Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1335 Baseline Rd Gilbert, AZ 85233-1216
    Back to Search
    Property profile & analytics

    1335 Baseline Rd, Gilbert, AZ 85233-1216

    View on Map
    • Drive through restaurants
    • 4,239 SF
    • 0.99 lot acres
    Off-Market
    Property ID
    US07-0390562
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,650,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Someburros / Restaurant

    Property Details for 1335 Baseline Rd

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    0.99 lot acres
    Zone code
    C-C
    Property type
    Drive through restaurants
    APN
    314-01-004
    APU
    31401004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 12, 2009 — Gm Vasquez Properties LLC — Trustees Deed · related —
    Jul 19, 2000 $650,000 Gm Va Squez Properties LLC Marini,robert A & Diana J Grant Deed —
    — — Gm Vasquez Properties LLC — Deed Of Trust · related $650k · George & Mary Vasquez

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,685,000
      Market price range: $1.33M - $4.20M
      AI Estimate
      $1,613,000
      Market price range: $1.13M - $4.20M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,330,000
      Current use
      AUTO REPAIR, GARAGE
      $1,880,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.804
    Latitude
    33.3785
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,670
    $0.00
    $0.00
    $308,316
    -
    $656,000
    $1,212,581
    $1,868,581

    Comparable in this City

    • Value Estimation
      $2,485,000
      6,345 SF

      721 Arizona Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      721 Arizona Ave, Gilbert, AZ 85233-3405
      View Details
    • Value Estimation
      $1,920,000
      3,036 SF

      1405 Arizona Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      1405 Arizona Ave, Gilbert, AZ 85233-1616
      View Details
    • Value Estimation
      $2,115,000
      5,021 SF

      47 Mcqueen Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      47 Mcqueen Rd, Gilbert, AZ 85233-5036
      View Details
    • Value Estimation
      $2,455,000
      4,594 SF

      663 Warner Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      663 Warner Rd, Gilbert, AZ 85233-7266
      View Details
    • Value Estimation
      $1,640,000
      2,661 SF

      885 Warner Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      885 Warner Rd, Gilbert, AZ 85233-7263
      View Details
    • Value Estimation
      $850,000
      2,379 SF

      865 Cooper Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      865 Cooper Rd, Gilbert, AZ 85233-7571
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,940 SF

      Automotive Sales and Service Center

      Large lot with sales office and four-bay service center.
      881 N Arizona Ave, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      1,275 SF

      Gilbert Retail NNN Investment Opportunity

      NNN leased retail property in growing Gilbert trade area.
      1545 W Elliot Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      2,533 SF

      Auto Shop NNN Lease

      Newer construction auto shop with an existing NNN lease.
      760 W Guadalupe Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      2,533 SF

      Auto Repair NNN Investment Opportunity

      NNN leased Joe’s Auto in Phoenix, passive income opportunity.
      760 W Guadalupe Rd, Gilbert, AZ 85233
      View Details
    • $3,400,000

      Large Automotive Sales Lot

      Automotive sales lot available for sale.
      881 N Arizona Ave, Gilbert, AZ 85233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,600 SF

      Vibrant Retail Space in Gilbert

      Dynamic retail space in Gilbert's Heritage District, 2600 square feet.
      40 W Elliot Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      6,670 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces with outdoor dining, available Q3 2023.
      904 W Guadalupe Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      400 SF

      Retail Space in Heritage Park

      Mixed-use development in Gilbert's historic Heritage District.
      442 N Gilbert Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      1,271 SF

      Retail Space on Baseline Road

      Retail property with high visibility and traffic in Gilbert, Arizona.
      1851 E Baseline Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      9,472 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and strong demographics.
      50 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1335 Baseline Rd
    Gilbert, AZ 85233-1216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1335 Baseline Rd, Gilbert, AZ, 85233
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!