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Property profile & analytics
OFF-MARKET
Estimated value
$16,000,000
Flex space
1495 Baseline Rd, Gilbert, AZ 85233-1247
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-2100922
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2014
Construction
CONCRETE
Total area
109,655 SF
Lot
8.16 ac (355,354 SF)
Zoning code
BP
APN
310-10-122
UPID
US07-2100922
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
-
TLC Label Co (Bike/Boat/Book/etc) Store Printing Service
-
Creative Kindness Charitable Organization
-
Scrapbook.com Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.00M
CAP Approach
CAP
$12.21M
Comparable Approach
Comparable
$21.58M
Blend (final)
Blend
$16.00M
Owner & transaction history
Baseline Logistics Az Property Owne · 2 yrs held
Baseline Logistics Az Property Owne
since 2024
Last sale
$16.0M
6 recorded transactions
Zoning & alternative use
BP · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.4M
+44.9%
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
$16,000,000
ML approach
$16,000,000
CAP Approach
CAP Return
Estimation
6%
$13,225,000
6.5%
$12,205,000
7%
$11,335,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$16,835,000
Current use
OFFICE BUILDING
$24,390,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$16.00M
Range $14.40M – $17.60M · ±10% · vs last sale $16.00M (Jun 6 2024)
Last sale anchor
$16.00M
Jun 6 2024
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
$146 / 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
$129,813
Tax year 2023
Assessed value
$3,506,052
Assessed 2024
Previous assessed
$3,506,052
+0.0% YoY
Effective rate
3.70%
On assessed value
Land market value
$2,145,200
Improvement market value
$19,103,600
Total market value
$21,248,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
SPACE
Cooling
YES
Stories
1
Total area
109,655 SF
Lot
8.16 ac (355,354 SF)
Zoning code
BP
APN
310-10-122
UPID
US07-2100922
Jurisdiction
MARICOPA
Zoning & alternative use
BP · Gilbert, AZ
Zoning BP · permitted uses
BP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$16.8M
OFFICE BUILDING
Est. value
$24.4M
INDUSTRIAL (GENERAL) 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
2014
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
8.16 ac
Current owner
From public records · entity-resolved
Baseline Logistics Az Property Owne
Entity
Free & Clear · 2 yrs held
Mailing address
17304 PRESTON RD STE #550, DALLAS, TX 75252-5625
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$16,000,000
Baseline Logistics Az Property Owne
Kavod Rlty Gilbert Distribution Ctr
Special Warranty Deed
—
Feb 17, 2021
—
Kavod Realty Limited Partnership
—
Deed
related
$58,929,641 · Bmo Harris Bank NA
Nov 25, 2020
$13,250,000
Kavod Realty Gilbert Distr
Partners LP Sussex
Grant Deed
—
Aug 8, 2013
—
Partners LP Sussex
—
Grant Deed
related
$4,250,000 · First State Bank St Charles Mo
Dec 17, 2012
$900,000
Partners LP Sussex
Stearns Holding Co LLC
Grant Deed
—
Jan 25, 2007
$3,372,200
Olympic Communications INC
Kavir Dev LLC
Grant 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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