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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Warehouses
1230 Mondel Dr Gilbert, AZ 85233-1807
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US07-2815487
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
CONCRETE
Total area
6,928 SF
Lot
0.5 ac (21,731 SF)
Zoning code
I-1
APN
302-11-044
UPID
US07-2815487
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
$1.57M
Blend (final)
Blend
$975k
Owner & transaction history
Camtech Properties LLC · 19 yrs held
Camtech Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
I-1 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 8)
Top alternative use upside
Retail stores
$2.5M
+104.9%
Neighborhood: shopping center
$2.5M
+103.1%
Medical building
$1.8M
+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
$1,240,000
Current use
RETAIL STORES
$2,545,000
Change: +105% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,520,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$1,770,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10%
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
$141 / 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
$9,639
Tax year 2023
Assessed value
$198,017
Assessed 2024
Previous assessed
$161,568
+22.6% YoY
Effective rate
4.87%
On assessed value
Land market value
$177,600
Improvement market value
$1,022,500
Total market value
$1,200,100
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
PACKAGE
Cooling
YES
Stories
1
Total area
6,928 SF
Lot
0.5 ac (21,731 SF)
Zoning code
I-1
APN
302-11-044
UPID
US07-2815487
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Gilbert, AZZoning I-1 · permitted uses
I-1 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 8)
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RETAIL STORES
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
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
PACKAGE
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Camtech Properties LLC
Entity
Mailing address
1230 N MONDEL DR, GILBERT, AZ 85233-1807
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2007
$925,000
Camtech Properties LLC
Donald Gene Joesten
Warranty Deed
$740,000 · Jpmorgan Chase Bank NA
Jul 6, 1999
$466,000
Donald G Joesten
Three-o Development LLC
Grant Deed
$345,000 · Wells Fargo Bank
Mar 3, 1998
$114,420
Three O Dev LLC
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
—
—
—
Donald G Joesten
—
Deed Of Trust
related
$170,000 · Meridian Bank
—
—
Donald G Joesten
—
Deed Of Trust
related
$170,000 · Meridian Bank
—
—
Camtech Properties LLC
—
Deed Of Trust
related
$500,000 · Compass Bank
—
—
Donald G Joesten
—
Deed Of Trust
related
$150,000 · Community Bank Arizona
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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