Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1144 Gilbert Rd Gilbert, AZ 85296-3440
    Back to Search
    Property profile & analytics

    1144 Gilbert Rd Gilbert, AZ 85296-3440

    View on Map
    • Theaters & concert halls
    • 45,110 SF
    • 11.21 lot acres
    Off-Market
    Last Sale May 10, 2023
    $23,880,000
    Property ID
    US07-0463775
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $23,880,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Theaters & concert halls

    Property Details for 1144 Gilbert Rd

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    11.21 lot acres
    Property size
    45,110 SF
    Zone code
    SC
    Property type
    Theaters & concert halls
    APN
    302-82-965
    APU
    30282965

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $21,430,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $23,720,000
      AUTO REPAIR, GARAGE
      $19,060,000
      NEIGHBORHOOD: SHOPPING CENTER
      $16,415,000
      COMMERCIAL (GENERAL)
      $16,260,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.795
    Latitude
    33.3291
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $111,808
    $0.00
    $0.00
    $4,131,933
    -
    $4,247,500
    $20,794,518
    $25,042,018

    Comparable in this City

    • Value Estimation by Request
      22.04 Acres

      Gilbert, AZ 85296

      GOLF COURSE • 22.04 Acres
      Gilbert, AZ 85296
      View Details
    • Value Estimation by Request
      14.95 Acres

      2484 Warner Rd

      GOLF COURSE • 14.95 Acres
      2484 Warner Rd, Gilbert, AZ 85296-9500
      View Details
    • Value Estimation
      $46,765,000
      57,741 SF

      1160 Gilbert Rd

      BOWLING ALLEY • 57,741 SF
      1160 Gilbert Rd, Gilbert, AZ 85296-3440
      View Details
    • Value Estimation
      $12,100,000
      37.06 Acres

      1072 Val Vis Dr

      GOLF COURSE • 37.06 Acres
      1072 Val Vis Dr, Gilbert, AZ 85296
      View Details
    • Value Estimation by Request
      0.05 Acres

      Gilbert, AZ 85296

      GOLF COURSE • 0.05 Acres
      Gilbert, AZ 85296
      View Details
    • Value Estimation by Request
      79,209 SF

      2305 Knox Rd

      SKATING RINK, ICE SKATING, ROLLER SKATING • 79,209 SF
      2305 Knox Rd, Gilbert, AZ 85296-3901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,400 SF

      Turnkey Boba and Coffee Shop

      Turnkey boba and coffee shop in Gilbert, Arizona.
      4764 S Higley Rd, Gilbert, AZ 85296
      View Details
    • Contact for pricing
      933 SF

      Established Restaurant Opportunity in Gilbert

      Thriving restaurant for sale with equipment included in prime location.
      1493 S Higley Rd, Gilbert, AZ 85296
      View Details
    • $2,807,400

      Single-Tenant Day Care Facility

      Single-tenant adult day care facility currently occupied.
      500 South Gilbert Rd, Gilbert, AZ 85296
      View Details
    • Contact for pricing

      Freestanding Former Bank Opportunity

      Former bank with drive-thru, ideal for retail or redevelopment.
      77 S Val Vista Dr, Gilbert, AZ 85296
      View Details
    • Contact for pricing

      Prime Pad Site For Sale

      1.5-acre pad site near Loop 202 Freeway in Gilbert, AZ.
      4959 E Warner Rd, Gilbert, AZ 85296
      View Details
    • Contact for pricing

      Land For Sale Gilbert, AZ

      Land available for sale in Gilbert, Arizona.
      4615 E Warner Rd, Gilbert, AZ 85296
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Former Private Training Gym Space

      Former private training gym space available for rent.
      263 E Warner Rd, Gilbert, AZ 85296
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent at Higley Rd & Ray Rd.
      SWC Higley Rd & Ray Rd, Gilbert, AZ 85296
      View Details
    • Contact for pricing
      64,242 SF

      Gilbert Warehouse Space For Lease

      Industrial warehouse space with frontage, visibility, and signage opportunities.
      4527 E Warner Rd, Gilbert, AZ 85296
      View Details
    • Contact for pricing
      109,407 SF

      Gilbert Warehouse with HVAC

      4,084 SF spec suite with 100% HVAC warehouse.
      9062 E Ray Rd, Gilbert, AZ 85296
      View Details
    • $22 SF/Yr
      16,487 SF

      Gilbert Road Office Space Available

      1,225 SF Office Suite in Prime Gilbert Location
      538 Gilbert Rd, Gilbert, AZ 85296
      View Details
    • Contact for pricing

      Office Spaces Available For Rent

      Office spaces ranging from 1,156 to 2,159 SqFt available.
      1040-1090 S Gilbert Rd, Gilbert, AZ 85296
      View Details

    Property Visit Statistics

    • Visits by month
      14.0k
    • Visitors by month
      12.7k
    • Avg Time on site
      133 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1144 Gilbert Rd
    Gilbert, AZ 85296-3440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1144 Gilbert Rd, Gilbert, AZ, 85296
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!