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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Warehouses
238 Hamilton Pl Gilbert, AZ 85233-5517
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0367422
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
CONCRETE
Total area
10,862 SF
Lot
0.7 ac (30,510 SF)
Zoning code
LI
APN
302-29-442
UPID
US07-0367422
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
-
Flathers Precision Industrial Manufacturer Production Facility
-
AARA Construction Inc. Roofing Company General Contractor
-
AARA Architectural Metals Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$1.91M
Owner & transaction history
Jimlin Enterprises LLC · 5 yrs held
Jimlin Enterprises LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.8M
+42.6%
Office building
$2.4M
+24.1%
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
$1,895,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,590,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,945,000
Current use
MEDICAL BUILDING
$2,775,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$2,415,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $1.77M (May 3 2021)
Last sale anchor
$1.77M
May 3 2021
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
$175 / 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
$13,819
Tax year 2023
Assessed value
$286,473
Assessed 2024
Previous assessed
$234,770
+22.0% YoY
Effective rate
4.82%
On assessed value
Land market value
$361,300
Improvement market value
$1,374,900
Total market value
$1,736,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,862 SF
Lot
0.7 ac (30,510 SF)
Zoning code
LI
APN
302-29-442
UPID
US07-0367422
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
WAREHOUSE, STORAGE Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE Current
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Jimlin Enterprises LLC
Entity
Mailing address
13721 JUDY ANNE LN, SANTA ANA, CA 92705-2835
Ownership since
2021
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
May 3, 2021
$1,769,800
Jimlin Enterprises LLC
Js Headquarters LLC
Special Warranty Deed
$280,000 · Zb NA
Apr 18, 2018
$1,200,000
Js Headquarters LLC
Aes North America Dev LLC
Grant Deed
$960,000 · National Bk/az
Mar 27, 2017
$2,640,480
Aes North America Dev LLC
Pathfinder Trf One LLC
Grant Deed
—
May 7, 2014
$875,000
Pathfinder Trf One LLC
Lake J Gregory
Trustees Deed
related
—
Aug 6, 2007
—
JR Elliot Commerce Park 2 LLC
—
Trustees Deed
related
$845,000 · Sunrise Bank Of Arizona
Sep 30, 2004
$700,616
Elliot Commerce Park 1 JR
Phoenix Elliot Property In
Grant Deed
related
—
—
—
Elliot Commerce Park 2 LLC
—
Deed Of Trust
related
$300,000 · William & Mary Sudbrack
—
—
JR Elliot Commerce Park 2 LLC
—
Deed Of Trust
related
$553,000 · Western National Bank
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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