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Property profile & analytics
OFF-MARKET
Estimated value
$22,835,000
Retail space
3150 Ray Rd Gilbert, AZ 85296-1198
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1558402
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
41,632 SF
Lot
1.15 ac (49,958 SF)
APN
313-12-923
UPID
US07-1558402
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
-
Matt’s Big Brekfast Restaurant
-
OH Eight Fuel Bar (located inside The Collective) Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Arcadia Toys (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Manor Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
ChargeLab Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.21M
Blend (final)
Blend
$22.84M
Owner & transaction history
Epicenter Commercial LLC · 1 yrs held
Epicenter Commercial LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$33.4M
+118.6%
Restaurant
$22.9M
+49.6%
Auto repair, garage
$18.5M
+20.9%
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
RETAIL STORES
$15,285,000
Current use
COMMERCIAL (GENERAL)
$33,410,000
Change: +119% · Conversion: Easy
RESTAURANT
$22,865,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$18,485,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,150,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$22.84M
Range $20.55M – $25.12M · ±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
$548 / 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
$145,995
Tax year 2023
Assessed value
$3,147,416
Assessed 2024
Previous assessed
$670,888
+369.1% YoY
Effective rate
4.64%
On assessed value
Land market value
$4,656,800
Improvement market value
$14,418,446
Total market value
$19,075,246
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Buildings
6
Stories
1
Total area
41,632 SF
Lot
1.15 ac (49,958 SF)
APN
313-12-923
UPID
US07-1558402
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$33.4M
RESTAURANT
Est. value
$22.9M
AUTO REPAIR, GARAGE
Est. value
$18.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2021
Stories
1
Buildings
6
Lot
1.15 ac
Current owner
From public records · entity-resolved
Epicenter Commercial LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3000 E RAY RD #5, GILBERT, AZ 85296-7832
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
Epicenter Commercial LLC
Epicenter Developers LLC
Deed
related
—
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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