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Property profile & analytics
OFF-MARKET
Estimated value
$11,935,000
Automotive properties
1489 Motorplex Loop, Gilbert, AZ 85297-0410
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-2139002
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2010
Construction
CONCRETE
Total area
12,600 SF
Lot
4.5 ac (196,015 SF)
Zoning code
C-C
APN
304-54-073
UPID
US07-2139002
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
-
Ken Garff Volkswagen Gilbert Car Dealership
-
Parts Department at Ken Garff Volkswagen Gilbert Auto Parts Store
-
Service Department at Ken Garff Volkswagen Gilbert Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.39M
Blend (final)
Blend
$11.94M
Owner & transaction history
Hoppy Gilbert LLC · 3 yrs held
Hoppy Gilbert LLC
since 2022
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
C-C · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.1M
+80.8%
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
$11,800,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,110,000
Change: +81% · Conversion: Moderate
Blend value · Realmo final
$11.94M
Range $10.74M – $13.13M · ±10% · vs last sale $12.00M (Dec 12 2022)
Last sale anchor
$12.00M
Dec 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
$947 / 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
$75,367
Tax year 2023
Assessed value
$1,648,516
Assessed 2024
Previous assessed
$1,429,615
+15.3% YoY
Effective rate
4.57%
On assessed value
Land market value
$4,352,200
Improvement market value
$5,638,808
Total market value
$9,991,008
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
12,600 SF
Lot
4.5 ac (196,015 SF)
Zoning code
C-C
APN
304-54-073
UPID
US07-2139002
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Gilbert, AZ
Zoning C-C · permitted uses
C-C · 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
COMMERCIAL (GENERAL)
Est. value
$10.1M
COMMERCIAL (GENERAL)
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
2010
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
4.5 ac
Current owner
From public records · entity-resolved
Hoppy Gilbert LLC
Entity
Free & Clear · 3 yrs held
Mailing address
111 E BROADWAY STE #900, SALT LAKE CITY, UT 84111-5235
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
Hoppy Gilbert LLC
—
Deed
related
$8,836,367 · Columbia Bank
Dec 12, 2022
$12,000,000
Hoppy Gilbert LLC
Earnhardt Arizona Properties LLC
Special Warranty Deed
—
Feb 5, 2020
—
Earnhardt Arizona Prop LLC
—
Deed
related
$6,410,397 · Jp Morgan Chase Bk
Nov 24, 2014
$10,375,000
Earnhardt Arizona Properties LLC
San Tan Motorplex INC
Special Warranty Deed
$8,500,000 · Jpmorgan Chase Bank NA
Jan 4, 2006
$653,400
No Bull LLC
San Tan Motorplex INC
Grant Deed
—
May 11, 2005
—
Santan Motorplex INC
Owner Name Unavailable
Grant Deed
related
—
—
—
Earnhardt Arizona Prop LLC
—
Loan Modification
related
$6,410,397 · Jp Morgan Chase Bk
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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