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Property profile & analytics
OFF-MARKET
Estimated value
$73,580,000
Specialty properties
1456 Pecos Rd Gilbert, AZ 85295-1701
Entity Owned
8-yr Hold
Property ID
US07-0078600
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2006
Construction
STEEL FRAME
Total area
3,726 SF
Lot
13.55 ac (590,286 SF)
Zoning code
MF/M
APN
304-45-907
UPID
US07-0078600
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
-
The Highlands at Spectrum Condominium Complex Apartment Building
-
American Property Management Property Management Company
-
Website Marketing For U Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Xanadu Life Services, LLC. Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$75.14M
Blend (final)
Blend
$73.58M
Owner & transaction history
Breit Acg Mf Highlands LLC · 8 yrs held
Breit Acg Mf Highlands LLC
since 2017
7 recorded transactions
Zoning & alternative use
MF/M · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$73.58M
Range $66.22M – $80.94M · ±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
$19,748 / 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
$288,589
Tax year 2023
Assessed value
$7,129,900
Assessed 2024
Previous assessed
$6,621,670
+7.7% YoY
Effective rate
4.05%
On assessed value
Land market value
$14,259,800
Improvement market value
$57,039,200
Total market value
$71,299,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
21
Stories
1
Units
284
Total area
3,726 SF
Lot
13.55 ac (590,286 SF)
Zoning code
MF/M
APN
304-45-907
UPID
US07-0078600
Jurisdiction
MARICOPA
Zoning & alternative use
MF/M · Gilbert, AZ
Zoning MF/M · permitted uses
MF/M · 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.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
21
Units
284
Lot
13.55 ac
Current owner
From public records · entity-resolved
Breit Acg Mf Highlands LLC
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
35 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2019
—
Breit Acg Mf Highlands LLC
—
Grant Deed
related
$5,517,000 · Berkadia Com'l Mtg
Sep 29, 2017
$40,050,000
Breit Acg Mf Highlands LLC
The Highlands At Spectrum Apartment
Warranty Deed
$27,715,000 · Berkadia Commercial Mortgage LLC
Jan 12, 2011
—
Tab One Highlands Of Spectrum LLC
Highlands Of Spectrum Apartment A
Quit Claim Deed
related
—
Aug 25, 2008
$350,457
Barry Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$255,000
I Highlands Spectrum L Cropper
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$2,015,423
Roman Gardens Highlands Spectr
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$380,000
Vogel 3 Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$183,500
Highlands Spectrum Bradshaw II
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$1,200,000
Weiss Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$1,300,000
Payne Highlands Of Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$450,000
Beuth Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$997,100
Cellan Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$682,000
Highlands Spectrum L Sundquist
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$248,536
Egbert I Highlands Spectrum Ll
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$292,229
Compas I Highlands Spectrum Ll
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$320,250
Atm Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$740,000
Strawberry Highlands Spectrum
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$390,139
Rich Cougar Highlands Spectrum
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$458,578
Nance Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$411,750
Manley Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$507,465
Ottman Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$200,000
Highlands Spectrum L Cutler II
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$250,000
Flint I Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$750,000
I Highlands Spectru Greenhalgh
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$1,183,230
Jagielo Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$550,000
Busch Provo Highlands Spectrum
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$350,000
Highlands Spectrum L Munzinger
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$500,000
Highlands Spectrum Ll Anderson
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$896,204
Horton Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$300,000
Guymon Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$480,000
Keller Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$466,000
Reasor Highlands Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
Aug 4, 2008
$1,600,000
Island Highlands Spect Holland
Highlands Of Spectrum Apartment A
Warranty Deed
—
Sep 24, 2007
$650,000
Highlands Spectrum L Boulden
Highlands Of Spectrum Apartment A
Warranty Deed
—
Sep 7, 2007
$351,000
Quast Highland At Spectrum LLC
Highlands Of Spectrum Apartment A
Warranty Deed
—
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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