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Property profile & analytics
OFF-MARKET
Estimated value
$23,700,000
Office Spaces
1760 Pecos Rd, Gilbert, AZ 85295-3200
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1685305
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Construction
STEEL FRAME
Total area
119,421 SF
Lot
0.22 ac (9,747 SF)
Zoning code
C-O
APN
304-47-972
UPID
US07-1685305
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
-
KRG Realty Real Estate Agency
-
Swift Kimberly Midwife
-
J&M Psychiatry Crisis Center Medical Clinic
-
Dr. Grayson J. Guzman, MD Physician
-
Ma'am Exams - Gilbert Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.58M
Comparable Approach
Comparable
$21.49M
Blend (final)
Blend
$23.70M
Owner & transaction history
Altera Rome Towers LLC · 4 yrs held
Altera Rome Towers LLC
since 2022
7 recorded transactions
Zoning & alternative use
C-O · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,955,000
6.5%
$28,575,000
7%
$26,535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$33,530,000
Current use
MEDICAL BUILDING
$30,520,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$23.70M
Range $21.33M – $26.07M · ±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
$198 / 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 2015Property tax & assessments
Tax year 2015
Tax billed
$21,460
Tax year 2015
Assessed value
$249,876
Assessed 2016
Effective rate
8.59%
On assessed value
Assessed land
$49,968
Assessed improvement
$199,908
Land market value
$277,600
Improvement market value
$1,110,600
Total market value
$1,388,200
Applied tax rate
410,618.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
5
Total area
119,421 SF
Lot
0.22 ac (9,747 SF)
Zoning code
C-O
APN
304-47-972
UPID
US07-1685305
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Gilbert, AZ
Zoning C-O · permitted uses
C-O · 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
OFFICE BUILDING Current
Est. value
$33.5M
MEDICAL BUILDING
Est. value
$30.5M
OFFICE BUILDING Current
MEDICAL BUILDING
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
2007
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Altera Rome Towers LLC
Entity
Mailing address
PO BOX 305, BRANDON, SD 57005-0305
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$37,187,500
Altera Rome Towers LLC
Rome Towers Medical Properties LP
Special Warranty Deed
$180,500,000 · Capital One Bank NA
Oct 31, 2019
$26,000,000
Rome Towers Medical Properties LP
Security Acceptance Services LLC
Special Warranty Deed
$20,600,000 · Western Alliance Bank
Oct 31, 2019
$650,000
Rome Towers Medical Propert
Sbs Holdings LLC
Grant Deed
—
Jun 24, 2019
$2,635,520
Security Acceptance Services LLC
Rome Towers LLC
Special Warranty Deed
$4,432,000 · First Dakota National Bank
Feb 12, 2018
$630,000
Cp Johnson Investments LLC
Lahodas PLLC
Warranty Deed
$67,000 · Jpmorgan Chase Bank NA
Jan 9, 2018
$813,185
Security Acceptance Svcs Ll
Rome Towers LLC
Grant Deed
—
Feb 10, 2017
$392,500
Sbs Holdings LLC
Veloce Ventures INC
Warranty Deed
$294,375 · 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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