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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Distribution centers
505 Boston Cir Chandler, AZ 85225-5563
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-0926287
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Total area
5,161 SF
Lot
0.95 ac (41,317 SF)
Zoning code
I-1
APN
303-11-020
UPID
US07-0926287
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
-
Integrated Support Systems Big Box & Wholesale Store Building Supply
-
Pierce Machinery Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.44M
Owner & transaction history
Pacific Desert L L C · 8 yrs held
Pacific Desert L L C
since 2018
7 recorded transactions
Zoning & alternative use
I-1 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
cordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1405. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XV. - I-1-PLANNED INDUSTRIAL DISTRICT 35-1500. - Purpose. This district is intended to accommodate those light industrial uses which are not offen…
Zone name
Planned Industrial
General category
INDUSTRIAL
Zone area
983.32 ac
Source
code of ordinances
Top alternative use upside
Retail stores
$2.3M
+147.9%
Auto repair, garage
$2.0M
+111.3%
Medical building
$1.1M
+15.9%
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
WAREHOUSE, STORAGE
$940,000
Current use
RETAIL STORES
$2,330,000
Change: +148% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,985,000
Change: +111% · Conversion: Easy
MEDICAL BUILDING
$1,090,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$965,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$278 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,535
Tax year 2022
Assessed value
$215,160
Assessed 2024
Previous assessed
$169,813
+26.7% YoY
Effective rate
4.43%
On assessed value
Land market value
$361,200
Improvement market value
$942,800
Total market value
$1,304,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
5,161 SF
Lot
0.95 ac (41,317 SF)
Zoning code
I-1
APN
303-11-020
UPID
US07-0926287
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Chandler, AZZoning I-1 · permitted uses
I-1 · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
cordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1405. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XV. - I-1-PLANNED INDUSTRIAL DISTRICT 35-1500. - Purpose. This district is intended to accommodate those light industrial uses which are not offensive to nearby agricultural, residential, commercial or other uses and for business
Zone name
Planned Industrial
General category
INDUSTRIAL
Zone area
983.32 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$940,000
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$965,000
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1981
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Pacific Desert L L C
Individual
Mailing address
503-505 E BOSTON CIR, CHANDLER, AZ 85225
Ownership since
2018
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
Apr 20, 2022
—
Pacific Desert LLC
—
Deed
related
$740,000 · First Fidelity Bank
Apr 16, 2018
—
Pacific Desert L L C
—
Deed
related
$542,000 · Western Alliance Bank
Jan 10, 2018
$129,372
Pacific Desert L L C
Eric J Cassinat
Special Warranty Deed
$250,000 · Western Alliance Bank
Nov 1, 2017
—
Ezm INC
Ep Eclipse LLC
Re-recorded Document
related
—
May 17, 2016
—
Ezm INC
Ep Eclipse LLC
Quit Claim Deed
related
—
May 7, 2007
$1,000,000
Ep Eclipse LLC
Cassinat,eric J & Susan D
Warranty Deed
$1,000,000 · Investment Property Exchange
Mar 22, 1990
$210,626
Eric J Cassinat
Agricultural Sup
Grant Deed
$145,000 · Arizona Commerce Bank
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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