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    1530 Val Vis Dr Gilbert, AZ 85296-3859
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    Property profile & analytics

    1530 Val Vis Dr, Gilbert, AZ 85296-3859

    View on Map
    • Retail space
    • 6,000 SF
    • 0.87 lot acres
    Off-Market
    Property ID
    US07-1290673
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maskadores taco shop / Take-out & Catering / Catering Service
    • Abby Lin Beauty LLC / Hair Salon
    • Aria Beauty Lounge LLC / Hair Salon / Nail Salon
    • Accident Chiropractors / Alternative Medicine Practice
    • Leading Edge Medical / Alternative Medicine Practice

    Property Details for 1530 Val Vis Dr

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    0.87 lot acres
    Zone code
    C-N
    Property type
    Retail space
    APN
    304-25-914
    APU
    30425914

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2022 — Vvr Partners LLC — Deed · related $1M · Firstbank
    Mar 3, 2016 — Vvr Partners LLC Goldberg,david & Susan Quit Claim Deed · related —
    Mar 3, 2016 $399,959 David Goldberg Valvistaray Pads Invtrs Ll Quit Claim Deed · related —
    Apr 21, 2015 — David Goldberg Valvistaray Pads Investors LLC Quit Claim Deed · related —
    Oct 1, 2009 — David Goldberg — Deed Of Trust · related $2.8M · First Bank Of Arizona
    Feb 24, 2006 $324,000 Valvistaray Pads Investors LLC Bushell Michael J Trust Grant Deed $650k · Irwin Union Bank Fsb
    Dec 7, 2004 $6,705,000 David Goldberg Western Skies Village Cent Grant Deed · related $4M · Irwin Union Bank Fsb
    May 28, 2004 — Western Skies Village Center — Deed Of Trust · related $4.2M · Associated Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,013,000
      Market price range: $1.12M - $4.16M
      AI Estimate
      $1,634,000
      Market price range: $1.11M - $3.55M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,205,000
      Current use
      AUTO REPAIR, GARAGE
      $2,665,000
      Change: +21% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,185,000
      Change: -1% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.756
    Latitude
    33.3225
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,297
    $0.00
    $0.00
    $251,435
    -
    $592,200
    $931,649
    $1,523,849

    Comparable in this City

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      $22,835,000
      41,632 SF

      3150 Ray Rd

      RETAIL STORES (PERSONAL SERVICES)
      3150 Ray Rd, Gilbert, AZ 85296-1198
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    • Value Estimation
      $3,295,000
      5,127 SF

      Gilbert, AZ 85296

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    • Value Estimation
      $815,000
      1,437 SF

      607 Gilbert Rd

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $515,000
      804 SF

      1370 Higley Rd

      RETAIL STORES (PERSONAL SERVICES)
      1370 Higley Rd, Gilbert, AZ 85296-4702
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    • Value Estimation
      $1,345,000
      2,498 SF

      12247 Gilbert Rd

      RETAIL STORES (PERSONAL SERVICES)
      12247 Gilbert Rd, Gilbert, AZ 85296-2835
      View Details
    • Value Estimation
      $12,100,000
      7,110 SF

      1245 Warner Rd

      RETAIL STORES (PERSONAL SERVICES)
      1245 Warner Rd, Gilbert, AZ 85296-3109
      View Details

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      Freestanding Former Bank Opportunity

      Former bank with drive-thru, ideal for retail or redevelopment.
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      Retail property serving a high-income, educated community.
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    Similar Nearby for Lease

    • $22 SF/Yr
      16,487 SF

      Gilbert Road Office Space Available

      1,225 SF Office Suite in Prime Gilbert Location
      538 Gilbert Rd, Gilbert, AZ 85296
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      11,500 SF

      Gilbert Retail/Restaurant/Automotive Space

      11,500 SF retail building suitable for restaurant or automotive businesses.
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      6,000 SF

      Retail Space in Gilbert, Arizona

      Retail space available in a densely populated, high-income area.
      S Higley Rd, Gilbert, AZ 85296
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      2,450 SF

      Retail Space Available For Rent

      Retail space available for lease in Gilbert, Arizona.
      789 S Briarwood Ln, Gilbert, AZ 85296
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      1,480 SF

      Retail Space in Gilbert Town

      Retail space available in Gilbert Town Square shopping center.
      1090-1094 S Gilbert Rd, Gilbert, AZ 85296
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      3,403 SF

      Retail & Restaurant Space Available

      End-cap retail and fully equipped restaurant space for lease.
      1534 E Ray Rd, Gilbert, AZ 85296
      View Details

    Property Visit Statistics

    • Visits by month
      19.0k
    • Visitors by month
      16.5k
    • Avg Time on site
      6 min
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    Gilbert, AZ 85296-3859
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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