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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Grocery and convenience stores
492 Ray Rd Chandler, AZ 85225-1917
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1330778
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1972
Construction
CONCRETE
Total area
2,781 SF
Lot
0.39 ac (16,773 SF)
Zoning code
C-1
APN
302-44-039B
UPID
US07-1330778
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
-
Carniceria El Herradero Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$770k
Owner & transaction history
Three Strand Partnership LLC · 4 yrs held
Three Strand Partnership LLC
since 2022
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
C-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $800k (Feb 4 2022)
Last sale anchor
$800k
Feb 4 2022
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
$277 / 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
$4,881
Tax year 2023
Assessed value
$79,587
Assessed 2024
Previous assessed
$62,254
+27.8% YoY
Effective rate
6.13%
On assessed value
Land market value
$298,600
Improvement market value
$183,746
Total market value
$482,346
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
2,781 SF
Lot
0.39 ac (16,773 SF)
Zoning code
C-1
APN
302-44-039B
UPID
US07-1330778
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Chandler, AZ
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Three Strand Partnership LLC
Entity
Mailing address
608 E APPALOOSA RD, GILBERT, AZ 85296-2901
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
$800,000
Three Strand Partnership LLC
Seth Family Limited Partnership
Special Warranty Deed
$550,000 · Seth Family Limited Partnership
Mar 3, 1998
$245,000
Seth Family LP
Lok,bruce
Grant Deed
$183,000 · Firstar Metropolitan Bank & Tr
Sep 7, 1990
$90,000
Corey Shelzi
Ossello
Grant Deed
$65,000 · Seller
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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