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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Parking lots & garages
211 29th Pl Gilbert, AZ 85296-1801
Individually Owned
Free & Clear
Property ID
US07-1386096
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1972
Construction
STEEL FRAME
Total area
1,350 SF
Lot
2.74 ac (119,202 SF)
Zoning code
SF-35
APN
304-22-044
UPID
US07-1386096
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
$640k
Blend (final)
Blend
$640k
Owner & transaction history
DUANE D JOHNSON
DUANE D JOHNSON
Zoning & alternative use
SF-35 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Single Family 35 is a large residential lot low density, zoning category allowing up to a maximum of 2 primary dwelling unit per acre. The semi rural properties often have an agricultural character. The large lots are typically for custom homes with flood irrigation which may have septic systems and often house multiple accessory structures.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,227.42 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$600,000
+90.0%
Retail stores
$495,000
+57.1%
Neighborhood: shopping center
$490,000
+55.8%
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
AUTO REPAIR, GARAGE
$600,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$495,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$474 / 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
$3,699
Tax year 2022
Assessed value
$72,446
Assessed 2024
Previous assessed
$69,210
+4.7% YoY
Effective rate
5.11%
On assessed value
Land market value
$668,100
Improvement market value
$56,356
Total market value
$724,456
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
1,350 SF
Lot
2.74 ac (119,202 SF)
Zoning code
SF-35
APN
304-22-044
UPID
US07-1386096
Jurisdiction
MARICOPA
Zoning & alternative use
SF-35 · Gilbert, AZZoning SF-35 · permitted uses
SF-35 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Single Family 35 is a large residential lot low density, zoning category allowing up to a maximum of 2 primary dwelling unit per acre. The semi rural properties often have an agricultural character. The large lots are typically for custom homes with flood irrigation which may have septic systems and often house multiple accessory structures.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,227.42 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$600,000
RETAIL STORES
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
2.74 ac
Current owner
From public records · entity-resolved
DUANE D JOHNSON
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 643, LAYTON, UT 84041-0955
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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