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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Retail space
2334 Val Vis Dr Gilbert, AZ 85295-5592
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-2083889
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
STEEL FRAME
Total area
1,970 SF
Lot
0.88 ac (38,433 SF)
Zoning code
SC
APN
304-42-841
UPID
US07-2083889
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
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.94M
Owner & transaction history
Joe L Dutra JR · 2 yrs held
Joe L Dutra JR
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+118.6%
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
COMMERCIAL (GENERAL)
$1,580,000
Change: +119% · Conversion: Easy
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±10% · vs last sale $2.60M (Jul 3 2024)
Last sale anchor
$2.60M
Jul 3 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
$982 / 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
$13,869
Tax year 2022
Assessed value
$266,973
Assessed 2024
Previous assessed
$239,003
+11.7% YoY
Effective rate
5.19%
On assessed value
Land market value
$1,076,100
Improvement market value
$541,918
Total market value
$1,618,018
Applied tax rate
410,609.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
1,970 SF
Lot
0.88 ac (38,433 SF)
Zoning code
SC
APN
304-42-841
UPID
US07-2083889
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Gilbert, AZ
Zoning SC · permitted uses
SC · 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
COMMERCIAL (GENERAL)
Est. value
$1.6M
COMMERCIAL (GENERAL)
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
2017
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Joe L Dutra JR
Individual
Mailing address
4646 CONVOY ST STE #116, SAN DIEGO, CA 92111-2315
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
Jul 3, 2024
$2,600,000
Joe L Dutra JR
Az Landmark INC
Special Warranty Deed
—
Jun 1, 2022
—
Az Landmark INC
—
Deed
related
$1,150,000 · Bbcn Bank
Jan 24, 2018
$2,580,000
Az Landmark INC
Ep Val Vista Williams Field LLC
Special Warranty Deed
$1,120,000 · Wells Fargo Bank NA
May 25, 2017
—
Ep Val Vista Williams Field Ll
—
Trustees Deed
related
$866,991 · Arizona Busn Bk
Jan 19, 2016
$623,249
Ep Val Vista Williams Field
New Generation Dev Group Of A
Grant Deed
—
Oct 30, 2014
$595,711
New Generation Dev Group Of Ar
Fnbn Forum LLC
Grant Deed
$360,000 · Geared Equity
Jun 24, 2011
$4,000,000
Fnbn Forum LLC
Williams,craig K
Trustees Deed
—
Apr 30, 2007
—
Forum At Gilbert Ranch LP
Owner Name Unavailable
Grant Deed
related
—
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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