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Property profile & analytics
FOR SALE
Commercial real estate

6909 West Ray Rd Chandler, AZ 85226

1.62 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US07-2127975
Property summary
AI-generated overview

This 7,754-square-foot retail storefront, located at 6909 W Ray Rd in Chandler, Arizona (zip code 85226, APN 301-68-981), presents a unique investment opportunity. Built in 1996, this single-story, fee-simple property boasts a 100% occupancy rate and is situated on a prominent corner lot within a high-traffic area. Currently configured as a showroom with ample storage, restrooms, and multiple entrances, the space offers flexibility for various retail uses. The existing tenant, a flooring company, is willing to vacate, opening the door for diverse possibilities, including subdivision into smaller units. The property's PAD zoning allows for a range of retail businesses. The asking price is $1,950,000, translating to $251.48 per square foot. While the current NOI and cap rate are 0%, the potential for significant return on investment is substantial given the prime location and adaptable layout. This is an exceptional chance to acquire a well-positioned retail property in a thriving Chandler market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Lot 1.62 ac (70,733 SF)
Zoning code PAD
APN 301-68-983
UPID US07-2127975
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
  • Growth Through Connection, LLC Physician Medical Clinic
  • Sandi King AZ Homes Real Estate Agency
  • Rio Grande Insurance/ Arizona Insurance Agency
  • Employee Benefit Strategies Group Business Management Consultant
  • Tax Resolution Partners Law Firm
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Ray Rd Properties LLC · 6 yrs held
Ray Rd Properties LLC
since 2019
7 recorded transactions
2026
Price N/A
2024
Price N/A
2019
Price N/A
2019
$1.4M
2018
Price N/A
2017
Price N/A
2016
$1.3M
Zoning & alternative use
PAD · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (PAD), as appropriate to particular needs and circumstances. (Ord. No. 3063, § 3, 11-18-99) 35-3101. - Uses permitted. The following uses sha…

Zone name Planned Area Development
General category RESIDENTIAL
Zone area 27,277.66 ac
Source code of ordinances
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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