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Property profile & analytics
FOR SALE
Industrial land
514 E Boston Cir Chandler, AZ 85225
Individually Owned
6-yr Hold
Free & Clear
Property ID
US07-3313987
For Sale
1 / 11
$1,025,000
514 E Boston Cir, Chandler, AZ 85225
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.78 ac (34,173 SF)
Zoning code
I-1
APN
303-11-017
UPID
US07-3313987
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Achyut Shrestha · 6 yrs held
Achyut Shrestha
since 2019
6 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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,027
Tax year 2023
Assessed value
$46,230
Assessed 2024
Previous assessed
$39,165
+18.0% YoY
Effective rate
4.38%
On assessed value
Land market value
$308,200
Total market value
$308,200
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Sale
Heating
NONE
Lot
0.78 ac (34,173 SF)
Zoning code
I-1
APN
303-11-017
UPID
US07-3313987
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
Achyut Shrestha
Individual
Free & Clear · 6 yrs held
Mailing address
166 W KNOX RD, TEMPE, AZ 85284-3917
Ownership since
2019
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
Nov 1, 2019
$162,500
Achyut Shrestha
Hernandez Ents LLC
Warranty Deed
—
Feb 28, 2017
—
Hernandez Enterprises LLC
Kenneth A Stout
Warranty Deed
$102,320 · Jpmorgan Chase Bank NA
May 10, 2016
$110,000
Stout,kenneth A Trust
Arizona Conference Corp Of Se
Warranty Deed
—
Oct 31, 2005
$175,000
Arizona Conference Corp Of Sevent
Layman Family Trust
Warranty Deed
$57,500 · Private Lender
Dec 10, 2004
—
Layman Trust
Layman Trust
Quit Claim Deed
related
—
Jun 29, 1993
—
Layman Family Trust
Layman
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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