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Property profile & analytics
OFF-MARKET
Estimated value
$6,340,000
Bars & Pubs
323 Gilbert Rd Gilbert, AZ 85234
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-2321561
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2017
Construction
CONCRETE
Total area
13,264 SF
Lot
0.39 ac (17,091 SF)
Zoning code
HVC
APN
304-16-837
UPID
US07-2321561
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
-
Widd Workman Physician
-
Diamondback Physical Therapy Medical Clinic
-
Daniel Graham Alternative Medicine Practice
-
Jared Kitamura Physician
-
Scott Milius Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$6.34M
Owner & transaction history
Wrg Holdings LLC · 1 yrs held
Wrg Holdings LLC
since 2025
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
HVC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RESTAURANT
$7,285,000
Current use
AUTO REPAIR, GARAGE
$5,890,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$6.34M
Range $5.71M – $6.97M · ±10% · vs last sale $8.83M (Jun 24 2025)
Last sale anchor
$8.83M
Jun 24 2025
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
$478 / 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
$30,352
Tax year 2023
Assessed value
$463,552
Assessed 2024
Previous assessed
$391,238
+18.5% YoY
Effective rate
6.55%
On assessed value
Land market value
$303,400
Improvement market value
$2,506,005
Total market value
$2,809,405
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,264 SF
Lot
0.39 ac (17,091 SF)
Zoning code
HVC
APN
304-16-837
UPID
US07-2321561
Jurisdiction
MARICOPA
Zoning & alternative use
HVC · Gilbert, AZ
Zoning HVC · permitted uses
HVC · 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
RESTAURANT Current
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
RESTAURANT Current
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
2017
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Wrg Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
24484 N 119TH PL, SCOTTSDALE, AZ 85255-5925
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
Jds Homestead L L C
—
Deed
related
$600,000 · Symetra Life Insurance Co
Jun 24, 2025
$8,825,000
Wrg Holdings LLC
Haymaker Holdings LLC
Special Warranty Deed
—
Jul 6, 2018
—
Haymaker Holdings LLC
Haymaker Holdings LLC
Quit Claim Deed
—
Jun 13, 2018
$8,100,000
Haymaker Holdings LLC
Gilber/vaughn Partners LLC
Grant Deed
—
May 1, 2015
$1,830,000
Gilbert & Vaughn Partners LLC
Tradecor Gilbert
Grant Deed
related
—
Jun 16, 2014
$1,300,000
Tradecor Gilbert & Vaughn
Heritage Center LLC
Grant Deed
related
—
—
—
Gilbert Of Vaughn Partners LLC
—
Deed Of Trust
related
$4,050,000 · Bankfirst
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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