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Property profile & analytics
OFF-MARKET
Estimated value
$8,030,000
Warehouses
1015 Mcqueen Rd Gilbert, AZ 85233-2321
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0606506
Property summary
AI-generated overview
This exceptional Gilbert, Arizona property, Fiesta Ranch Business Center II, offers flexible office and warehouse space ideal for a variety of businesses. Located at 1015-1025 North McQueen Road, 85233, in the Chandler N/Gilbert submarket of Maricopa County, this 26,000 square foot building boasts multiple tenancy options. Units range from a minimum of 2,937 square feet to a maximum contiguous space of 5,562 square feet, with 8,499 square feet currently vacant. The building, constructed in 1998, features high ceilings ranging from 16 to 18 feet, providing ample vertical space for storage or specialized equipment. The property is zoned LI-1 and offers generous parking with a ratio of 2.14 spaces per 1,000 square feet. Electrical service includes 400 Amps, 120/208V, 3-phase power. This versatile space is perfect for businesses requiring both office and warehouse functionality, offering a strategic location in a thriving Arizona market. The property is categorized as Office, Industrial, with subtypes including Executive Office, Warehouse, and Distribution, making it suitable for a wide range of commercial uses. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
25,981 SF
Lot
3.75 ac (163,240 SF)
Zoning code
LI
APN
302-12-096
UPID
US07-0606506
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
-
Alternative Hose Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Imco Products Inc. Industrial Manufacturer
-
Development Manufacturing Inc. Corporate Office Factory
-
Bradley’s Bioscience Corporate Office
-
Guardian Interlock Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.47M
Blend (final)
Blend
$8.03M
Owner & transaction history
Pegasus Chandler Gilbert Owner LLC · 4 yrs held
Pegasus Chandler Gilbert Owner LLC
since 2021
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.5M
+147.8%
Retail stores
$9.5M
+104.9%
Neighborhood: shopping center
$9.5M
+103.1%
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
$9,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,535,000
Change: +148% · Conversion: Easy
RETAIL STORES
$9,540,000
Change: +105% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,455,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$6,640,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$5,780,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$8.03M
Range $7.23M – $8.83M · ±10% · vs last sale $8.86M (Oct 15 2021)
Last sale anchor
$8.86M
Oct 15 2021
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
$309 / 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
$54,068
Tax year 2023
Assessed value
$1,209,252
Assessed 2024
Previous assessed
$947,461
+27.6% YoY
Effective rate
4.47%
On assessed value
Land market value
$1,043,100
Improvement market value
$6,285,700
Total market value
$7,328,800
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
25,981 SF
Lot
3.75 ac (163,240 SF)
Zoning code
LI
APN
302-12-096
UPID
US07-0606506
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Gilbert, AZ
Zoning LI · permitted uses
LI · 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
AUTO REPAIR, GARAGE
Est. value
$11.5M
RETAIL STORES
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$6.6M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.75 ac
Current owner
From public records · entity-resolved
Pegasus Chandler Gilbert Owner LLC
Entity
Mailing address
8888 E RAINTREE DR STE #155, SCOTTSDALE, AZ 85260-3952
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$8,863,000
Pegasus Chandler Gilbert Owner LLC
Presson Pv Fifteen LLC
Special Warranty Deed
—
Apr 27, 2017
—
Presson Pv Fifteen LLC
—
Deed
related
$2,379,000 · Miscellaneous Ins Co
Nov 7, 2014
$3,750,000
Presson Pv Fifteen LLC
Investors Warranty Of America
Grant Deed
$2,600,000 · Bank Of Az
May 25, 2011
$1,250,000
Investors Warranty Of America INC
Empire West Title Agency LLC
Trustees Deed
related
—
Oct 29, 1997
$406,925
Richard Sheinfeld
Scott C & Diana Anderson
Grant Deed
$306,925 · Seller
Jul 14, 1997
—
Scott C Anderson
Richard-janice Family L P
Grant Deed
related
—
Dec 29, 1995
$247,500
Richard Janice Family L P
Progressive INC
Grant Deed
—
May 17, 1990
$110,000
Progressive Elec
Vly Nat Bank
Grant Deed
—
—
—
Sheinfeld Richard B Trust
—
Deed Of Trust
related
$3,450,000 · Transamerica Occidental Life
—
—
Presson Pv Fifteen LLC
—
Deed Of Trust
related
$2,379,000 · Miscellaneous Ins Co
—
—
Presson Pv Fifteen LLC
—
Deed Of Trust
related
$2,379,000 · Miscellaneous Ins 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.
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