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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Medical Office Space
26 Gilbert Rd Gilbert, AZ 85234-5743
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-0384758
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1936
Construction
STEEL FRAME
Total area
2,412 SF
Lot
0.07 ac (3,250 SF)
Zoning code
HVC
APN
302-18-045
UPID
US07-0384758
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
-
The Gilbert Dentist Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$885k
Blend (final)
Blend
$885k
Owner & transaction history
Rjb Holdings LLC · 13 yrs held
Rjb Holdings LLC
since 2012
7 recorded transactions
Zoning & alternative use
HVC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Heritage Village Center zoning district celebrates the heart and history of Gilbert preserving history through architecture, art, and views of iconic landmarks that reference traditions of the communitys past. New development within this mixed use environment should be complementary to the existing context of the Heritage District.
Zone name
Heritage Village Center District
General category
MIXED_USE
Zone area
86.29 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.1M
+73.7%
Retail stores
$885,000
+43.6%
Neighborhood: shopping center
$880,000
+42.4%
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
MEDICAL BUILDING
$615,000
Current use
AUTO REPAIR, GARAGE
$1,070,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$367 / 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
$4,697
Tax year 2023
Assessed value
$71,478
Assessed 2024
Previous assessed
$61,948
+15.4% YoY
Effective rate
6.57%
On assessed value
Land market value
$67,600
Improvement market value
$365,600
Total market value
$433,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1936
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,412 SF
Lot
0.07 ac (3,250 SF)
Zoning code
HVC
APN
302-18-045
UPID
US07-0384758
Jurisdiction
MARICOPA
Zoning & alternative use
HVC · Gilbert, AZZoning HVC · permitted uses
HVC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Heritage Village Center zoning district celebrates the heart and history of Gilbert preserving history through architecture, art, and views of iconic landmarks that reference traditions of the communitys past. New development within this mixed use environment should be complementary to the existing context of the Heritage District.
Zone name
Heritage Village Center District
General category
MIXED_USE
Zone area
86.29 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
MEDICAL BUILDING Current
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
1936
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Rjb Holdings LLC
Entity
Mailing address
26 N GILBERT RD, GILBERT, AZ 85234-5743
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2017
—
Rjb Holdings LLC
—
Deed
related
$130,829 · First Citizens Bk
May 24, 2016
—
Rjb Holdings LLC
—
Deed
related
$65,500 · First Citizens Bk
Dec 26, 2012
—
Rjb Holdings LLC
Brown,robert J
Warranty Deed
related
$465,000 · Wells Fargo Bank
Oct 29, 2012
$175,000
Robert J Brown
Buchanan Brothers INC
Warranty Deed
—
Apr 30, 2003
$185,000
Buchanan Brothers INC
Boyd,charles T & Phyllis A
Grant Deed
$165,000 · Charles T & Phyllis A Boyd
Dec 6, 1999
$160,000
Charles T Boyd
Anton,ronald & Nora M
Grant Deed
$160,000 · Seller
—
—
Rjb Holdings LLC
—
Deed Of Trust
related
$130,829 · First Citizens Bk
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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