Technical
Financial
Distress signals
Property profile

2048 Longhorn Dr Gilbert, AZ 85297

OFF-MARKET
Commercial land
Property ID
US07-1811873
1,944 SF 2.88 ac lot Built 2000
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2000
Total area 1,944 SF
Lot 2.88 ac (125,378 SF)
Zoning code GO
APN 304-53-828
UPID US07-1811873

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2048 Longhorn Dr Gilbert, AZ 85297-2082
Gilbert metro Census 815401 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.71M

Owner & transaction history

since 2022
Last sale
$1.8M
6 recorded transactions
2022
$1.8M
2020
$1.2M
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GO · Gilbert, AZ
Zoning description

The General Office district is the most intensive office zoning district. Designated for large scale, single or multiple story medical, professional, general or service type office uses. The only residential land uses al…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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