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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Banks
160 Mcqueen Rd, Gilbert, AZ 85233-5000
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0404485
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2001
Construction
CONCRETE
Total area
8,902 SF
Lot
2.74 ac (119,520 SF)
Zoning code
C-C
APN
302-23-011
UPID
US07-0404485
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
-
Hippo Veterinary Group Corporate Office
-
Titan Solar Power - Finance Department Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.34M
Blend (final)
Blend
$3.19M
Owner & transaction history
160 Nmcq LLC · 2 yrs held
160 Nmcq LLC
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
C-C · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,960,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$5,200,000
Current use
RESTAURANT
$4,890,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $3.30M (Nov 27 2023)
Last sale anchor
$3.30M
Nov 27 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
$358 / 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
$32,421
Tax year 2023
Assessed value
$650,792
Assessed 2024
Previous assessed
$575,520
+13.1% YoY
Effective rate
4.98%
On assessed value
Land market value
$1,542,200
Improvement market value
$2,431,435
Total market value
$3,973,635
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,902 SF
Lot
2.74 ac (119,520 SF)
Zoning code
C-C
APN
302-23-011
UPID
US07-0404485
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Gilbert, AZ
Zoning C-C · permitted uses
C-C · 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
FINANCIAL BUILDING Current
Est. value
$5.2M
RESTAURANT
Est. value
$4.9M
FINANCIAL BUILDING Current
RESTAURANT
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
160 Nmcq LLC
Entity
Mailing address
125 S KING ST2A, JACKSON, WY 83001-8124
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
$3,300,000
160 Nmcq LLC
Mcqueen 160 LLC
Special Warranty Deed
—
Jun 15, 2021
—
Mcqueen160 LLC
—
Deed
related
$1,050,000 · Bankers Trust Company NA
Oct 1, 2020
$1,750,000
Mcqueen160 LLC
Bmo Gilbert Az LLC
Grant Deed
—
Aug 12, 2016
$2,925,000
Bmo Gilbert Az LLC
Cp Maple Leaf 2 LLC
Grant Deed
—
Mar 23, 2015
$2,917,165
Cp Maple Leaf 2 LLC
Bmo Harris Bank NA
Special Warranty Deed
$36,333,582 · Starwood Property Mortgage Bc LLC
Feb 29, 2000
—
M & I Thunderbird Bank
Baptist Foundation Credit Corp
Grant Deed
related
—
Aug 17, 1998
$2,851,210
Baptist Foundation Credit Corp
Foundation Adminstrative
Grant Deed
related
—
Jul 9, 1998
$2,851,210
Foundation Administrative Svcs
Foundation Investments INC
Grant Deed
related
—
Apr 29, 1997
$3,878,115
Foundation Investments INC
New Credit Corp
Grant Deed
—
Dec 12, 1994
$3,100,000
F M C Holding Corp
First Acceptance Corp
Trustees Deed
—
Dec 12, 1994
$4,100,000
New Church Ventures Credit Corp
Fmc Holding Corp
Trustees Deed
related
—
Sep 30, 1991
$2,444,937
Acceptance First
Foundation Devel
Grant Deed
related
—
—
—
Foundation Devel
—
Deed Of Trust
related
$1,680,000
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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