Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6950 E Chauncey Ln Phoenix, AZ 85054

    • Medical offices
    • 13,503 SF
    • 1.25 lot acres
    For Lease
    View listing
    $29 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0025269
    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

    • Jayme Hawthorne / Nurse Practitioner / Registered General Nurse
    • Anbroso / Hospital Department
    • Anthony Hedley, MD / Orthopedic Surgeon
    • Christopher Bero, PA-C / Physician Assistant
    • Patricia Bonasera / Nurse Practitioner

    Property Details for 6950 E Chauncey Ln

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    1.25 lot acres
    Property size
    13,503 SF
    Zone code
    C-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    215-09-338
    APU
    21509338

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.931
    Latitude
    33.6521
    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
    $53,130
    $0.00
    $0.00
    $727,306
    -
    $1,456,300
    $2,951,616
    $4,407,916

    Comparable in this City

    • Value Estimation by Request
      40,000 SF

      18325 Allied Way

      Medical offices • 40,000 SF
      18325 Allied Way, Phoenix, AZ 85054
      View Details
    • Value Estimation by Request
      222,774 SF

      5560 Deer Vly Dr

      HOMES (RETIRED, NURSING) • 222,774 SF
      5560 Deer Vly Dr, Phoenix, AZ 85054-5713
      View Details
    • Value Estimation by Request
      193,567 SF

      6650 Mayo Blvd

      HOMES (RETIRED, NURSING) • 193,567 SF
      6650 Mayo Blvd, Phoenix, AZ 85054-3102
      View Details
    • Value Estimation by Request
      271,863 SF

      5881 Mayo Blvd

      HOSPITAL - PRIVATE • 271,863 SF
      5881 Mayo Blvd, Phoenix, AZ 85054-4504
      View Details
    • Value Estimation by Request
      76.89 Acres

      Phoenix, AZ 85054

      HOSPITAL - PRIVATE • 76.89 Acres
      Phoenix, AZ 85054
      View Details
    • Value Estimation by Request
      3,969 SF

      5369 Herrera Dr

      HOMES (RETIRED, NURSING) • 3,969 SF
      5369 Herrera Dr, Phoenix, AZ 85054-7179
      View Details

    Similar Nearby for Sale

    • $1,050,000
      1.00 Acre

      107th & Lower Buckeye Retail Pads

      Phoenix retail land, prime location.
      10691 Lower Buckeye Rd, Phoenix, AZ 85054
      View Details
    • $639,990
      1,743 SF

      Desert Ridge Corner-Lot Home

      1743 SF, 3 bed, 2.5 bath home in Phoenix, AZ.
      5810 E Zachary Dr, Phoenix, AZ 85054
      View Details
    • $714,990

      Desert Ridge Home with Upgrades

      2120 sq ft home near High Street and Desert Ridge.
      5838 E Zachary Dr, Phoenix, AZ 85054
      View Details
    • $679,990

      Spacious Duplex in Desert Ridge

      1962 sq ft duplex with modern kitchen and vibrant location.
      5819 E Covey Ln, Phoenix, AZ 85054
      View Details
    • $668,990
      1,962 SF

      Desert Ridge Townhome with Upgrades

      Updated 1,962 sq ft townhome near High Street and Desert Ridge.
      5823 E Covey Ln, Phoenix, AZ 85054
      View Details
    • $710,395

      Talinn at Desert Ridge Townhome

      1962 sq ft townhome near High Street and Desert Ridge.
      5814 E Zachary Dr, Phoenix, AZ 85054
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      7,844 SF

      Medical Office Space Available

      Office space for rent near Scottsdale Road and Loop 101.
      6950 E Chauncey Ln, Phoenix, AZ 85054
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for lease in Phoenix, Arizona.
      6811 East Mayo Blvd, Phoenix, AZ 85054
      View Details
    • Contact for pricing
      18,441 SF

      Phoenix Office Space For Rent

      Modern office space with customizable floor plans in Phoenix, AZ.
      5410 E High St, Phoenix, AZ 85054
      View Details
    • Contact for pricing
      3,628 SF

      Modern Office Space in Phoenix

      Dynamic mixed-use project with high visibility and convenient access.
      5310 E High St, Phoenix, AZ 85054
      View Details
    • Contact for pricing
      23,248 SF

      Phoenix Office Space For Rent

      Contemporary office space available for rent in Phoenix, Arizona.
      5455 E High St, Phoenix, AZ 85054
      View Details
    • $28 SF/Yr
      2,675 SF

      6930 E Chauncey Ln, Phoenix, AZ

      Office space • 2,675 SF
      6930 E Chauncey Ln, Phoenix, AZ 85054
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6950 E Chauncey Ln
    Phoenix, AZ 85054
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.