New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,010,000
Flex space
1035 Mcqueen Rd, Gilbert, AZ 85233-2333
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1125230
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
CONCRETE
Total area
40,565 SF
Lot
5.09 ac (221,555 SF)
Zoning code
LI
APN
302-12-095
UPID
US07-1125230
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
-
Skin Actives Scientific Medical Clinic Skin Care Clinic
-
Blue Novis Employment Agency
-
The Yard Fitness Gym & Fitness Center
-
KCAZ PowerSports Motorcycle Shop
-
Dr. Shari Cohen, DDS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.98M
Blend (final)
Blend
$8.01M
Owner & transaction history
Fiesta Ranch Business Center One Ll · 1 yrs held
Fiesta Ranch Business Center One Ll
since 2025
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.4M
+66.5%
Office building
$9.0M
+44.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,230,000
Current use
MEDICAL BUILDING
$10,370,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$9,025,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$8.01M
Range $7.21M – $8.81M · ±10%
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
$197 / 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
$55,705
Tax year 2023
Assessed value
$1,413,011
Assessed 2024
Previous assessed
$1,066,342
+32.5% YoY
Effective rate
3.94%
On assessed value
Land market value
$1,340,700
Improvement market value
$7,223,000
Total market value
$8,563,700
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
40,565 SF
Lot
5.09 ac (221,555 SF)
Zoning code
LI
APN
302-12-095
UPID
US07-1125230
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
INDUSTRIAL (GENERAL) Current
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$10.4M
OFFICE BUILDING
Est. value
$9.0M
INDUSTRIAL (GENERAL) Current
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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
5.09 ac
Current owner
From public records · entity-resolved
Fiesta Ranch Business Center One Ll
Individual
Mailing address
10920 WINNETKA AVE, CHATSWORTH, CA 91311-1847
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
Fiesta Ranch Business Center One Ll
Richard Sheinfeld
Special Warranty Deed
$5,850,000 · Symetra Life Insurance Co
Jul 27, 2020
—
Sheinfeld,richard Trust
—
Deed
related
$1,766,550 · Miscellaneous Ins Co
Jul 24, 2020
—
Sheinfeld,richard Trust
Fiesta Ranch Busn Ctr One LLC
Warranty Deed
$3,646,000 · Miscellaneous Ins Co
Oct 31, 2007
—
Fiesta Ranch Busn Center One L
Sheinfeld Richard Trust
Warranty Deed
$4,650,000 · Union Bank Of California
Dec 19, 1997
—
Richard B Sheinfeld Trust
Richard B Sheinfeld
Quit Claim Deed
related
—
Dec 18, 1997
—
Richard B Sheinfeld
Richard B Sheinfeld Trust
Quit Claim Deed
related
$230,000 · Kansas City Life Insurance Co
May 29, 1996
—
Richard,sheinfeld Trust
Richard B Sheinfeld
Quit Claim Deed
related
—
Jul 1, 1993
$2,000,000
Richard B Sheinfeld
Busse Trust
Grant Deed
$1,850,000 · Seller Carry Back
Nov 27, 1991
$1,400,000
Turstee Je Busse
Pima Federal Sav
Grant Deed
—
—
—
Sheinfeld,richard Trust
—
Deed Of Trust
related
$1,766,550 · Miscellaneous Ins Co
—
—
Sheinfeld,tr
—
Deed Of Trust
related
$2,600,000 · Allstate Life Insurance Co
—
—
Richard,sheinfeld Trust
—
Deed Of Trust
related
—
—
—
Fiesta Ranch Busn Center One L
—
Deed Of Trust
related
$9,350,000 · Sun Life Assurance 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 1035 Mcqueen Rd?
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.
