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Property profile & analytics

6970 Chauncey Ln Phoenix, AZ 85054-5157

  • Office buildings
  • 22,180 SF
  • 1.95 lot acres
OFF-MARKET
Last Sale
Mar 23, 2022
$7,850,000
Value Estimations
$8,555,000
Show details
Cap Rate Potential
4.4%
Office buildings
Location Intelligence
Property ID
US07-0831529
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

  • Dr. Uday Reddy / Allergist
  • Stephen N. Finberg, DO, FCCP / Allergist / Pulmonologist
  • Discount Sporting / Shopping Mall
  • Atlas Women's Health / Doctor
  • Phillip Menashe / Pulmonologist / Intensivist

Property Details for 6970 Chauncey Ln

Year built
2007
Construction
STEEL FRAME
Lot size
1.95 lot acres
Property size
22,180 SF
Zone code
C-2
Property type
Office buildings
APN
215-09-339
APU
21509339

Description

This exceptional single-story office building, situated in Phoenix's desirable North Scottsdale submarket at 6970 E Chauncey Ln, Suites 115 and 125, offers a rare opportunity. Built in 2006 and renovated in 2018, the Class B property boasts 22,180 square feet, with 4,209 square feet currently vacant and available for lease. The space is divisible, with a minimum leasable area of 1,507 square feet and a maximum contiguous space of 4,209 square feet. Conveniently located near the intersection of Allied Way and Mayo Blvd, this property features 100 parking spaces for ample tenant and visitor parking. The building offers 10-foot ceilings and is zoned C-2. The property sits on 1.948 acres of land (APN 215-09-339) in Maricopa County, Arizona, zip code 85054. The building is suitable for both traditional office and medical office uses. The vacant space is easily adaptable, with the potential to combine smaller units to create larger contiguous spaces. This prime location and flexible space make it an ideal choice for businesses seeking a well-maintained and conveniently located office space in North Scottsdale.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $9,245,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $6,750,000
    6.5%
    $6,230,000
    7%
    $5,785,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $8,973,000
    Market price range: $2.83M - $11.7M
    AI Estimate
    $8,843,000
    Market price range: $2.77M - $11.6M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $6,655,000
    Current use
    RESTAURANT
    $11,845,000
    Change: +78% Conversion: Moderate
    AUTO REPAIR, GARAGE
    $9,370,000
    Change: +41% Conversion: Difficult
    RETAIL STORES
    $6,610,000
    Change: -1% Conversion: Moderate
    MEDICAL BUILDING
    $5,885,000
    Change: -12% Conversion: Easy
    WAREHOUSE, STORAGE
    $5,755,000
    Change: -14% Conversion: Difficult
    NEIGHBORHOOD: SHOPPING CENTER
    $5,645,000
    Change: -15% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-111.931
Latitude
33.653
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
$67,870
$0.00
$0.00
$847,423
-
$2,152,000
$2,983,899
$5,135,899
More about this property
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