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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5670 Chandler Blvd Chandler, AZ 85226

    • Office buildings
    • 56,684 SF
    • 4.49 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1565811
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Everspin Technologies Inc / Semi Conductor Supplier
    • Firefly / Technical School / Adult Education School

    Property Details for 5670 Chandler Blvd

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    4.49 lot acres
    Property size
    56,684 SF
    Zone code
    PAD
    Property type
    Office buildings
    APN
    301-87-988
    APU
    30187988

    Description

    Chandler Midway Corporate Center offers a prime office opportunity in Maricopa County. This Class B office park, constructed in 2008, comprises two two-story buildings situated at the northeast corner of West Chandler Boulevard and North Gila Springs Boulevard. Currently, one space totaling 12,394 square feet is available for lease. The property features a traditional office layout, but is also suitable for executive or creative office uses, making it versatile for a variety of businesses. Its convenient location offers easy access to major transportation arteries, placing it approximately 17 minutes from Sky Harbor International Airport and approximately 15 minutes from Chandler Regional Hospital. The surrounding area boasts numerous lifestyle centers with ample retail and dining options, providing employees with convenient amenities. This strategic location also benefits from proximity to prominent corporate neighbors, including Intel, eBay/PayPal, Bank of America, and ASML, fostering a thriving business environment. The property's multiple tenancy structure allows for flexibility in lease terms and space configuration. This is an exceptional opportunity to establish a presence in a well-established and desirable business park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,869,000
      Market price range: $9.14M - $17.9M
      AI Estimate
      $17,869,000
      Market price range: $9.14M - $17.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,895,000
      Current use
      RESTAURANT
      $29,415,000
      Change: +128% Conversion: Moderate
      RETAIL STORES
      $25,615,000
      Change: +99% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $21,825,000
      Change: +69% Conversion: Difficult
      WAREHOUSE, STORAGE
      $14,860,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $11,975,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.939
    Latitude
    33.3076
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $93,826
    $0.00
    $0.00
    $2,247,243
    -
    $2,215,200
    $11,404,454
    $13,619,654

    Comparable in this City

    • Value Estimation
      $775,000
      4,814 SF

      40 Kyrene Rd Ste, Unit 3

      OFFICE BUILDING • 4,814 SF
      40 Kyrene Rd Ste, Chandler, AZ 85226-4675
      View Details
    • Value Estimation
      $2,125,000
      7,052 SF

      5550 Chandler Blvd Ste, Unit 3

      OFFICE BUILDING • 7,052 SF
      5550 Chandler Blvd Ste, Chandler, AZ 85226-3737
      View Details
    • Value Estimation
      $775,000
      4,814 SF

      30 Kyrene Rd Ste, Unit 3

      OFFICE BUILDING • 4,814 SF
      30 Kyrene Rd Ste, Chandler, AZ 85226-4722
      View Details
    • Value Estimation
      $1,510,000
      9,360 SF

      60 Kyrene Rd Ste, Unit 4

      OFFICE BUILDING • 9,360 SF
      60 Kyrene Rd Ste, Chandler, AZ 85226-4685
      View Details
    • Value Estimation
      $555,000
      1,764 SF

      225 Roosevelt Ave

      OFFICE BUILDING • 1,764 SF
      225 Roosevelt Ave, Chandler, AZ 85226-3418
      View Details
    • Value Estimation
      $1,510,000
      9,360 SF

      Chandler, AZ 85226

      OFFICE BUILDING • 9,360 SF
      Chandler, AZ 85226
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      58,697 SF

      Chandler Office Building For Rent

      Class A office building in a bustling southeast valley location.
      350 N Mcclintock Dr, Chandler, AZ 85226
      View Details
    • $32 SF/Yr

      Multi-Tenant Office Buildings For Rent

      Multi-tenant office buildings in a campus-like environment, Chandler, Arizona.
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      View Details
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      250,630 SF

      Class A Office Sublease

      Premier Chandler office building with modern interiors and collaborative amenities.
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    • Contact for pricing
      250,630 SF

      Class A Office Sublease

      Premier Chandler office building with modern interiors and collaborative amenities.
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    • $27 SF/Yr
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      Chandler Office Space Available

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      View Details
    • $1.55 SF/Yr
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      Chandler Flex Space Available

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      View Details
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    5670 Chandler Blvd
    Chandler, AZ 85226
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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