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Property profile & analytics
OFF-MARKET
Estimated value
$6,045,000
Strip malls
1525 Higley Rd Gilbert, AZ 85234-1632
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2465231
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Total area
12,285 SF
Lot
1.84 ac (80,015 SF)
Zoning code
R-3
APN
313-12-901
UPID
US07-2465231
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
-
Banfield Pet Hospital Veterinary Clinic
-
Darkwyvern LLC (Bike/Boat/Book/etc) Store Corporate Office
-
U.S. CAD, Inc. Vocational School Training Center
-
NHERG Community Center
-
Sandoval Freestyle Karate Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.05M
Blend (final)
Blend
$6.05M
Owner & transaction history
One Der Works II LLC · 7 yrs held
One Der Works II LLC
since 2018
7 recorded transactions
Zoning & alternative use
R-3 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 8)
Top alternative use upside
Commercial (general)
$9.9M
+120.5%
Restaurant
$6.8M
+50.9%
Auto repair, garage
$5.5M
+22.0%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,470,000
Current use
COMMERCIAL (GENERAL)
$9,860,000
Change: +121% · Conversion: Easy
RESTAURANT
$6,750,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,455,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$4,510,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$6.05M
Range $5.44M – $6.65M · ±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
$492 / 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
$43,436
Tax year 2023
Assessed value
$745,585
Assessed 2024
Previous assessed
$639,625
+16.6% YoY
Effective rate
5.83%
On assessed value
Land market value
$1,328,700
Improvement market value
$3,189,995
Total market value
$4,518,695
Applied tax rate
410,609.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
12,285 SF
Lot
1.84 ac (80,015 SF)
Zoning code
R-3
APN
313-12-901
UPID
US07-2465231
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Gilbert, AZZoning R-3 · permitted uses
R-3 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 8)
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$9.9M
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RETAIL STORES
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2020
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
1.84 ac
Current owner
From public records · entity-resolved
One Der Works II LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2415 E CAMELBACK RD STE #900, PHOENIX, AZ 85016-4295
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Oct 28, 2021
—
Katls Investments LLC
—
Deed
related
$700,000 · First Citizens Bank & Trust Co
Sep 24, 2021
—
Katls Investments LLC
—
Deed
related
$700,000 · First Citizens Bank & Trust Co
Mar 30, 2020
—
Barclay Holdings Lxix LLC
—
Deed
related
$13,272,000 · Truist Bk
Aug 31, 2018
$530,000
One Der Works II LLC
Higley Park East LLC
Grant Deed
—
Jun 12, 2018
—
Katls Investments LLC
—
Deed
related
$771,100 · Seacoast Cmrc Bk
Feb 16, 2018
—
Higley Park East LLC
Higley Park Commons 14 LLC
Quitclaim Deed
related
—
Jan 17, 2018
$494,560
Katls Investments LLC
Higley Park Commons 14 LLC
Special Warranty Deed
$771,100 · Seacoast Commerce Bank
—
—
Barclay Holdings Lxix LLC
—
Loan Modification
related
$13,272,000 · Truist 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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