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Property profile & analytics
OFF-MARKET
Estimated value
$6,070,000
Strip malls
1431 Williams Fld Rd Gilbert, AZ 85295-1690
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-3303816
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
10,800 SF
Lot
10.45 ac (455,056 SF)
Zoning code
R-3
APN
304-45-835
UPID
US07-3303816
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
-
Vero Chicago Pizza Restaurant
-
Pita Jungle Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.07M
Blend (final)
Blend
$6.07M
Owner & transaction history
Gilbert Center Holdings LLC · 12 yrs held
Gilbert Center Holdings LLC
since 2013
7 recorded transactions
Zoning & alternative use
R-3 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.7M
+120.5%
Restaurant
$5.9M
+50.9%
Auto repair, garage
$4.8M
+22.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,930,000
Current use
COMMERCIAL (GENERAL)
$8,665,000
Change: +121% · Conversion: Easy
RESTAURANT
$5,930,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,795,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$3,965,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$6.07M
Range $5.46M – $6.68M · ±10%
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
$562 / 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
$139,270
Tax year 2023
Assessed value
$2,505,124
Assessed 2024
Previous assessed
$2,171,829
+15.3% YoY
Effective rate
5.56%
On assessed value
Land market value
$5,957,300
Improvement market value
$9,847,900
Total market value
$15,805,200
Applied tax rate
410,618.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
6
Stories
1
Units
6
Total area
10,800 SF
Lot
10.45 ac (455,056 SF)
Zoning code
R-3
APN
304-45-835
UPID
US07-3303816
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Gilbert, AZ
Zoning R-3 · permitted uses
R-3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$8.7M
RESTAURANT
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
10.45 ac
Current owner
From public records · entity-resolved
Gilbert Center Holdings LLC
Entity
Mailing address
5544 COLLINGWOOD CIR, CALABASAS, CA 91302-3140
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
—
David A Steinbrecher
—
Deed
related
$1,000,000 · Eclipse Bank INC
Oct 5, 2017
—
Gilbert Center Holdings LLC
—
Grant Deed
related
$30,000,000 · Bank Of America
Aug 27, 2013
—
Gilbert Center Holdings LLC
Svw Partners LLC
Grant Deed
$23,000,000 · Bank Of America
May 8, 2012
—
Svw Partners LLC
Spectrum Town Center Prop LLC
Grant Deed
related
—
Feb 24, 2006
$600,000
Williamsfield Road
Weber,geraldine
Grant Deed
—
Feb 24, 2006
$1,750,000
Williamsfield Road
Golshan Kaveh & S Fam Trust
Grant Deed
—
Feb 24, 2006
$1,150,000
Williamsfield Road
Aga LLC
Grant Deed
—
Aug 11, 2005
$3,070,000
Williamsfield Road
Gptm LLC
Grant Deed
—
Aug 9, 2005
$3,070,000
Gptm LLC
Williamsfield & Val Vista
Grant Deed
—
Aug 4, 2005
$8,290,000
Williamsfield Road & Val Vista LLC
Continental Gilbert LLC
Special Warranty Deed
$5,388,500 · Irwin Union Bank & Trust Co
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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