Property profile

485 S Dobson Rd Chandler, AZ 85224

FOR LEASE
Medical Office Space
Property ID
US07-1147118
45,280 SF 2.97 ac lot Built 1999
Individually Owned 7-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Dental Office
  • Medical Clinic Hospital
  • Medical Clinic
  • Physician Medical Clinic
  • Physician

Location

485 S Dobson Rd Chandler, AZ 85224
Chandler metro Census 523103 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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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

since 2019
7 recorded transactions
2019
$118.1M
2017
$12.4M
2013
$6.6M
2003
$5,500
2000
Price N/A
1993
$3.0M
1969
Price N/A

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL
Top alternative use upside
Neighborhood: shopping center $28.7M +167.6%
Restaurant $23.5M +118.8%
Retail stores $20.5M +90.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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