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Property profile & analytics
FOR SALE
Commercial land
1777 E Melrose St Gilbert, AZ 85297
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1287954
For Sale
$888,624
1777 E Melrose St, Gilbert, AZ 85297
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1972
Total area
1,230 SF
Lot
1.79 ac (77,914 SF)
Zoning code
C-BP
APN
304-53-130A
UPID
US07-1287954
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Farid Ghebleh · 3 yrs held
Farid Ghebleh
since 2022
7 recorded transactions
Zoning & alternative use
C-BP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$1,378 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,508
Tax year 2022
Assessed value
$179,925
Assessed 2024
Previous assessed
$161,910
+11.1% YoY
Effective rate
3.62%
On assessed value
Land market value
$1,199,500
Total market value
$1,199,500
Applied tax rate
410,609.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1972
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Rooms
6
Total area
1,230 SF
Lot
1.79 ac (77,914 SF)
Zoning code
C-BP
APN
304-53-130A
UPID
US07-1287954
Jurisdiction
MARICOPA
Zoning & alternative use
C-BP · Gilbert, AZ
Zoning C-BP · permitted uses
C-BP · 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.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Cooling
Yes
Stories
1
Rooms
6
Lot
1.79 ac
Current owner
From public records · entity-resolved
Farid Ghebleh
Individual
Mailing address
15343 E MELROSE ST, GILBERT, AZ 85297
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2022
—
Farid Ghebleh
Jrhg LLC
Special Warranty Deed
—
Oct 17, 2013
$310,000
Jrhg LLC
Melrose Fam Prop Invs LLC
Grant Deed
—
Jan 24, 2006
—
Melrose Family Prop Invs LLC
Owner Name Unavailable
Grant Deed
related
—
Dec 2, 2005
$575,000
Caballero West Investments
Caballero,m C
Grant Deed
related
—
May 17, 2005
$575,000
Fam Prop Investments L Melrose
Caballero,m C
Grant Deed
—
—
—
Melrose Family Properties LLC
—
Deed Of Trust
related
—
—
—
Bedia Family LLC
—
Deed Of Trust
related
$561,000 · Worldwide Investments LLC
—
—
M C Caballero
—
Deed Of Trust
related
$515,465 · Farm Credit Services Southwest
—
—
Jrhg LLC
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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