · entity-resolved
Dignity Community Care
Individual
Free & Clear · 7 yrs held
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2019
$118,100,271
Dignity Community Care
Dignity Health
Grant Deed
—
May 15, 2017
$12,400,000
Hta-chandler Medical LLC
Chandler Mob LLC
Grant Deed
—
Oct 30, 2013
$6,570,188
Chandler Mob LLC
Elpf Chandler 485 South Do
Grant Deed
—
Nov 4, 2003
$5,500
Chandler 485 South Dobson Pmb
Catholic Healthcare West
Grant Deed
$16,072,000 · Morgan Stanley Mtg Capital INC
May 2, 2000
—
Chandler Medical Office Bldg
Us Bank Trust NA Trustee
Grant Deed
related
—
Nov 19, 1993
$3,000,000
Chandler Medical Office Building
Chandler Med Bld
Grant Deed
related
$3,630,000 · Bank Of America
—
—
Chandler Mob LLC
—
Deed Of Trust
related
$58,000,000 · Jp Morgan Chase Bank NA
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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