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Property profile & analytics
OFF-MARKET
Estimated value
$123,815,000
Hospitals
2946 Banner Gtwy Dr, Gilbert, AZ 85234-2165
Individually Owned
Free & Clear
Property ID
US07-0934390
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2007
Construction
STEEL FRAME
Total area
337,350 SF
Lot
43.42 ac (1,891,266 SF)
Zoning code
R-3
APN
140-69-001K
UPID
US07-0934390
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
-
Soffia Palsdottir, PsyD Physician Medical Clinic
-
Louise Baca Eller, PsyD Physician Medical Clinic
-
Tania Jafary, MD Physician
-
Singh Diljeet K MD Physician
-
Banner MD Anderson Cancer Center at Banner Gateway Medical Center Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$123.81M
Blend (final)
Blend
$123.82M
Owner & transaction history
DISCOVERY HEALTH SYSTEM
DISCOVERY HEALTH SYSTEM
Zoning & alternative use
R-3 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$185.3M
+114.9%
Auto repair, garage
$149.8M
+73.7%
Retail stores
$123.9M
+43.6%
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
MEDICAL BUILDING
$86,220,000
Current use
RESTAURANT
$185,295,000
Change: +115% · Conversion: Difficult
AUTO REPAIR, GARAGE
$149,785,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$123,850,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$122,770,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$123.82M
Range $111.43M – $136.20M · ±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
$8,684
Tax year 2023
Assessed value
$64,901,364
Assessed 2024
Previous assessed
$34,670,940
+87.2% YoY
Effective rate
0.01%
On assessed value
Land market value
$26,408,100
Improvement market value
$406,267,659
Total market value
$432,675,759
Applied tax rate
40,603.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
15
Stories
5
Units
10
Total area
337,350 SF
Lot
43.42 ac (1,891,266 SF)
Zoning code
R-3
APN
140-69-001K
UPID
US07-0934390
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Gilbert, AZ
Zoning R-3 · permitted uses
R-3 · 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
MEDICAL BUILDING Current
Est. value
$86.2M
RESTAURANT
Est. value
$185.3M
AUTO REPAIR, GARAGE
Est. value
$149.8M
RETAIL STORES
Est. value
$123.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$122.8M
MEDICAL BUILDING Current
RESTAURANT
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
2007
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
15
Units
10
Lot
43.42 ac
Current owner
From public records · entity-resolved
DISCOVERY HEALTH SYSTEM
Individual
Free & Clear · 0 yrs held
Mailing address
2901 N CENTRAL AVE STE #160, PHOENIX, AZ 85012-2702
Mailing matches property
Yes
Owner-occupied
Yes
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.
Try Rey
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