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Property profile & analytics
OFF-MARKET
Estimated value
$3,900,000
Strip malls
1753 Higley Rd Gilbert, AZ 85234-1636
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-2468005
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Construction
CONCRETE
Total area
6,242 SF
Lot
1.03 ac (44,664 SF)
Zoning code
R-3
APN
140-69-370
UPID
US07-2468005
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
-
Gather Loft Hair Salon Nail Salon
-
Studio 12 Salon Hair Salon
-
Beauty By Kailey Hair Salon
-
Modern luxx extensions Cosmetic Store Big Box & Wholesale Store
-
Simply Skin MedSpa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.90M
Owner & transaction history
Zaia Group 1753 LLC · 2 yrs held
Zaia Group 1753 LLC
since 2024
Last sale
$3.9M
4 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)
$5.0M
+120.5%
Restaurant
$3.4M
+50.9%
Auto repair, garage
$2.8M
+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
$3,900,000
ML approach
$3,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,010,000
Change: +121% · Conversion: Easy
RESTAURANT
$3,430,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,770,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$3.90M
Range $3.51M – $4.29M · ±10% · vs last sale $3.90M (May 14 2024)
Last sale anchor
$3.90M
May 14 2024
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
$625 / 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
$24,345
Tax year 2023
Assessed value
$376,806
Assessed 2024
Previous assessed
$324,360
+16.2% YoY
Effective rate
6.46%
On assessed value
Land market value
$961,100
Improvement market value
$1,322,573
Total market value
$2,283,673
Applied tax rate
40,603.0000
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
2017
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
6,242 SF
Lot
1.03 ac (44,664 SF)
Zoning code
R-3
APN
140-69-370
UPID
US07-2468005
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
COMMERCIAL (GENERAL)
Est. value
$5.0M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2017
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Zaia Group 1753 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5822 CHESTERFIELD CT, SAN JOSE, CA 95138-2367
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
—
Zaia Group 1753 LLC
George S Zaia
Deed
related
—
Mar 25, 2020
$3,900,000
Vives,george S Z & Dai Pt Trust
Highland At Gilbert LLC
Grant Deed
—
Mar 25, 2020
—
Zaia,g S & D H Living Trust
—
Deed
related
$2,535,000 · Bank Of The West
—
—
Zaia,g S & D H Living Trust
—
Deed Of Trust
related
$2,535,000 · Bank Of The West
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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