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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Office buildings
1475 Higley Rd 48, Gilbert, AZ 85296-4782
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0926734
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
6,614 SF
Lot
0.06 ac (2,654 SF)
Zoning code
SC
APN
304-28-792
UPID
US07-0926734
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
-
Creo School High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.21M
Owner & transaction history
Jla Re Holdings LLC · 7 yrs held
Jla Re Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+122.5%
Warehouse, storage
$1.2M
+63.3%
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
OFFICE BUILDING
$760,000
Current use
MEDICAL BUILDING
$1,690,000
Change: +123% · Conversion: Easy
WAREHOUSE, STORAGE
$1,240,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±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
$183 / 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
$9,392
Tax year 2023
Assessed value
$126,225
Assessed 2024
Previous assessed
$100,232
+25.9% YoY
Effective rate
7.44%
On assessed value
Land market value
$153,000
Improvement market value
$612,000
Total market value
$765,000
Applied tax rate
600,605.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
6,614 SF
Lot
0.06 ac (2,654 SF)
Zoning code
SC
APN
304-28-792
UPID
US07-0926734
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Gilbert, AZ
Zoning SC · permitted uses
SC · 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
OFFICE BUILDING Current
Est. value
$760,000
MEDICAL BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jla Re Holdings LLC
Entity
Mailing address
133 N SKI CT, GILBERT, AZ 85233-5209
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2018
$4,000,000
Jla Re Holdings LLC
Higley Park East LLC
Grant Deed
—
Feb 16, 2018
—
Higley Park East LLC
Higley Park Common LLC
Quit Claim Deed
related
—
Oct 1, 2012
—
Higley Park Commons L Champion
—
Deed Of Trust
related
$1,900,000 · A10 Capital LLC
Sep 6, 2011
—
Champion Higley Park Common Ll
Champion Higley Park Commons L
Quit Claim Deed
related
$3,700,000 · A10 Capital LLC
Mar 12, 2010
—
Higley Park Commons L Champion
—
Deed Of Trust
related
$4,000,000 · B&a Capital Partners LLC
Dec 21, 2007
—
Champion Higley Pk Commons Lll
Owner Name Unavailable
Grant Deed
related
—
—
—
Champion Higley Park Common Ll
—
Deed Of Trust
related
—
—
—
Champion Higley Park Common Ll
—
Deed Of Trust
related
$4,000,000 · Bankers Tr
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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