Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,510,000
Retail space
88 San Marcos Pl Chandler, AZ 85225-7972
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1369645
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1914
Construction
CONCRETE
Total area
6,006 SF
Lot
0.19 ac (8,460 SF)
Zoning code
C-TC
APN
303-08-023
UPID
US07-1369645
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
-
Robert Brown Architects Architect
-
Anderson Baron Landscaping (Bike/Boat/Book/etc) Store
-
ASAP Air Conditioning And Heating HVAC Service General Contractor
-
Burns Law Offices Law Firm
-
Emblem Foundation Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$3.51M
Owner & transaction history
Ap S San Marcos Pl LLC · 3 yrs held
Ap S San Marcos Pl LLC
since 2022
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
C-TC · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+77.6%
Neighborhood: shopping center
$3.8M
+40.5%
Restaurant
$3.1M
+14.8%
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
$3,980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,715,000
Current use
COMMERCIAL (GENERAL)
$4,820,000
Change: +78% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,815,000
Change: +40% · Conversion: Moderate
RESTAURANT
$3,115,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,315,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±10% · vs last sale $4.25M (Aug 17 2022)
Last sale anchor
$4.25M
Aug 17 2022
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
$584 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$17,778
Tax year 2022
Assessed value
$254,967
Assessed 2024
Previous assessed
$219,980
+15.9% YoY
Effective rate
6.97%
On assessed value
Land market value
$143,100
Improvement market value
$1,402,152
Total market value
$1,545,252
Applied tax rate
800,307.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1914
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
2
Units
3
Total area
6,006 SF
Lot
0.19 ac (8,460 SF)
Zoning code
C-TC
APN
303-08-023
UPID
US07-1369645
Jurisdiction
MARICOPA
Zoning & alternative use
C-TC · Chandler, AZ
Zoning C-TC · permitted uses
C-TC · 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
RETAIL STORES Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
1914
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
Ap S San Marcos Pl LLC
Entity
Mailing address
1616 CAMDEN RD #210, CHARLOTTE, NC 28203-4925
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
—
Ap Aj LLC
—
Deed
related
$40,000,000 · Symetra Life Insurance Co
Aug 17, 2022
$4,250,000
Ap S San Marcos Pl LLC
Bliss Family Properties LLC
Warranty Deed
—
Jul 25, 2022
—
Bliss Family Properties LLC
Chandler City Center Developers LLC
Special Warranty Deed
—
Sep 13, 2017
—
Chandler City Center Developers L L
—
Deed
related
$945,000 · Standard Insurance Co
Sep 23, 1999
—
Chandler City Center Developer
Chandler City (az)
Quit Claim Deed
related
—
Nov 2, 1998
—
Chandler City (az)
Jusseaume,roger J
Grant Deed
related
—
Oct 10, 1995
$310,000
Roger J Jusseaume
Dudding Family Trust
Grant Deed
$250,000 · Seller
Sep 15, 1993
—
Dudding Family Trust
Dudding
Quit Claim Deed
related
—
—
—
Chandler City Center Developer
—
Deed Of Trust
related
$700,000 · Standard Insurance 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 88 San Marcos Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
