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Property profile & analytics
FOR SALE
Industrial properties
2065 W Obispo Ave Gilbert, AZ 85233
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1118701
For Sale
1 / 3
$12,000,000
2065 W Obispo Ave, Gilbert, AZ 85233
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2005
Construction
CONCRETE
Total area
39,530 SF
Lot
3.13 ac (136,284 SF)
Zoning code
LI
APN
302-24-397
UPID
US07-1118701
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
-
Enovasys LLC (Bike/Boat/Book/etc) Store Corporate Office
-
NeRD Roofing Contractor Solar Energy System Service
-
Benson Charites Foundation Charitable Organization
-
WeLink Communications – Phoenix Telecommunications Service Data Center
-
Benson Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andrew Herring · 1 yrs held
Andrew Herring
since 2024
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
LI · 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
—
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
$65,470
Tax year 2023
Assessed value
$1,352,340
Assessed 2024
Previous assessed
$1,352,340
+0.0% YoY
Effective rate
4.84%
On assessed value
Land market value
$1,317,400
Improvement market value
$6,878,600
Total market value
$8,196,000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Sale
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
39,530 SF
Lot
3.13 ac (136,284 SF)
Zoning code
LI
APN
302-24-397
UPID
US07-1118701
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Gilbert, AZ
Zoning LI · permitted uses
LI · 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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.13 ac
Current owner
From public records · entity-resolved
Andrew Herring
Individual
Mailing address
1032 E SAN MIGUEL AVE, PHOENIX, AZ 85014-2666
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$350,000
Andrew Herring
Shawn Benson
Warranty Deed
—
Nov 23, 2021
—
Gilbert Az Holdings LLC
—
Deed
related
$6,200,000 · City National Bank
Mar 29, 2021
$10,750,000
Gilbert Az Holdings LLC
Benson Obispo LLC
Special Warranty Deed
$6,350,000 · Wells Fargo Bank NA
Sep 19, 2017
—
Benson Obispo LLC
—
Deed
related
$750,000 · Bank Of Az
Sep 12, 2016
—
Benson Obispo LLC
—
Deed
related
$3,600,000 · Bank Of Az
—
—
Benson Obispo LLC
—
Deed Of Trust
related
$3,600,000 · Bank Of Az
—
—
Benson Obispo LLC
—
Deed Of Trust
related
$750,000 · Bank Of Az
—
—
Benson Obispo LLC
—
Deed Of Trust
related
$750,000 · Bank Of Az
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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