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Property profile & analytics
OFF-MARKET
Estimated value
$7,570,000
Flex space
6700 Chicago St Chandler, AZ 85226-3336
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0897188
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
CONCRETE
Total area
22,590 SF
Lot
3.41 ac (148,750 SF)
Zoning code
I-2
APN
301-86-051
UPID
US07-0897188
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
-
Riviera Coffee Company, Inc. Industrial Manufacturer Production Facility
-
Spec Enterprise LLC Industrial Manufacturer
-
PANCETTA HOLDINGS, LLC Auto Parts Store
-
Armor Plate Auto Parts Store
-
Large Wall Push Pin World Map Canvas and Poster Prints Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.66M
Blend (final)
Blend
$7.57M
Owner & transaction history
Pegasus Chandler Gilbert Owner LLC · 4 yrs held
Pegasus Chandler Gilbert Owner LLC
since 2021
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
I-2 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.7M
+228.9%
Retail stores
$10.2M
+186.4%
Auto repair, garage
$8.7M
+144.0%
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
$7,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,725,000
Change: +229% · Conversion: Difficult
RETAIL STORES
$10,210,000
Change: +186% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,700,000
Change: +144% · Conversion: Easy
WAREHOUSE, STORAGE
$5,920,000
Change: +66% · Conversion: Easy
OFFICE BUILDING
$5,140,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$7.57M
Range $6.81M – $8.33M · ±10% · vs last sale $8.29M (Oct 15 2021)
Last sale anchor
$8.29M
Oct 15 2021
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
$335 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$42,261
Tax year 2023
Assessed value
$1,040,556
Assessed 2024
Previous assessed
$781,643
+33.1% YoY
Effective rate
4.06%
On assessed value
Land market value
$1,489,800
Improvement market value
$4,816,600
Total market value
$6,306,400
Applied tax rate
280,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
22,590 SF
Lot
3.41 ac (148,750 SF)
Zoning code
I-2
APN
301-86-051
UPID
US07-0897188
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Chandler, AZ
Zoning I-2 · permitted uses
I-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.7M
RETAIL STORES
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.1M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
3.41 ac
Current owner
From public records · entity-resolved
Pegasus Chandler Gilbert Owner LLC
Entity
Mailing address
8888 E RAINTREE DR STE #155, SCOTTSDALE, AZ 85260-3952
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$8,292,000
Pegasus Chandler Gilbert Owner LLC
Chicago Street Business Park LLC
Special Warranty Deed
—
Apr 30, 2021
—
Chicago Street Business Park LLC
Presson Corporation
Special Warranty Deed
—
Nov 28, 2017
—
Presson Corp
—
Deed
related
$2,800,000 · Keybank USA
Jan 13, 2017
—
Presson Corp
Presson Advisory LLC
Quit Claim Deed
—
Jan 13, 2017
$627,046
Presson Corp
Derik Ventures INC
Grant Deed
—
Mar 22, 1993
—
Presson,advisory LLC
Presson Corp
Quit Claim Deed
related
$1,100,000 · First National Bank
Aug 19, 1992
—
Presson Corp
Sunvest Cities L
Grant Deed
related
—
Dec 28, 1990
$955,000
Cities I Sunvest
Sunvest Cities L
Grant Deed
related
—
May 8, 1989
$500,000
Cities L Sunvest
—
Deed Of Trust
related
—
Sep 21, 1987
$2,259,783
241 North Centra
—
Grant Deed
related
—
Sep 1, 1987
$2,259,783
Valley Natio
Reeve
Grant Deed
related
—
—
—
Presson Advisory LLC
—
Deed Of Trust
related
$525,000 · Derik Ventures INC
—
—
Presson Corp
—
Deed Of Trust
related
$2,800,000 · Keybank USA
—
—
Presson Advisory LLC
—
Deed Of Trust
related
$1,617,000 · Bankers Trust Co
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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