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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Banks
4989 Ray Rd, Chandler, AZ 85226-2050
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0671440
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1997
Construction
STEEL FRAME
Total area
2,998 SF
Lot
0.87 ac (37,941 SF)
Zoning code
PAD
APN
301-67-961
UPID
US07-0671440
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
-
Angie's Lobster and Angie's Burger Restaurant
-
Wells Fargo Bank Bank Loan Service
-
Wells Fargo Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$3.42M
Owner & transaction history
Donavan D Judkins · 1 yrs held
Donavan D Judkins
since 2024
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+37.4%
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 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
$3,420,000
ML approach
$3,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,405,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10% · vs last sale $3.42M (Sep 27 2024)
Last sale anchor
$3.42M
Sep 27 2024
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
$1,141 / 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
$19,177
Tax year 2023
Assessed value
$317,591
Assessed 2024
Previous assessed
$317,591
+0.0% YoY
Effective rate
6.04%
On assessed value
Land market value
$1,133,200
Improvement market value
$791,596
Total market value
$1,924,796
Applied tax rate
280,300.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,998 SF
Lot
0.87 ac (37,941 SF)
Zoning code
PAD
APN
301-67-961
UPID
US07-0671440
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
COMMERCIAL (GENERAL)
Est. value
$2.4M
COMMERCIAL (GENERAL)
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
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Donavan D Judkins
Individual
Mailing address
835 E PARK LN, MONTECITO, CA 93108-1419
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$3,420,000
Donavan D Judkins
Ray Road Holdings LLC
Special Warranty Deed
—
Apr 12, 2024
—
Ray Road Holdings LLC
Wndg LLC
Special Warranty Deed
$1,805,000 · Ks Statebank
Jun 7, 2023
—
Wndg LLC
—
Deed
related
$1,750,000 · Salamone Trust
May 16, 2023
$200,000
Wndg LLC
Wells Fargo Bank NA
Special Warranty Deed
$1,750,000 · Bruno Salamone
Dec 8, 2009
$1,250,000
Fargo Bk NA Wells
Nellis Land LLC
Grant Deed
—
Aug 31, 2001
$465,000
Nellis Land LLC
Levitt Trust
Grant Deed
$465,000 · Levitt Trust
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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