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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Warehouses
1509 Harvard Ave Gilbert, AZ 85233-3054
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3288455
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
CONCRETE
Total area
14,080 SF
Lot
0.94 ac (41,136 SF)
Zoning code
LI
APN
302-12-470
UPID
US07-3288455
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
-
Power Product Services -Now powered by Exponential Power Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.65M
Owner & transaction history
Toproa Properties LLC · 4 yrs held
Toproa Properties LLC
since 2021
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.6M
+42.6%
Office building
$3.1M
+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
$2,625,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,060,000
6.5%
$1,905,000
7%
$1,765,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,525,000
Current use
MEDICAL BUILDING
$3,600,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$3,130,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10% · vs last sale $2.45M (Dec 22 2021)
Last sale anchor
$2.45M
Dec 22 2021
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
$188 / 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
$15,809
Tax year 2023
Assessed value
$360,129
Assessed 2024
Previous assessed
$292,043
+23.3% YoY
Effective rate
4.39%
On assessed value
Land market value
$721,200
Improvement market value
$1,461,400
Total market value
$2,182,600
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,080 SF
Lot
0.94 ac (41,136 SF)
Zoning code
LI
APN
302-12-470
UPID
US07-3288455
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
$2.5M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Toproa Properties LLC
Entity
Mailing address
7533 W BOSTIAN RD, WOODINVILLE, WA 98072-6020
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$2,450,000
Toproa Properties LLC
Edm Property Management LLC
Special Warranty Deed
$1,837,500 · Heritage Southeast Bank
Nov 17, 2016
—
Edm Property Management LLC
—
Deed
related
$583,400 · Wells Fargo Bank NA
Oct 22, 2004
$1,120,000
Edm Property Management LLC
Squamar Fiesta I LLC
Grant Deed
$566,000 · Wells Fargo Bank
Jul 31, 2001
$617,110
Squamar Fiesta I LLC
Phoenix Fiesta Ranch Investors
Grant Deed
$211,405 · Phoenix Fiesta Ranch Investors
—
—
Edm Property Management LLC
—
Deed Of Trust
related
$467,000 · Business Development Finance
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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