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Property profile & analytics
OFF-MARKET
Flex space
1235 Harwell Rd Gilbert, AZ 85233-1834
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3288719
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
CONCRETE
Total area
5,803 SF
Lot
0.51 ac (22,345 SF)
Zoning code
LI
APN
302-11-054
UPID
US07-3288719
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
by Request
Owner & transaction history
Preston Managementllc · 6 yrs held
Preston Managementllc
since 2020
Last sale
$268,140
7 recorded transactions
Zoning & alternative use
LI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,978
Tax year 2023
Assessed value
$182,705
Assessed 2024
Previous assessed
$154,615
+18.2% YoY
Effective rate
4.91%
On assessed value
Land market value
$187,500
Improvement market value
$919,800
Total market value
$1,107,300
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,803 SF
Lot
0.51 ac (22,345 SF)
Zoning code
LI
APN
302-11-054
UPID
US07-3288719
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.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Preston Managementllc
Individual
Mailing address
3951 FRANKE LN, LAFAYETTE, CA 94549-2814
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
$3,785,000
Preston Managementllc
Tbc Building Services
Grant Deed
$1,475,000 · Polk & Green Investments LP
Jan 2, 2020
—
Tbc Facilities LLC
—
Deed
related
$2,700,000 · Arizona Bank & Trust
Jun 12, 2017
—
Tbc Facilities LLC
—
Deed
related
$2,906,250 · Arizona Business Bank
Oct 26, 2007
—
Tbc Facilities LLC
—
Trustees Deed
related
$429,600 · Compass Bank
Jul 28, 2006
$268,140
Tbc Facilities LLC
Shukers,stewart & Carolyn E
Warranty Deed
$153,540 · Compass Bank
Jun 3, 2002
$91,610
Stewart D Shukers
Buttrum,roger & Erlene
Grant Deed
$55,000 · Union Bank Of Arizona
May 31, 2002
$246,490
Roger Buttrum
Tad Show LLC
Grant Deed
—
Sep 21, 1998
$185,080
Tad Show 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
—
—
—
Tbc Facilities LLC
—
Deed Of Trust
related
$570,400 · Compass Bank
—
—
Stewart D Shukers
—
Deed Of Trust
related
$645,000 · Bankers Consulting Corp
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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