Property profile

8 Roosevelt Ave Chandler, AZ 85226

OFF-MARKET
Flex space
Property ID
US07-0393250
5,568 SF 0.56 ac lot Built 1982
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1982
Construction CONCRETE
Total area 5,568 SF
Lot 0.56 ac (24,224 SF)
Zoning code C-2
APN 301-86-079
UPID US07-0393250

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising
  • Medical Clinic
  • Gym & Fitness Center
  • Alternative Medicine Practice Spa & Massage Center
  • Gym & Fitness Center

Location

8 Roosevelt Ave Chandler, AZ 85226-3409
Chandler metro Census 980400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$515k

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2017
$628,000
2000
$465,000
1995
$343,000
1990
$310,014

Zoning & alternative use

C-2 · Chandler, AZ
Zoning description

rdance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1205. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIII. -…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $1.5M +66.2%
Office building $1.3M +44.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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