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Property profile & analytics
OFF-MARKET
Estimated value
$23,880,000
Theaters & concert halls
1144 Gilbert Rd Gilbert, AZ 85296-3440
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0463775
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2001
Construction
CONCRETE
Total area
45,110 SF
Lot
11.21 ac (488,365 SF)
Zoning code
SC
APN
302-82-965
UPID
US07-0463775
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
$23.88M
Owner & transaction history
Xc Gilbert LLC · 3 yrs held
Xc Gilbert LLC
since 2023
Last sale
$23.9M
7 recorded transactions
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$21,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$23,720,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,060,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,415,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,260,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$23.88M
Range $21.49M – $26.27M · ±10% · vs last sale $23.88M (May 10 2023)
Last sale anchor
$23.88M
May 10 2023
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
$529 / 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
$111,808
Tax year 2023
Assessed value
$4,131,933
Assessed 2024
Previous assessed
$3,538,703
+16.8% YoY
Effective rate
2.71%
On assessed value
Land market value
$4,247,500
Improvement market value
$20,794,518
Total market value
$25,042,018
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
45,110 SF
Lot
11.21 ac (488,365 SF)
Zoning code
SC
APN
302-82-965
UPID
US07-0463775
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
RESTAURANT
Est. value
$23.7M
AUTO REPAIR, GARAGE
Est. value
$19.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.4M
COMMERCIAL (GENERAL)
Est. value
$16.3M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
11.21 ac
Current owner
From public records · entity-resolved
Xc Gilbert LLC
Entity
Mailing address
1120 S GILBERT RD, MESA, AZ 85204-5206
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
Xc Gilbert LLC
—
Deed
related
$13,750,000 · Wesleyan Investment Foundation INC
May 10, 2023
$23,880,000
Xc Gilbert LLC
B H Gts LLC
Special Warranty Deed
$19,000,000 · Wesleyan Investment Foundation INC
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
—
Gilbert LLC
Owner Name Unavailable
Grant Deed
—
Sep 8, 2006
$34,700,000
Tih Gilbert LLC
Transwestern Investment Corp LLC
Special Warranty Deed
$23,800,000 · Countrywide Commercial Real Estate
Feb 1, 2005
—
Wallace Theater Corp
—
Deed Of Trust
related
$185,000,000 · Wachovia Bank NA
—
—
Bh Gts LLC
—
Loan Modification
related
$85,000,000 · Us Bk
—
—
Bh Gts LLC
—
Deed Of Trust
related
$47,000,000 · Us Bk
—
—
Wallace Theater Corp
—
Deed Of Trust
related
$1,000,000 · Us Bank NA
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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