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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Drug stores
3170 Higley Rd Gilbert, AZ 85295-2051
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-0765013
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Construction
CONCRETE
Total area
12,759 SF
Lot
1.58 ac (68,630 SF)
Zoning code
NC
APN
304-47-401
UPID
US07-0765013
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
-
CVS Photo (Bike/Boat/Book/etc) Store Printing Service
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
CVS Pharmacy Pharmacy
-
MoneyGram Bank Credit Union
-
Jessica Rivas Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$820k
Owner & transaction history
Scp 2004e-011 LLC · 21 yrs held
Scp 2004e-011 LLC
since 2005
1 recorded transaction
Zoning & alternative use
NC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Neighborhood Commercial zoning is intended for small commercial sites within or near residential neighborhoods. The emphasis of this zone is on uses that serve the daily needs of abutting neighbors. Uses permitted within NC tend to be limited to small scale and with minimal traffic, noise and sound impacts.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
209.65 ac
Source
Realmo
Top alternative use upside
Restaurant
$7.0M
+49.6%
Auto repair, garage
$5.7M
+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
$4,685,000
Current use
RESTAURANT
$7,010,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,665,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,645,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$64 / 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
$48,175
Tax year 2023
Assessed value
$643,731
Assessed 2024
Previous assessed
$559,096
+15.1% YoY
Effective rate
7.48%
On assessed value
Land market value
$1,456,400
Improvement market value
$2,445,000
Total market value
$3,901,400
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
12,759 SF
Lot
1.58 ac (68,630 SF)
Zoning code
NC
APN
304-47-401
UPID
US07-0765013
Jurisdiction
MARICOPA
Zoning & alternative use
NC · Gilbert, AZZoning NC · permitted uses
NC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Neighborhood Commercial zoning is intended for small commercial sites within or near residential neighborhoods. The emphasis of this zone is on uses that serve the daily needs of abutting neighbors. Uses permitted within NC tend to be limited to small scale and with minimal traffic, noise and sound impacts.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
209.65 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.7M
RESTAURANT
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RETAIL STORES Current
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Scp 2004e-011 LLC
Entity
Mailing address
1 CVS DR, WOONSOCKET, RI 02895-6146
Ownership since
2005
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
Feb 11, 2005
$4,078,495
Scp 2004e-011 LLC
Pecos Gilbert Cvs LLC
Grant Deed
related
$3,943,642 · Wells Fargo Bank Northwes (te)
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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