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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Retail space
1514 Ray Rd Gilbert, AZ 85296-4425
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-1134918
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
CONCRETE
Total area
7,000 SF
Lot
0.93 ac (40,421 SF)
Zoning code
C-N
APN
304-25-912
UPID
US07-1134918
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
-
Dunn-Edwards Paints Factory Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.00M
Owner & transaction history
Dunn Edwards Corporation · 13 yrs held
Dunn Edwards Corporation
since 2012
7 recorded transactions
Zoning & alternative use
C-N · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+20.9%
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
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
RETAIL STORES
$2,570,000
Current use
AUTO REPAIR, GARAGE
$3,110,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,545,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±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
$286 / 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
$21,402
Tax year 2023
Assessed value
$275,693
Assessed 2024
Previous assessed
$237,932
+15.9% YoY
Effective rate
7.76%
On assessed value
Land market value
$623,000
Improvement market value
$1,047,869
Total market value
$1,670,869
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,000 SF
Lot
0.93 ac (40,421 SF)
Zoning code
C-N
APN
304-25-912
UPID
US07-1134918
Jurisdiction
MARICOPA
Zoning & alternative use
C-N · Gilbert, AZ
Zoning C-N · permitted uses
C-N · 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
RETAIL STORES Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Dunn Edwards Corporation
Entity
Mailing address
4885 E 52ND PL, VERNON, CA 90058-5507
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2016
—
Dunn-edwards Corp
—
Deed
related
—
Sep 24, 2012
$1,320,000
Dunn Edwards Corporation
David Goldberg
Warranty Deed
$13,000,000 · Wells Fargo Bank NA
Mar 26, 2008
—
David Goldberg
Dunn-edwards Corp
Quit Claim Deed
related
—
Sep 28, 2006
—
David Goldberg
—
Trustees Deed
related
$3,100,000 · Irwin Union Bank Fsb
Feb 24, 2006
$324,000
Valvistaray Pads Investors LLC
Bushell Michael J Trust
Grant Deed
$650,000 · Irwin Union Bank Fsb
Dec 7, 2004
—
David Goldberg
Western Skies Village Center P
Grant Deed
$4,000,000 · Irwin Union Bank Fsb
May 28, 2004
—
Western Skies Village Center
—
Deed Of Trust
related
$4,200,000 · Associated Bank
—
—
David Goldberg
—
Deed Of Trust
related
$1,050,000 · Firstbank NA
—
—
Dunn-edwards Corp
—
Loan Modification
related
—
—
—
Stuart F Zall
—
Deed Of Trust
related
$650,000 · Irwin Union Bank Fsb
—
—
Stuart F Zall
—
Deed Of Trust
related
$4,000,000 · Irwin Union Bank Fsb
—
—
David Goldberg
—
Deed Of Trust
related
$2,820,376 · First Bank Of Arizona
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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