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Property profile & analytics
OFF-MARKET
Estimated value
$3,490,000
Individual retail properties
1126 Gilbert Rd Mesa, AZ 85204-5206
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0120969
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1998
Construction
CONCRETE
Total area
34,125 SF
Lot
2.91 ac (126,779 SF)
Zoning code
GC
APN
139-06-292
UPID
US07-0120969
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
-
TG The Gym (Mesa) Gym & Fitness Center
-
The Taco Spot Food Truck Mexican Food Catering Only Take-out & Catering Catering Service
-
National Personal Training Institute of Arizona Vocational School Training Center
-
Inviora Mesa Alternative Medicine Practice Spa & Massage Center
-
The Taco Spot - Food Truck Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.49M
Owner & transaction history
Tg The Gym Mesa Az INC · 4 yrs held
Tg The Gym Mesa Az INC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
GC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
se or display plants, shall not exceed 10,000 square feet. 3. Items displayed outdoors are limited to plants, soils, gravel, soil amendments and fertilizer. 4. Development standards shall comply with requirements of the GC-A district, see Table 11-6-3 B. D. Building Projections into Required Yards. Building projections of a single residence may extend into r…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,119.75 ac
Source
code of ordinances
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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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
$3,470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.49M
Range $3.14M – $3.84M · ±10% · vs last sale $3.50M (Oct 27 2021)
Last sale anchor
$3.50M
Oct 27 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
$102 / 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
$74,191
Tax year 2023
Assessed value
$660,000
Assessed 2024
Previous assessed
$1,050,855
-37.2% YoY
Effective rate
11.24%
On assessed value
Land market value
$450,053
Improvement market value
$3,549,947
Total market value
$4,000,000
Applied tax rate
41,000.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
34,125 SF
Lot
2.91 ac (126,779 SF)
Zoning code
GC
APN
139-06-292
UPID
US07-0120969
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Mesa, AZZoning GC · permitted uses
GC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
se or display plants, shall not exceed 10,000 square feet. 3. Items displayed outdoors are limited to plants, soils, gravel, soil amendments and fertilizer. 4. Development standards shall comply with requirements of the GC-A district, see Table 11-6-3 B. D. Building Projections into Required Yards. Building projections of a single residence may extend into required yards, subject to the following standards: 1. No projection may extend int
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,119.75 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.91 ac
Current owner
From public records · entity-resolved
Tg The Gym Mesa Az INC
Entity
Mailing address
1126 S GILBERT RD, MESA, AZ 85204-5206
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$3,500,000
Tg The Gym Mesa Az INC
Store Master Funding Xii LLC
Special Warranty Deed
$1,757,700 · Firstbank
Oct 27, 2021
—
Tg The Gym Mesa Az INC
—
Deed
related
$1,266,000 · Cdc Smal Business Finance Corp
Mar 18, 2019
$1,490,000
Jody Semper
Simoncre Highlands IV LLC
Grant Deed
—
Apr 2, 2018
$6,580,000
Store Master Funding Xii LLC
Simoncre Highlands IV LLC
Special Warranty Deed
$6,580,000 · Citibank NA
Oct 24, 2017
$5,300,000
Simoncre Highlands IV LLC
Phoenix Retails Partners LLC
Special Warranty Deed
$6,104,000 · Academy Bank NA
Nov 13, 2014
—
Phoenix Retail Partners LLC
Serhan Investments INC
Warranty Deed
—
Mar 25, 2004
—
Standard Insurance Co
Serhan Investments INC
Grant Deed
related
—
Mar 25, 2004
$6,200,000
Serhan Investments INC
Vanderbilt Group LLC
Grant Deed
related
$3,500,000 · Standard Insurance 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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