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Property profile & analytics
OFF-MARKET
Parking lots & garages
300 29th Pl Gilbert, AZ 85296-1802
Individually Owned
20-yr Hold
Free & Clear
Property ID
US07-0077312
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1975
Construction
STEEL FRAME
Total area
720 SF
Lot
2.28 ac (99,103 SF)
Zoning code
SF-35
APN
304-22-037
UPID
US07-0077312
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mariano Z Reyes · 20 yrs held
Mariano Z Reyes
since 2006
2 recorded transactions
Zoning & alternative use
SF-35 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Single Family 35 is a large residential lot low density, zoning category allowing up to a maximum of 2 primary dwelling unit per acre. The semi rural properties often have an agricultural character. The large lots are typically for custom homes with flood irrigation which may have septic systems and often house multiple accessory structures.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,227.42 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,750
Tax year 2023
Assessed value
$61,510
Assessed 2024
Previous assessed
$58,240
+5.6% YoY
Effective rate
4.47%
On assessed value
Land market value
$580,400
Improvement market value
$34,701
Total market value
$615,101
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
720 SF
Lot
2.28 ac (99,103 SF)
Zoning code
SF-35
APN
304-22-037
UPID
US07-0077312
Jurisdiction
MARICOPA
Zoning & alternative use
SF-35 · Gilbert, AZZoning SF-35 · permitted uses
SF-35 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Single Family 35 is a large residential lot low density, zoning category allowing up to a maximum of 2 primary dwelling unit per acre. The semi rural properties often have an agricultural character. The large lots are typically for custom homes with flood irrigation which may have septic systems and often house multiple accessory structures.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
2,227.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
Mariano Z Reyes
Individual
Free & Clear · 20 yrs held
Mailing address
3226 E ENCANTO ST, MESA, AZ 85213-6220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2006
$360,000
Mariano Z Reyes
Mcewen,m F & E J
Warranty Deed
—
Oct 29, 1996
$127,000
Mcewen M F
Alice Rosser
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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