Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,870,000
Strip malls
183 Williams Fld Rd Gilbert, AZ 85295-5222
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-3422285
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
CONCRETE
Total area
14,000 SF
Lot
3.73 ac (162,439 SF)
Zoning code
SC
APN
304-44-896
UPID
US07-3422285
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
-
Progressive Car Insurance Insurance Agency
-
Battery Giant & Electronics Auto Parts Store
-
Gilbert Chiropractic Spine & Injury Center Alternative Medicine Practice
-
Next Level Krav Maga & Gracie Humaita BJJ Training Center Sports School
-
Gravitate Smoke & Vape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.87M
Blend (final)
Blend
$7.87M
Owner & transaction history
Land Shak Holdings LLC · 8 yrs held
Land Shak Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.2M
+120.5%
Restaurant
$7.7M
+50.9%
Auto repair, garage
$6.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,095,000
Current use
COMMERCIAL (GENERAL)
$11,235,000
Change: +121% · Conversion: Easy
RESTAURANT
$7,690,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,215,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$5,140,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$7.87M
Range $7.08M – $8.66M · ±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
$562 / 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
$39,082
Tax year 2023
Assessed value
$979,049
Assessed 2024
Previous assessed
$846,974
+15.6% YoY
Effective rate
3.99%
On assessed value
Land market value
$1,692,400
Improvement market value
$4,241,229
Total market value
$5,933,629
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
14,000 SF
Lot
3.73 ac (162,439 SF)
Zoning code
SC
APN
304-44-896
UPID
US07-3422285
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Gilbert, AZ
Zoning SC · permitted uses
SC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$11.2M
RESTAURANT
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$6.2M
RETAIL STORES
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2005
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
3.73 ac
Current owner
From public records · entity-resolved
Land Shak Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
23945 CALABASAS RD STE #101, CALABASAS, CA 91302-1500
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2018
$1,750,000
Land Shak Holdings LLC
Grove Arizona LLC
Grant Deed
—
Jan 18, 2018
$3,500,000
Grove Arizona LLC
Gilbert Fiesta II Lots 2 & 3 LLC
Special Warranty Deed
—
Sep 9, 2015
$2,900,000
Gilbert Fies II Lots 2 & 3 LLC
Iptv B L6-102 LLC
Special Warranty Deed
$2,340,000 · Cobiz Bank
Sep 24, 2010
$2,942,974
Iptv-b-l6-102 LLC
Petrowski,lawrence C
Trustees Deed
—
Mar 30, 2007
$12,414,589
Gilbert Fiesta LLC
Williamsfield Road & Gilbert L
Grant Deed
$9,950,000 · Column Financial INC
Mar 27, 2007
$1,025,973
Basso Family Trust
Williamsfield Road & Gilbert L
Grant Deed
—
Mar 27, 2007
$260,639
Gregory A Ogiela
Williamsfield Road & Gilbert L
Grant Deed
—
Jun 21, 2005
$220,000
Gregory A Ogiela
Williamsfield Road & Gilbert L
Quit Claim Deed
related
—
Jan 27, 2005
$302,379
Jay H Youngman
Williamsfield Road & Gil
Quit Claim Deed
related
—
Jan 20, 2005
$830,000
Basso Trust
Williamsfield Road & Gil
Quit Claim Deed
related
—
—
—
Iptv-b-l6-102 LLC
—
Loan Modification
related
$13,582,250 · A10 Revolving Asset Financing
—
—
Iptv-b-l6-102 LLC
—
Deed Of Trust
related
$37,887,000 · A10 Capital LLC
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?”
You own 183 Williams Fld Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
