Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Warehouses
925 Mcqueen Rd 107 Gilbert, AZ 85233-2289
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-2661141
Property summary
AI-generated overview
This exceptional industrial property, located at 925 N McQueen Rd, Suites 104-107 in Gilbert, Arizona, offers 11,738 square feet of versatile space. Built in 2006, this property is ideally suited for distribution, flex, or warehouse operations. The asking price is $3,866,200. Situated in the desirable Chandler North Gilbert Industrial submarket of the East Valley, this property enjoys a strategic location with convenient access to major transportation routes. The address is easily accessible via McQueen and Guadalupe Roads. The property consists of contiguous suites 104, 105, 106, and 107, providing a cohesive and efficient layout for various business needs. This is a rare opportunity to acquire a well-located, sizable industrial property in a thriving Arizona market. The property's size and configuration make it suitable for a range of businesses seeking a functional and strategically positioned space in Maricopa County, zip code 85233. This offering presents a compelling investment opportunity in a high-growth area.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
CONCRETE
Total area
19,423 SF
Lot
0.06 ac (2,544 SF)
Zoning code
GC
APN
302-12-578
UPID
US07-2661141
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
-
Awaken Church Church
-
KBS Fitness Gym & Fitness Center
-
Open Arms Care Center Charitable Organization Social Service Agency
-
Fleming's Auto & Diesel Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.25M
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.25M
Owner & transaction history
Practical Real Estate LLC · 1 yrs held
Practical Real Estate LLC
since 2024
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
GC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gilbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilbert 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
$2,250,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
$2,845,000
6.5%
$2,625,000
7%
$2,440,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,480,000
Current use
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Sep 6 2024)
Last sale anchor
$2.25M
Sep 6 2024
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
$116 / 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
$2,991
Tax year 2023
Assessed value
$70,422
Assessed 2024
Previous assessed
$70,422
+0.0% YoY
Effective rate
4.25%
On assessed value
Land market value
$85,300
Improvement market value
$341,500
Total market value
$426,800
Applied tax rate
410,600.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
19,423 SF
Lot
0.06 ac (2,544 SF)
Zoning code
GC
APN
302-12-578
UPID
US07-2661141
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Gilbert, AZ
Zoning GC · permitted uses
GC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilbert. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.5M
WAREHOUSE, STORAGE Current
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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Practical Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1450 S COUNTRY CLB DR, MESA, AZ 85210-5132
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$2,250,000
Practical Real Estate LLC
Miguel F Tamagno
Special Warranty Deed
—
Jun 5, 2017
$1,775,000
Tamagno Family Trust
Dyl Ents LLC
Grant Deed
—
Aug 29, 2016
—
Dyl Enterprises LLC
—
Deed
related
$1,500,000 · Trustbank
Mar 27, 2012
—
Dyl Ents LLC
—
Deed Of Trust
related
$1,966,774 · Us Bank NA
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 925 Mcqueen Rd, Unit 107?
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.
