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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Flex space
1545 Mcqueen Rd Gilbert, AZ 85233-1112
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0786264
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Construction
CONCRETE
Total area
4,416 SF
Lot
0.38 ac (16,683 SF)
Zoning code
GC
APN
302-11-003B
UPID
US07-0786264
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
-
Fast Glass Hardware & Home Improvement Interior Design
-
Falcon Automotive Group Car Dealership
-
Benjamin Franklin Plumbing Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$1.08M
Owner & transaction history
Maximum Management Corporation · 3 yrs held
Maximum Management Corporation
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
GC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+139.1%
Neighborhood: shopping center
$1.6M
+137.0%
Medical building
$1.1M
+66.5%
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
$1,215,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$680,000
Current use
RETAIL STORES
$1,620,000
Change: +139% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,605,000
Change: +137% · Conversion: Difficult
MEDICAL BUILDING
$1,130,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$790,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.21M (Jun 1 2023)
Last sale anchor
$1.21M
Jun 1 2023
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
$243 / 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
$6,938
Tax year 2023
Assessed value
$146,702
Assessed 2024
Previous assessed
$110,636
+32.6% YoY
Effective rate
4.73%
On assessed value
Land market value
$169,200
Improvement market value
$719,900
Total market value
$889,100
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
4,416 SF
Lot
0.38 ac (16,683 SF)
Zoning code
GC
APN
302-11-003B
UPID
US07-0786264
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Gilbert, AZ
Zoning GC · permitted uses
GC · 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
$680,000
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$790,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Maximum Management Corporation
Entity
Mailing address
PO BOX 614, BEVERLY HILLS, CA 90213-0614
Ownership since
2023
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
Jun 1, 2023
—
Maximum Management Corporation
1545 Mcqueen LLC
Special Warranty Deed
—
Dec 3, 2021
$790,000
1545 Mcqueen LLC
Mark S Gunning
Warranty Deed
$428,650 · Ks Statebank
Dec 3, 2021
—
Mark S Gunning
—
Deed
related
$319,000 · Firstbank
May 15, 2018
—
Mark S Gunning
—
Deed
related
$80,000 · Rogness Richard R
Jul 2, 2008
—
Mark S Gunning
Mark S Gunning INC
Quit Claim Deed
—
—
—
Mark S Gunning INC
—
Deed Of Trust
related
$40,000 · Mesa Bank
—
—
Mark S Gunning
—
Deed Of Trust
related
$80,000 · Rogness Richard R
—
—
Mark S Gunning INC
—
Deed Of Trust
related
$200,000 · Mesa Bank
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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