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Property profile & analytics
FOR LEASE
Strip malls
3126 S Higley Rd Gilbert, AZ 85295
Individually Owned
~
Est. High Equity
Property ID
US07-0700823
For Lease
1 / 2
$4,920,000
3126 S Higley Rd, Gilbert, AZ 85295
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
13,637 SF
Lot
2.23 ac (97,075 SF)
Zoning code
NC
APN
304-47-402
UPID
US07-0700823
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
-
Prenatal Premiere Ultrasound Medical Clinic
-
Hungry Howie's Pizza Take-out & Catering
-
Bobbis LeisureScapes Higley And Pecos (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Integra Medical Alternative Medicine Practice
-
Banner Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$4.92M
Owner & transaction history
Town Of Gilbert
Town Of Gilbert
since 2025
7 recorded transactions
Zoning & alternative use
NC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+50.9%
Auto repair, garage
$6.1M
+22.0%
Retail stores
$5.0M
+0.9%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,965,000
Current use
RESTAURANT
$7,490,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,055,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$5,005,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$4.92M
Range $4.43M – $5.41M · ±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
$361 / 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
$34,185
Tax year 2023
Assessed value
$606,788
Assessed 2024
Previous assessed
$527,017
+15.1% YoY
Effective rate
5.63%
On assessed value
Land market value
$1,382,800
Improvement market value
$2,294,700
Total market value
$3,677,500
Applied tax rate
600,605.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,637 SF
Lot
2.23 ac (97,075 SF)
Zoning code
NC
APN
304-47-402
UPID
US07-0700823
Jurisdiction
MARICOPA
Zoning & alternative use
NC · Gilbert, AZ
Zoning NC · permitted uses
NC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.0M
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.1M
RETAIL STORES
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Town Of Gilbert
Individual
Mailing address
PO BOX 17038, SALT LAKE CITY, UT 84117-0038
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
—
Town Of Gilbert
Higley Shops LLC
Warranty Deed
—
Jan 26, 2021
—
Highley Shops LLC
—
Deed
related
$1,195,000 · America First FCU
Jul 28, 2014
$3,330,000
Higley Shops LLC
Pv South Higley LLC
Special Warranty Deed
$1,700,000 · Finemark National Bank & Trust
Mar 29, 2013
$2,100,000
Pv South Higley LLC
3142 South Higley Road Hol
Grant Deed
—
Jul 28, 2010
$2,130,000
Lu-ubs Trust 2006-c7
Morris Kevin J
Trustees Deed
related
—
Oct 17, 2006
$4,100,000
Bpre Higley & Pecos LLC
Higley Pecos Dev Investors LLC
Grant Deed
—
Jul 1, 2005
—
Higley Pecos Dev Investors LLC
—
Trustees Deed
related
$3,052,000 · Marine Bank
Sep 1, 2004
$1,550,000
Higley Pecos Dev Investors
Armstrong Pecos Higley LLC
Grant Deed
related
$1,085,000 · Marine Bank
—
—
Pv South Higley LLC
—
Deed Of Trust
related
$1,765,000 · Torrey Pines 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.
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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