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Property profile & analytics
OFF-MARKET
Estimated value
$3,680,000
Retail space
3225 Lindsay Rd, Gilbert, AZ 85297-1513
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3363272
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
CONCRETE
Total area
5,730 SF
Lot
2.65 ac (115,289 SF)
Zoning code
NC
APN
304-55-073
UPID
US07-3363272
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
-
Desert Cross Lutheran Church Church
-
Arizona New Presbyterian Church Church
-
Saeroun church Church
-
Spirit of Joy Lutheran Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$3.68M
Owner & transaction history
Desert Cross Lutheran Ch INC · 15 yrs held
Desert Cross Lutheran Ch INC
since 2011
7 recorded transactions
Zoning & alternative use
NC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+118.6%
Restaurant
$3.1M
+49.6%
Auto repair, garage
$2.5M
+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
COMMERCIAL (GENERAL)
$4,600,000
Change: +119% · Conversion: Easy
RESTAURANT
$3,145,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,545,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$3.68M
Range $3.31M – $4.05M · ±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
$642 / 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
Assessed value
$807,362
Assessed 2024
Previous assessed
$701,595
+15.1% YoY
Land market value
$3,228,000
Improvement market value
$2,154,412
Total market value
$5,382,412
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
5,730 SF
Lot
2.65 ac (115,289 SF)
Zoning code
NC
APN
304-55-073
UPID
US07-3363272
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
COMMERCIAL (GENERAL)
Est. value
$4.6M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
2.65 ac
Current owner
From public records · entity-resolved
Desert Cross Lutheran Ch INC
Entity
Mailing address
8600 S MCCLINTOCK DR, TEMPE, AZ 85284-2500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2011
$1,050,000
Desert Cross Lutheran Ch INC
Dhb Real Estate LLC
Grant Deed
related
$1,887,000 · Mission Inv Fund & Evangelical
Mar 9, 2011
—
Dhb Real Estate LLC
New York Cmnty Bk
Grant Deed
—
Dec 30, 2010
$871,621
New York Cmnty Bk
Oneil,james D
Trustees Deed
related
—
May 12, 2006
—
Lindsay Pecos Dev Invtrs LLC
—
Trustees Deed
related
$3,216,452 · Marine Bank
Sep 1, 2005
$1,037,592
Lindsay Pecos Dev Invtrs LLC
Equine Property Investments Lc
Grant Deed
$830,000 · Marine Bank
Jul 21, 2005
—
Clc Properties LLC
San Tan Pv Dev Lc
Grant Deed
related
$1,342,000 · Cit Small Business Lending Co
May 31, 2005
$384,526
Jew Trust
San Tan Pv Development L C
Grant Deed
related
—
Mar 31, 2005
$467,000
D Properties
San Tan Pv Development L C
Grant Deed
related
$244,389 · East Valley Community Bank
Feb 17, 2005
$671,125
Willis Holdings LLC
San Tan Pv Development L C
Grant Deed
related
—
—
—
Lindsay Pecos Dev Invtrs LLC
—
Deed Of Trust
related
$3,300,000 · Desert Hills 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.
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