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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Warehouses
1345 Hobson St Gilbert, AZ 85233-1208
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3196151
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE
Total area
6,968 SF
Lot
0.53 ac (23,294 SF)
Zoning code
LI
APN
302-11-083
UPID
US07-3196151
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
-
Southwest Elevator Company General Contractor Construction Company
-
National Cabling Technologies General Contractor
-
BMWC Constructors, Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.53M
Owner & transaction history
John Thomas Wohrman · 4 yrs held
John Thomas Wohrman
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+103.1%
Medical building
$1.8M
+42.6%
Office building
$1.6M
+24.1%
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
$1,580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,250,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,535,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$1,780,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,550,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.48M (Dec 21 2021)
Last sale anchor
$1.48M
Dec 21 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
$219 / 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
$9,425
Tax year 2023
Assessed value
$195,410
Assessed 2024
Previous assessed
$166,090
+17.7% YoY
Effective rate
4.82%
On assessed value
Land market value
$194,000
Improvement market value
$990,300
Total market value
$1,184,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,968 SF
Lot
0.53 ac (23,294 SF)
Zoning code
LI
APN
302-11-083
UPID
US07-3196151
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
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE Current
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
John Thomas Wohrman
Individual
Mailing address
709 N POPLAR ST, ORANGE, CA 92868-1013
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Bmwc Constructors INC
—
Deed
related
—
Apr 21, 2022
—
John Thomas Wohrman
—
Deed
related
$900,000 · Bank Of America NA
Dec 21, 2021
$1,475,000
John Thomas Wohrman
Technology Holdings LLC
Special Warranty Deed
—
Nov 17, 2014
$558,600
Technology Holdings LLC
Lsref2 Cobalt Az LLC
Grant Deed
$678,600 · National Bk/az
May 23, 2014
$556,000
Lsref2 Cobalt Az LLC
Ugalde James L
Trustees Deed
related
—
Feb 19, 2008
$925,000
Thomas Cavinder
Thomas Cavinder SR.
Intrafamily Transfer
related
$832,000 · M & I Marshall & Ilsley Bank
Feb 15, 2007
$925,000
Thomas Cavinder SR.
Independent Industries LLC
Special Warranty Deed
$740,000 · M & I Marshall & Ilsley Bank
Jun 30, 2003
$491,500
Independent Industries LLC
Piedmont Associates Lc
Grant Deed
$552,500 · Sunrise Bank Of Arizona
Nov 22, 2000
—
Pledmont Associates Lc
Tweedy,adam B
Quit Claim Deed
related
—
Dec 23, 1997
$125,208
Adam B Tweedy
Pivotal 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
—
Feb 10, 1989
—
Commerce Ce Mesa
Unknown
Grant Deed
related
—
—
—
Thomas A Cavinder
—
Deed Of Trust
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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