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Property profile & analytics
OFF-MARKET
Estimated value
$15,255,000
Strip malls
5025 Gilbert Rd Chandler, AZ 85249-5712
Entity Owned
4-yr Hold
Property ID
US07-2299160
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Total area
10,298 SF
Lot
4.03 ac (175,758 SF)
Zoning code
PAD
APN
304-82-986
UPID
US07-2299160
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
-
Athletico Physical Therapy - Chandler Heights Medical Clinic
-
Logic Nails Nail Salon
-
Pita Jungle Take-out & Catering Catering Service
-
Rapha Tea Boba Tea House Cafe & Coffee Shop
-
F45 Training Chandler Steelyard Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.62M
Blend (final)
Blend
$15.26M
Owner & transaction history
Norman Cienega Property Group LLC · 4 yrs held
Norman Cienega Property Group LLC
since 2022
Last sale
$17.4M
7 recorded transactions
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses sha…
Zone name
Planned Area Development
General category
RESIDENTIAL
Zone area
27,277.66 ac
Source
code of ordinances
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
$15,885,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.26M
Range $13.73M – $16.78M · ±10% · vs last sale $17.35M (Mar 21 2022)
Last sale anchor
$17.35M
Mar 21 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
$1,481 / 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
$52,060
Tax year 2023
Assessed value
$1,217,789
Assessed 2024
Previous assessed
$902,292
+35.0% YoY
Effective rate
4.27%
On assessed value
Land market value
$2,643,300
Improvement market value
$4,737,241
Total market value
$7,380,541
Applied tax rate
800,306.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
REFRIGERATOR
Buildings
3
Stories
1
Units
3
Total area
10,298 SF
Lot
4.03 ac (175,758 SF)
Zoning code
PAD
APN
304-82-986
UPID
US07-2299160
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZZoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses shall be permitted within the AP-1 zoning district as principal uses: (1) Airport stru
Zone name
Planned Area Development
General category
RESIDENTIAL
Zone area
27,277.66 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
4.03 ac
Current owner
From public records · entity-resolved
Norman Cienega Property Group LLC
Entity
Mailing address
659 N ROBERTSON BLVD, WEST HOLLYWOOD, CA 90069-5016
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Ji LLC
—
Deed
related
$10,000,000 · Nano Banc
May 16, 2022
—
Norman Cienega Property Group LLC
—
Deed
related
$11,000,000 · Bank Of America NA
Mar 21, 2022
$17,354,000
Norman Cienega Property Group LLC
Simoncre Torreon IV LLC
Special Warranty Deed
$6,654,000 · Bank Of America NA
Apr 15, 2021
—
Simoncre Torreon IV LLC
—
Deed
related
$9,976,500 · Academy Bank NA
Nov 20, 2019
$2,250,000
Simoncre Torreon IV LLC
Height Chandier
Grant Deed
$8,313,750 · Academy Bk
Apr 26, 2019
$2,250,000
Chandler Height & Gilbert R
Riggs Family Trust
Grant Deed
$1,500,000 · First Fidelity Bk
Apr 26, 2019
—
Riggs Family Trust
Darnall L Riggs
Quit Claim Deed
related
—
Jan 18, 2019
—
Bobby O Thrasher
Prestige Holdings LLC
Correction Deed
related
—
Mar 1, 2013
—
Riggs,darnall L & Ahtanya R
Danny R Riggs
Quit Claim Deed
related
—
Oct 9, 2007
$287,750
Riggs,darnall L & Ahtanya R
Danny R Riggs
Quit Claim 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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