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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Warehouses
1330 Boxwood Ave Gilbert, AZ 85233-1813
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2657996
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
5,374 SF
Lot
0.47 ac (20,526 SF)
Zoning code
I-1
APN
302-11-059
UPID
US07-2657996
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
-
Tiger Mechanical Home Appliance Store
-
Tiger Cool Box Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.25M
Owner & transaction history
Three Enterprises LLC · 3 yrs held
Three Enterprises LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I-1 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+104.9%
Neighborhood: shopping center
$2.0M
+103.1%
Medical building
$1.4M
+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
$1,300,000
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
$965,000
Current use
RETAIL STORES
$1,975,000
Change: +105% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,955,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$1,375,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,195,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.31M (Nov 23 2022)
Last sale anchor
$1.31M
Nov 23 2022
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
$232 / 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
$8,015
Tax year 2023
Assessed value
$145,761
Assessed 2024
Previous assessed
$145,761
+0.0% YoY
Effective rate
5.50%
On assessed value
Land market value
$178,400
Improvement market value
$705,000
Total market value
$883,400
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
1998
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
5,374 SF
Lot
0.47 ac (20,526 SF)
Zoning code
I-1
APN
302-11-059
UPID
US07-2657996
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Gilbert, AZ
Zoning 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
Gilbert. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$965,000
RETAIL STORES
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
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
1998
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Three Enterprises LLC
Entity
Mailing address
75 W BASELINE RD, GILBERT, AZ 85233-1011
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$1,310,000
Three Enterprises LLC
High Voltage Holdings LLC
Special Warranty Deed
$1,235,000 · Cdc Direct Capital
Oct 21, 2020
—
High Voltage Holdings LLC
—
Deed
related
—
Jan 31, 2018
—
High Voltage Holdings LLC
Chip & Chipper LLC
Grant Deed
—
Jun 30, 2017
$640,000
Chip & Chipper LLC
New Resources Holding LLC
Special Warranty Deed
$512,000 · Jpmorgan Chase Bank NA
May 2, 2013
$456,000
New Resources Holding LLC
Desert King Properties LLC
Special Warranty Deed
$319,200 · Wells Fargo Bank NA
Apr 17, 2007
$800,000
Desert King Properties LLC
Building Exchange
Grant Deed
$640,000 · Western Security Bank
Feb 28, 2007
—
Building Exchange Co
Earl & Dale Properties LLC
Grant Deed
—
Feb 8, 2005
$490,000
Earl & Dale Properties LLC
Thomas J Colosimo
Special Warranty Deed
$395,000 · National Bank Of Arizona
May 7, 1999
$388,880
Thomas J Colosimo
Quartz Mountain Holdings
Grant Deed
$350,000 · Norwest Bank Arizona
Aug 10, 1998
$300,000
Quartz Mountain Holdings INC
Cracchiolo,daniel
Grant Deed
related
$250,000 · Seller
May 15, 1997
$424,500
Daniel Cracchiolo
Pivotal Az II L L C
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
—
—
—
High Voltage Holdings LLC
—
Loan Modification
related
—
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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