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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Strip malls
1084 Gilbert Rd Gilbert, AZ 85296-3464
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-3291093
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
STEEL FRAME
Total area
9,460 SF
Lot
1.96 ac (85,332 SF)
Zoning code
SC
APN
302-82-983
UPID
US07-3291093
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
-
Chipotle Mexican Grill Restaurant
-
The Joint Chiropractic Alternative Medicine Practice
-
Pei Wei Asian Kitchen Take-out & Catering Catering Service
-
Sport Clips Haircuts of Gilbert Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.32M
Blend (final)
Blend
$5.32M
Owner & transaction history
Bh Gts LLC · 12 yrs held
Bh Gts LLC
since 2013
7 recorded transactions
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+120.5%
Restaurant
$5.2M
+50.9%
Auto repair, garage
$4.2M
+22.0%
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
NEIGHBORHOOD: SHOPPING CENTER
$3,445,000
Current use
COMMERCIAL (GENERAL)
$7,590,000
Change: +121% · Conversion: Easy
RESTAURANT
$5,195,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,200,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$3,475,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.32M
Range $4.78M – $5.85M · ±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
$562 / 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
$43,370
Tax year 2023
Assessed value
$823,112
Assessed 2024
Previous assessed
$658,971
+24.9% YoY
Effective rate
5.27%
On assessed value
Land market value
$2,332,000
Improvement market value
$2,656,556
Total market value
$4,988,556
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
9,460 SF
Lot
1.96 ac (85,332 SF)
Zoning code
SC
APN
302-82-983
UPID
US07-3291093
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Gilbert, AZ
Zoning SC · permitted uses
SC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RESTAURANT
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.96 ac
Current owner
From public records · entity-resolved
Bh Gts LLC
Entity
Free & Clear · 12 yrs held
Mailing address
11111 SANTA MONICA BLVD STE #600, LOS ANGELES, CA 90025-3340
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
—
B H Gts LLC
—
Loan Modification
related
$133,000,000 · Bank Of America
Dec 21, 2017
—
Bh Gts LLC
—
Grant Deed
related
$100,000,000 · Bank Of America
Dec 24, 2013
$13,400,000
Bh Gts LLC
Mlcfc 2006-3 Gilbert Town
Grant Deed
—
Apr 26, 2013
$13,500,000
2006-3 Gilbert Town Sq L Mlcfc
Pitcher Jeffrey S
Trustees Deed
—
Dec 6, 2006
$8,550,000
Gilbert 10 LLC
Tih Gilbert LLC
Grant Deed
—
Sep 8, 2006
$34,700,000
Transwestern Inv Corp LLC
Gilbert Town Square LLC
Grant Deed
$23,800,000 · Countrywide Commercial Real Estate
—
—
Bh Gts LLC
—
Loan Modification
related
$85,000,000 · Us Bk
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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