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Property profile & analytics
OFF-MARKET
Estimated value
$13,810,000
Office buildings
1150 Fiesta Blvd, Gilbert, AZ 85233-2237
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3288381
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
CONCRETE
Total area
33,630 SF
Lot
11.11 ac (483,864 SF)
Zoning code
LI
APN
302-09-488
UPID
US07-3288381
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
-
Curtiss-Wright Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.35M
Blend (final)
Blend
$13.81M
Owner & transaction history
Flo Realty Gilbert LLC · 1 yrs held
Flo Realty Gilbert LLC
since 2024
Last sale
$15.3M
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.5M
+146.9%
Auto repair, garage
$14.9M
+99.6%
Retail stores
$12.3M
+65.0%
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
RESTAURANT
$18,470,000
Change: +147% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,930,000
Change: +100% · Conversion: Difficult
RETAIL STORES
$12,345,000
Change: +65% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,240,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$8,595,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$13.81M
Range $12.43M – $15.19M · ±10% · vs last sale $15.27M (Jul 31 2024)
Last sale anchor
$15.27M
Jul 31 2024
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
$411 / 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
$111,089
Tax year 2023
Assessed value
$1,850,907
Assessed 2024
Previous assessed
$1,671,925
+10.7% YoY
Effective rate
6.00%
On assessed value
Land market value
$3,232,900
Improvement market value
$8,043,497
Total market value
$11,276,397
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
33,630 SF
Lot
11.11 ac (483,864 SF)
Zoning code
LI
APN
302-09-488
UPID
US07-3288381
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Gilbert, AZ
Zoning LI · permitted uses
LI · 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
$18.5M
AUTO REPAIR, GARAGE
Est. value
$14.9M
RETAIL STORES
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$8.6M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
11.11 ac
Current owner
From public records · entity-resolved
Flo Realty Gilbert LLC
Entity
Mailing address
19200 VON KARMAN AVE STE #600, IRVINE, CA 92612-8516
Ownership since
2024
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
Oct 31, 2024
$15,267,500
Flo Realty Gilbert LLC
Sw North Fiesta Owner LLC
Special Warranty Deed
$12,400,000 · Pnc Bank NA
Oct 6, 2015
$19,000,000
Sw North Fiesta Owner LLC
Lba Realty Fund II Company I LLC
Special Warranty Deed
$11,500,000 · Silverpeak Real Estate Finance LLC
Jul 23, 2013
—
Lba Realty Fund II-co I LLC
Lba Realty Fund II-wbp II LLC
Quit Claim Deed
—
May 5, 2006
$10,600,000
Lba Realty Fund II-wbp II LLC
Bedford Property Investors INC
Grant Deed
—
Sep 9, 2005
—
Bedford Property Investors INC
—
Deed Of Trust
related
$150,000,000 · Bank Of America
Oct 12, 2004
$11,200,000
Bedford Property Investors INC
Crpb Investors LLC
Grant Deed
—
—
—
Lba Realty Fund II-co I LLC
—
Deed Of Trust
related
$97,000,000 · Bank Of America
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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