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Property profile & analytics
OFF-MARKET
Office buildings
598 Chandler Blvd Chandler, AZ 85225-7531
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3333625
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
CONCRETE
Total area
2,044 SF
Lot
0.21 ac (9,339 SF)
Zoning code
SF-8.5
APN
302-60-024
UPID
US07-3333625
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
-
James auto sales Car Dealership
-
Los Perez Tire Shop (Bike/Boat/Book/etc) Store Auto Parts Store
-
Advanced Wellness Behavioral Health Medical Clinic
-
The Chandler psychics Spiritual Center
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
Michael R Hegland · 2 yrs held
Michael R Hegland
since 2024
Last sale
$235,000
7 recorded transactions
Zoning & alternative use
SF-8.5 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,158
Tax year 2022
Assessed value
$70,307
Assessed 2024
Previous assessed
$70,307
+0.0% YoY
Effective rate
3.07%
On assessed value
Land market value
$183,000
Improvement market value
$243,100
Total market value
$426,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,044 SF
Lot
0.21 ac (9,339 SF)
Zoning code
SF-8.5
APN
302-60-024
UPID
US07-3333625
Jurisdiction
MARICOPA
Zoning & alternative use
SF-8.5 · Chandler, AZ
Zoning SF-8.5 · permitted uses
SF-8.5 · 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.
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Michael R Hegland
Individual
Mailing address
598 W CHANDLER BLVD, CHANDLER, AZ 85225-7531
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
—
Michael R Hegland
Mike Hegland
Intrafamily Transfer
related
—
Oct 14, 2020
—
Arizona Hard Money Lndg LLC
Buy Az Consulting Firm LLC
Warranty Deed
related
—
Sep 25, 2015
$235,000
Mike Hegland
Chandler 1954 LLC
Warranty Deed
—
Feb 3, 2006
—
Chandler 1954 LLC
Redding,charles A & Jacqueline A
Warranty Deed
—
Jun 23, 2005
$305,000
Charles A Redding
Tilton,tamra
Warranty Deed
$244,000 · Western National Bank
Dec 30, 2003
$220,000
Tamra Tilton
Barnes,bruce L & Helen L
Grant Deed
$179,000 · First National Bank Arizona
May 11, 2001
$200,000
Bruce L Barnes
Barnes,michael D & Celia M
Grant Deed
related
$170,000 · Wells Fargo Bank Arizona
Oct 17, 1997
$149,900
Tor Corp
Cynthia Vigueras
Grant Deed
$145,000 · National Bank Canada
Dec 20, 1993
$75,900
Cynthia Vigueras
Lafitte Trust
Grant Deed
$60,700 · Norwest Mortgage INC
Oct 14, 1992
—
Lafitte,trust
Lafitte
Quit Claim Deed
related
—
—
—
Chandler 1954 LLC
—
Deed Of Trust
related
$125,108 · Robert Sweeney
—
—
Chandler 1954 LLC
—
Deed Of Trust
related
$75,000 · Michael J Kelchak
—
—
Michael Hegland
—
Deed Of Trust
related
$185,000 · Bell St Bk&tr
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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