Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2297 Val Vis Dr Gilbert, AZ 85295-5500
    Back to Search
    Property profile & analytics

    2297 Val Vis Dr, Gilbert, AZ 85295-5500

    View on Map
    • Car washes
    • 3,854 SF
    • 2.57 lot acres
    Off-Market
    Last Sale Aug 31, 2020
    Property ID
    US07-0877719
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cobblestone Auto Spa / Car Wash

    Property Details for 2297 Val Vis Dr

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    2.57 lot acres
    Zone code
    C-C
    Property type
    Car washes
    APN
    304-41-932
    APU
    30441932

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 23, 2023 — Cobblestone Propco LLC — Deed · related $25M · Tcg Senior Funding LLC
    Mar 4, 2021 — Cobblestone Auto Spa 34 Propco LLC — Deed · related $15M · Bmo Harris Bank NA
    Aug 31, 2020 — Cobblestone Auto Spa 34 Propco Cobblestone Classic 34 LLC Quit Claim Deed —
    Jul 12, 2016 — Cobblestone Classic 34 LLC Val Vista & Williams Field Cla Grant Deed $5.4M · Oneaz Cu
    May 5, 2006 — Val Vista Owner Name Unavailable Grant Deed · related —
    Aug 5, 2005 $1,500,000 Val Vista & Williams Field Classic Val Vista & Williams Field Investor Special Warranty Deed $4.3M · Stearns Bank Arizona NA
    — — Desert Dogs Gilbert Group LLC — Deed Of Trust · related $160k · Community National Bank
    — — Val Vista & Williams Field Cla — Deed Of Trust · related $6M · Arizona St Cu
    — — Cobblestone Classic 34 LLC — Loan Modification · related $5.4M · Oneaz Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,873,000
      Market price range: $841k - $2.87M
      AI Estimate
      $2,801,000
      Market price range: $737k - $2.80M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,710,000
      Current use
      COMMERCIAL (GENERAL)
      $3,095,000
      Change: +81% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.755
    Latitude
    33.3086
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,518
    $0.00
    $0.00
    $842,701
    -
    $2,906,100
    $2,201,176
    $5,107,276

    Comparable in this City

    • Value Estimation
      $1,360,000
      2,797 SF

      2319 Val Vis Dr

      AUTO REPAIR, GARAGE
      2319 Val Vis Dr, Gilbert, AZ 85295-5532
      View Details
    • Value Estimation
      $3,630,000
      6,904 SF

      2623 Market St

      AUTO REPAIR, GARAGE
      2623 Market St, Gilbert, AZ 85295-1301
      View Details
    • Value Estimation
      $13,560,000
      4,054 SF

      5230 Power Rd

      AUTO REPAIR, GARAGE
      5230 Power Rd, Gilbert, AZ 85295-8478
      View Details
    • Value Estimation
      $1,515,000
      2,057 SF

      3095 Val Vis Dr

      AUTO REPAIR, GARAGE
      3095 Val Vis Dr, Gilbert, AZ 85295-1327
      View Details
    • Value Estimation
      $1,925,000
      3,760 SF

      3055 Williams Fld Rd

      AUTO REPAIR, GARAGE
      3055 Williams Fld Rd, Gilbert, AZ 85295-1795
      View Details
    • Value Estimation
      $3,225,000
      4,890 SF

      1245 Pecos Rd

      AUTO REPAIR, GARAGE
      1245 Pecos Rd, Gilbert, AZ 85295-2150
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Santan Village Marketplace Retail Space

      Retail space available in Santan Village Marketplace, Gilbert, Arizona.
      2796 S Market St, Gilbert, AZ 85295
      View Details
    • Contact for pricing
      10,600 SF

      Retail Space in SanTan Village

      Retail space available within the SanTan Village master plan.
      1690 S San Tan Village Pkwy, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Retail Property in Gilbert, Arizona

      Retail property with significant square footage in Gilbert, Arizona.
      2870 S Market St, Gilbert, AZ 85295
      View Details
    • $6,651,924

      Gilbert Medical Office Investment Opportunity

      Single-tenant medical office building fully leased to Soar Autism Center.
      2314 S Val Vista Dr, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Vacant Outlot in Growing Suburb

      Vacant commercial land in high-traffic Gilbert, Arizona.
      860 E Williams Field Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Commercial Land Near SanTan Village

      Commercial land with drive-thru potential near major retail hub.
      2440 E Williams Field Rd, Gilbert, AZ 85295
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      710,000 SF

      Power Road Retail Center Opportunity

      High-traffic retail spaces available now
      5478 Power Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Retail Space Near San Tan

      Retail space available in a densely populated, high-income area.
      2796 S Market St, Gilbert, AZ 85295
      View Details
    • Contact for pricing
      1,410 SF

      Retail Space Near ASU Polytechnic

      Retail space available near ASU Polytechnic and Mesa Gateway Airport.
      5110-5340 S Power Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing
      1,163 SF

      Retail Space Near San Tan

      Retail space with frontage, visibility, and monument signage available.
      3126 S Higley Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing
      2,984 SF

      Retail Spaces Available in Gilbert

      Retail spaces for lease with freeway access and signage.
      1661 S Val Vista Dr, Gilbert, AZ 85295
      View Details
    • Contact for pricing
      7,000 SF

      Gilbert Retail Center - Prime Location

      7,000 SF Retail Space Available
      0 Nec Val Vis Dr & Pecos Rd, Gilbert, AZ 85295
      View Details

    Property Visit Statistics

    • Visits by month
      20.0k
    • Visitors by month
      16.3k
    • Avg Time on site
      20 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2297 Val Vis Dr
    Gilbert, AZ 85295-5500
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2297 Val Vis Dr, Gilbert, AZ, 85295
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!