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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Drug stores
3233 Germann Rd Gilbert, AZ 85297-5252
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-3291860
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
CONCRETE
Total area
14,406 SF
Lot
2.34 ac (102,062 SF)
Zoning code
NC
APN
304-60-941
UPID
US07-3291860
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.89M
Blend (final)
Blend
$4.50M
Owner & transaction history
Gilbert Germann Holdings LLC
Gilbert Germann Holdings LLC
since 2025
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
NC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+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
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,290,000
Current use
AUTO REPAIR, GARAGE
$6,395,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,245,000
Change: -1% · Conversion: Moderate
OFFICE BUILDING
$4,430,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Sep 27 2024)
Last sale anchor
$4.50M
Sep 27 2024
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
$312 / 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
$49,802
Tax year 2023
Assessed value
$735,236
Assessed 2024
Previous assessed
$735,236
+0.0% YoY
Effective rate
6.77%
On assessed value
Land market value
$1,939,900
Improvement market value
$2,516,075
Total market value
$4,455,975
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,406 SF
Lot
2.34 ac (102,062 SF)
Zoning code
NC
APN
304-60-941
UPID
US07-3291860
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
RETAIL STORES Current
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Gilbert Germann Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2222 S UTICA PL STE 200TH TULSA, TULSA
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jul 23, 2025
—
Gilbert Germann Holdings LLC
Ckr Central LLC
Special Warranty Deed
—
Sep 27, 2024
$4,500,000
Gilbert Germann Holdings LLC
Marina Westshore Partners LLC
Special Warranty Deed
—
Sep 27, 2024
—
Vasu Babu Kukkapalli
Varalakshmi Komatineni
Quit Claim Deed
related
—
Aug 25, 2022
$7,037,000
Marina Westshore Partners LLC
Paradise Valley Ventures LLC
Special Warranty Deed
$4,574,050 · Blue Sky Imagine LLC
Jun 15, 2020
$5,625,000
Paradise Valley Ventures LLC
Smith Legacy Properties LLC
Special Warranty Deed
$3,664,000 · Woodforest National Bank
Dec 29, 2014
—
Smith Legacy Properties LLC
Smith Rachel Trust
Quit Claim Deed
—
Sep 23, 2013
—
Smith,rachel Trust
Smith Arnold & Rachel Trust
Quit Claim Deed
related
—
Nov 30, 2005
$5,850,000
Smith Arnold
Evergreen-germann & Higley LLC
Grant Deed
—
Sep 15, 2004
—
Evergreen-germann & Higley LLC
Owner,record
Grant 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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