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Property profile & analytics
FOR LEASE
Flex space
2075 W Obispo Ave, Gilbert, AZ 85233
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0412612
For Lease
1 / 3
$1.15 SF/Yr
2075 W Obispo Ave, Gilbert, AZ 85233
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
CONCRETE
Total area
111,343 SF
Lot
10.5 ac (457,408 SF)
Zoning code
LI
APN
302-24-422
UPID
US07-0412612
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
-
1-800 Office Solutions Computer & Electronic Repair
-
Cardinal Logistics Management Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$29.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.91M
Blend (final)
Blend
$29.87M
Owner & transaction history
Vwp Obispo Owner LLC · 2 yrs held
Vwp Obispo Owner LLC
since 2024
Last sale
$29.9M
4 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$49.4M
+189.2%
Retail stores
$40.9M
+139.1%
Neighborhood: shopping center
$40.5M
+137.0%
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
$29,865,000
ML approach
$29,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$49,435,000
Change: +189% · Conversion: Easy
RETAIL STORES
$40,875,000
Change: +139% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$40,520,000
Change: +137% · Conversion: Difficult
MEDICAL BUILDING
$28,455,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$24,765,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$29.87M
Range $26.88M – $32.85M · ±10% · vs last sale $29.87M (Feb 6 2024)
Last sale anchor
$29.87M
Feb 6 2024
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
$268 / 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
$168,750
Tax year 2023
Assessed value
$4,908,849
Assessed 2024
Previous assessed
$3,541,593
+38.6% YoY
Effective rate
3.44%
On assessed value
Land market value
$3,025,800
Improvement market value
$26,724,800
Total market value
$29,750,600
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
111,343 SF
Lot
10.5 ac (457,408 SF)
Zoning code
LI
APN
302-24-422
UPID
US07-0412612
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$49.4M
RETAIL STORES
Est. value
$40.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$40.5M
MEDICAL BUILDING
Est. value
$28.5M
OFFICE BUILDING
Est. value
$24.8M
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
10.5 ac
Current owner
From public records · entity-resolved
Vwp Obispo Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2390 E CAMELBACK RD STE #305, PHOENIX, AZ 85016-3451
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
$29,865,488
Vwp Obispo Owner LLC
Lit Industrial Limited Partnership
Special Warranty Deed
—
Sep 25, 2015
$80,000,000
Lit Industrial LP
Zimmerman,trust
Grant Deed
—
Dec 12, 2006
—
Zimmerman Myron Trust
Owner Name Unavailable
Grant Deed
related
—
Mar 30, 2001
$5,100,000
Zimmerman Trust
Principal Life Insurance Co
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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