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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Warehouses
1255 Mondel Dr Gilbert, AZ 85233-1808
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0396818
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
CONCRETE
Total area
6,760 SF
Lot
0.5 ac (21,600 SF)
Zoning code
LI
APN
302-11-033
UPID
US07-0396818
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
-
Black Wolf Roofing Roofing Company General Contractor
-
Slate Restoration AZ LLC Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
1255 N Mondel Dr LLC · 5 yrs held
1255 N Mondel Dr LLC
since 2021
Last sale
$811,564
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
Method
Estimation
Statistic approach
$870,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,210,000
Current use
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $812k (May 4 2021)
Last sale anchor
$812k
May 4 2021
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
$126 / 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
$9,480
Tax year 2023
Assessed value
$190,575
Assessed 2024
Previous assessed
$157,522
+21.0% YoY
Effective rate
4.97%
On assessed value
Land market value
$177,400
Improvement market value
$977,600
Total market value
$1,155,000
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,760 SF
Lot
0.5 ac (21,600 SF)
Zoning code
LI
APN
302-11-033
UPID
US07-0396818
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
$1.2M
WAREHOUSE, STORAGE Current
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
1255 N Mondel Dr LLC
Entity
Mailing address
1255 N MONDEL DR, GILBERT, AZ 85233-1808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
—
1255 N Mondel Dr LLC
—
Deed
related
$500,000 · Bell Bank
May 4, 2021
—
1255 N Mondel Dr LLC
Slate Equipment LLC
Quit Claim Deed
related
—
Jan 25, 2021
—
Slate Equipment LLC
—
Deed
related
$640,650 · Bok Fin'l
Nov 15, 2018
$811,564
Slate Equipment LLC
B&b Blinds Properties LLC
Special Warranty Deed
$680,000 · Arizona Business Bank
Oct 13, 2010
—
B & B Blinds Properties LLC
Mondel Properties LLC
Quit Claim Deed
related
—
May 28, 2009
$618,750
Mondel Properties LLC
Stetco LLC
Grant Deed
—
Aug 23, 2002
$545,000
Stetco LLC
Jenks,dale W & Laura S
Grant Deed
$490,000 · Wells Fargo Bank Arizona
Sep 24, 2001
—
Dale W Jenks
—
Trustees Deed
related
$291,500 · National Bank Arizona
Jun 29, 2001
—
Dale W Jenks
Harvey,karl T & Kathleen S
Quit Claim Deed
related
—
Mar 20, 2001
—
Karl T Harvey
Blinds Of The Times INC
Grant Deed
related
$34,800 · Blinds Of The Times INC
Aug 3, 1994
$35,640
Blinds Of The Times INC
Talley Realty Ho
Grant Deed
$26,730 · Seller
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
—
—
—
Stetco LLC
—
Deed Of Trust
related
$490,000 · Wells Fargo Bank Arizona
—
—
Stetco LLC
—
Deed Of Trust
related
$550,000 · Homesteaders Life Co
—
—
Slate Equipment LLC
—
Loan Modification
related
$640,650 · Bok Fin'l
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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