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Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Warehouses
1440 San Pedro St Gilbert, AZ 85233-2413
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0748616
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
CONCRETE
Total area
20,436 SF
Lot
1.27 ac (55,227 SF)
Zoning code
LI
APN
302-12-048
UPID
US07-0748616
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
-
Southwestern Industrial Plumbing Service Building Supply
-
Southwestern Professional Sales Group Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.01M
Owner & transaction history
Arc Gilbert 1440 LLC · 4 yrs held
Arc Gilbert 1440 LLC
since 2022
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+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
$3,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,990,000
6.5%
$2,760,000
7%
$2,565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,660,000
Current use
OFFICE BUILDING
$4,545,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10% · vs last sale $3.10M (Apr 12 2022)
Last sale anchor
$3.10M
Apr 12 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
$147 / 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
$19,960
Tax year 2023
Assessed value
$480,744
Assessed 2024
Previous assessed
$383,503
+25.4% YoY
Effective rate
4.15%
On assessed value
Land market value
$394,400
Improvement market value
$2,519,200
Total market value
$2,913,600
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
1997
Construction
CONCRETE
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Total area
20,436 SF
Lot
1.27 ac (55,227 SF)
Zoning code
LI
APN
302-12-048
UPID
US07-0748616
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
$3.7M
OFFICE BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE Current
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
1997
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Arc Gilbert 1440 LLC
Entity
Mailing address
7109 E 2ND ST STE #108, SCOTTSDALE, AZ 85251-5605
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2022
$3,100,000
Arc Gilbert 1440 LLC
Jim & Teri Enterprises LLC
Special Warranty Deed
$15,253,894 · Zb NA
Mar 31, 1998
$1,234,150
Jim & Terri Enterprises LLC
Bdg 40 LLC
Grant Deed
$1,110,000 · Commerce Loan Co Ado Bank Comm
Mar 31, 1997
$248,563
40 L L C Bdg
Steele Foundation
Grant Deed
$186,422 · Seller
Jul 2, 1996
$960,707
Steele Foundation INC
Robert & Carol Schwab
Grant Deed
—
Feb 6, 1995
—
Robert Schwab
Schwab
Quit Claim Deed
related
—
May 3, 1991
—
Robert G Schwab
Resolution Trust
Grant Deed
related
—
—
—
40 L L C Bdg
—
Deed Of Trust
related
$680,000 · Commerce Loan Co
—
—
40 L L C Bdg
—
Deed Of Trust
related
$768,000 · Commerce Loan Co
—
—
Jim & Teri Enterprises LLC
—
Deed Of Trust
related
$645,000 · Wells Fargo Bank Arizona
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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