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

    600 56th St Chandler, AZ 85226-4206

    • Industrial properties
    • 62,125 SF
    • 10.33 lot acres
    OFF-MARKET
    Last Sale
    Dec 26, 2024
    $31,000,000
    Value Estimations
    $24,655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1363026
    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

    • Gateway Optimum Transportation / Transportation Service / Transcription Service
    • Datamatx Inc / Shipping And Mailing
    • Outdoor Dimensions / Sign Shop / Manufacturer
    • DSI Builder Supply / Building Materials Store
    • Adams Disaster & Restoration / Water Damage Restoration Service

    Property Details for 600 56th St

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    10.33 lot acres
    Property size
    62,125 SF
    Zone code
    I-1
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    301-85-207
    APU
    30185207

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,308,000
      Market price range: $2.05M - $18.3M
      AI Estimate
      $18,308,000
      Market price range: $2.05M - $18.3M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $39,440,000
      RESTAURANT
      $32,240,000
      RETAIL STORES
      $28,075,000
      AUTO REPAIR, GARAGE
      $23,920,000
      WAREHOUSE, STORAGE
      $16,285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.964
    Latitude
    33.2935
    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
    $153,450
    $0.00
    $0.00
    $3,163,463
    -
    $4,358,700
    $14,813,800
    $19,172,500

    Comparable in this City

    • Value Estimation
      $3,155,000
      10,711 SF

      55 56th St

      INDUSTRIAL LOFT BUILDING • 10,711 SF
      55 56th St, Chandler, AZ 85226-3351
      View Details
    • Value Estimation
      $680,000
      6,728 SF

      7411 Boston St Ste, Unit 2

      INDUSTRIAL LOFT BUILDING • 6,728 SF
      7411 Boston St Ste, Chandler, AZ 85226-3239
      View Details
    • Value Estimation
      $2,015,000
      9,299 SF

      6290 Erie St

      INDUSTRIAL LOFT BUILDING • 9,299 SF
      6290 Erie St, Chandler, AZ 85226-2660
      View Details
    • Value Estimation
      $4,890,000
      22,957 SF

      4143 Jupiter Way

      INDUSTRIAL LOFT BUILDING • 22,957 SF
      4143 Jupiter Way, Chandler, AZ 85226-3705
      View Details
    • Value Estimation
      $1,130,000
      3,828 SF

      17046 Weber Dr

      INDUSTRIAL LOFT BUILDING • 3,828 SF
      17046 Weber Dr, Chandler, AZ 85226-4113
      View Details
    • Value Estimation by Request
      2,023 SF

      5 Roosevelt Ave

      INDUSTRIAL LOFT BUILDING • 2,023 SF
      5 Roosevelt Ave, Chandler, AZ 85226-3410
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Chandler Industrial Building with Cleanroom

      28,305 SF industrial building with cleanroom and secure storage.
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      Chandler Warehouse with Clean Room

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      39,200 SF

      Chandler Warehouse with Spec Office

      39,200 SF single-tenant building with 32' clear height.
      375 N 56Th St, Chandler, AZ 85226
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      105,000 SF

      Industrial Warehouse with Rail Access

      105,000 SF warehouse with cross-dock, rail access, yard.
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      1,070,334 SF

      Tilt-Wall Logistics and Distribution Assets

      Portfolio of eleven logistics and distribution assets with value-add opportunity.
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    Similar Nearby for Lease

    • $1.30 SF/Yr
      16,500 SF

      Chandler Industrial Space Available

      Industrial property available for lease at 56th St & Chandler Blvd.
      6700 W Chicago St, Chandler, AZ 85226
      View Details
    • $1.30 SF/Yr
      17,600 SF

      Industrial Space For Lease

      Industrial space available for lease at Frye Rd & Kyrene Rd.
      6503 W Frye Rd, Chandler, AZ 85226
      View Details
    • $1.35 SF/Yr
      17,600 SF

      Chandler Industrial Space For Lease

      Industrial space featuring I-2 zoning, ample parking, and freeway access.
      6501 W Frye Rd, Chandler, AZ 85226
      View Details
    • $1.35 SF/Yr
      18,744 SF

      Chandler Industrial Space For Lease

      Industrial space with I-2 zoning, ample parking, and freeway access.
      6509 W Frye Rd, Chandler, AZ 85226
      View Details
    • $1.40 SF/Yr
      16,500 SF

      Industrial Space For Lease

      Industrial space available for lease at 56th St & Chandler Blvd.
      6700 W Chicago St, Chandler, AZ 85226
      View Details
    • Contact for pricing
      14,200 SF

      Chandler Warehouse with Covered Parking

      14,200 SF warehouse with convenient freeway access and parking.
      6151 W Erie St, Chandler, AZ 85226
      View Details
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    600 56th St
    Chandler, AZ 85226-4206
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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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