Back to Search
Property profile & analytics
OFF-MARKET
Parking lots & garages
1043 Stanford Ave Gilbert, AZ 85233-2516
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0387518
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1974
Construction
STEEL FRAME
Total area
616 SF
Lot
1.87 ac (81,588 SF)
Zoning code
SF-35
APN
302-12-035
UPID
US07-0387518
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael T Guthrie · 2 yrs held
Michael T Guthrie
since 2023
5 recorded transactions
Zoning & alternative use
SF-35 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Single Family 35 is a large residential lot low density, zoning category allowing up to a maximum of 2 primary dwelling unit per acre. The semi rural properties often have an agricultural character. The large lots are typically for custom homes with flood irrigation which may have septic systems and often house multiple accessory structures.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,227.42 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,889
Tax year 2023
Assessed value
$48,805
Assessed 2024
Previous assessed
$45,640
+6.9% YoY
Effective rate
3.87%
On assessed value
Land market value
$411,600
Improvement market value
$76,450
Total market value
$488,050
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
616 SF
Lot
1.87 ac (81,588 SF)
Zoning code
SF-35
APN
302-12-035
UPID
US07-0387518
Jurisdiction
MARICOPA
Zoning & alternative use
SF-35 · Gilbert, AZZoning SF-35 · permitted uses
SF-35 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Single Family 35 is a large residential lot low density, zoning category allowing up to a maximum of 2 primary dwelling unit per acre. The semi rural properties often have an agricultural character. The large lots are typically for custom homes with flood irrigation which may have septic systems and often house multiple accessory structures.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,227.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Michael T Guthrie
Individual
Mailing address
1043 W STANFORD AVE, GILBERT, AZ 85233-2516
Mailing matches property
Yes
Owner-occupied
Yes
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
Oct 13, 2023
—
Michael T Guthrie
John Yantis
Warranty Deed
—
Jan 28, 2009
$203,000
John Yantis
Kenny P Cox
Warranty Deed
$160,000 · Desert Schools FCU
Mar 25, 1997
—
Donna L Barnett
Donna L Barnett
Quit Claim Deed
related
$71,500 · Contimortgage Corp
—
—
Kenny P Cox
—
Deed Of Trust
related
$165,000 · Robert Nelson
—
—
Donna L Barnett
—
Deed Of Trust
related
$23,000 · Money Store California
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 1043 Stanford Ave?
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.
