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Property profile & analytics
FOR LEASE
Strip malls
940 N Alma School Rd Chandler, AZ 85224
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0262205
For Lease
1 / 2
Contact for pricing
940 N Alma School Rd, Chandler, AZ 85224
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
7,890 SF
Lot
2.62 ac (114,302 SF)
Zoning code
C-2
APN
302-48-701D
UPID
US07-0262205
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
750 Plus Credit Repair Chandler Financial Advisor
-
Permanent Record Ink Chandler Tattoo & Piercing Shop
-
Pollack Chandler Mercado Shopping Center & Mall
-
Sky High Smoke Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.49M
Owner & transaction history
Yerahmiel Rocky Rotshtein · 2 yrs held
Yerahmiel Rocky Rotshtein
since 2023
Last sale
$4.7M
5 recorded transactions
Zoning & alternative use
C-2 · Chandler, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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. - C-2-COMMUNITY COMMERCIAL DISTRICT 35-1300. - Purpose. This district is intended to serve several functions by providing central concentratio…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
205.85 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$6.3M
+26.4%
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
$4,575,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,010,000
Current use
COMMERCIAL (GENERAL)
$6,330,000
Change: +26% · Conversion: Easy
RESTAURANT
$4,095,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±10% · vs last sale $4.65M (Sep 14 2023)
Last sale anchor
$4.65M
Sep 14 2023
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
$696 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$43,008
Tax year 2023
Assessed value
$687,275
Assessed 2024
Previous assessed
$576,606
+19.2% YoY
Effective rate
6.26%
On assessed value
Land market value
$2,857,500
Improvement market value
$1,307,801
Total market value
$4,165,301
Applied tax rate
800,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
7,890 SF
Lot
2.62 ac (114,302 SF)
Zoning code
C-2
APN
302-48-701D
UPID
US07-0262205
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Chandler, AZZoning C-2 · permitted uses
C-2 · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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. - C-2-COMMUNITY COMMERCIAL DISTRICT 35-1300. - Purpose. This district is intended to serve several functions by providing central concentrations of uses offering goods and/or services for larger areas of Chandler. Establishme
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
205.85 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$6.3M
RESTAURANT
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.62 ac
Current owner
From public records · entity-resolved
Yerahmiel Rocky Rotshtein
Individual
Mailing address
5516 HERMITAGE AVE, VALLEY VILLAGE, CA 91607-2018
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
$4,650,000
Yerahmiel Rocky Rotshtein
Max Taylor And Company LLC
Special Warranty Deed
$2,175,000 · Max Tylor And Company LLC
Jul 7, 2000
$1,900,000
Max Taylor & Co II LP
Chandler Center Inv LLC
Grant Deed
—
Jun 30, 1998
$1,450,000
Chandler Center Investors LLC
Chandler-old Vine LP
Grant Deed
related
—
Dec 11, 1996
$290,000
Arizcol Associates L P
Old Vine Corp
Grant Deed
—
Apr 30, 1996
$650,000
Old Vine Corp
Gudig Abfall INC
Grant Deed
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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