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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Warehouses
1225 Acacia Dr, Gilbert, AZ 85233-1820
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1174184
Property summary
AI-generated overview
This ±9,797 square foot industrial warehouse, located at 1225 N Acacia Drive in Gilbert, Arizona, presents a compelling leasing opportunity. The single-story, Class B building, constructed in 1999, sits on a 0.579-acre lot (25,231 square feet) and features a 21-foot clear ceiling height. The property boasts one 16' x 14' grade-level door and one 10' x 10' drive-in. The warehouse is fully vacant and includes approximately 1,000 square feet of mezzanine space, existing racking, skylights, and a fire sprinkler system. Concrete floors and a fenced yard enhance security and functionality. The property is zoned LI (Light Industrial) within Maricopa County and has a Maricopa County Assessor's Parcel Number (APN) of 302-11-070. The asking lease rate is $1.4 per square foot, NNN. This prime Gilbert location offers excellent access to major transportation routes and is ideal for a variety of industrial uses. The property's features and location make it an attractive option for businesses seeking efficient and well-maintained warehouse space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
CONCRETE
Total area
8,739 SF
Lot
0.58 ac (25,231 SF)
Zoning code
LI
APN
302-11-070
UPID
US07-1174184
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
-
Muffler Dealers Warehouse Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$2.14M
Owner & transaction history
Cascade Range Investments LLC · 1 yrs held
Cascade Range Investments LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.2M
+104.9%
Neighborhood: shopping center
$3.2M
+103.1%
Medical building
$2.2M
+42.6%
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
WAREHOUSE, STORAGE
$1,565,000
Current use
RETAIL STORES
$3,210,000
Change: +105% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,180,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$2,235,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,945,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $2.38M (Aug 5 2024)
Last sale anchor
$2.38M
Aug 5 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
$245 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,333
Tax year 2022
Assessed value
$240,240
Assessed 2024
Previous assessed
$195,823
+22.7% YoY
Effective rate
4.72%
On assessed value
Land market value
$207,200
Improvement market value
$1,248,800
Total market value
$1,456,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
8,739 SF
Lot
0.58 ac (25,231 SF)
Zoning code
LI
APN
302-11-070
UPID
US07-1174184
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
WAREHOUSE, STORAGE Current
Est. value
$1.6M
RETAIL STORES
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1999
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Cascade Range Investments LLC
Entity
Mailing address
1225 N ACACIA DR, GILBERT, AZ 85233-1820
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2024
$2,380,000
Cascade Range Investments LLC
190 Properties LLC
Special Warranty Deed
—
Jan 16, 2001
—
190 Properties LLC
Mufflers Dealers Warehouse INC
Grant Deed
$515,000 · Wells Fargo Bank Arizona
Mar 16, 1998
$65,530
Muffler Dealers Warehouse INC
Pivotal Realty Az II LLC
Grant Deed
—
Dec 3, 1996
$7,905,000
Realty Az L C Pivotal II
Talley Company Incorporat
Grant Deed
—
Jun 26, 1991
—
Talley Realty Fi
Talley Holding C
Quit Claim Deed
related
—
Oct 4, 1990
$15,300,000
Realty Ho Talley
Talley Realty De
Grant Deed
related
—
Feb 10, 1989
—
Commerce Ce Mesa
Unknown
Grant Deed
related
—
—
—
190 Properties LLC
—
Deed Of Trust
related
$715,000 · Webb Margaret E Trust (tr)
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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