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Property profile & analytics
OFF-MARKET
Estimated value
$12,840,000
Individual retail properties
3300 Higley Rd Gilbert, AZ 85297-2203
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-2522912
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2016
Construction
CONCRETE
Total area
33,500 SF
Lot
8.79 ac (382,826 SF)
Zoning code
SC
APN
304-52-902
UPID
US07-2522912
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
-
EōS Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.84M
Blend (final)
Blend
$12.84M
Owner & transaction history
Northern Lights Capital LP · 6 yrs held
Northern Lights Capital LP
since 2019
1 recorded transaction
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.4M
+101.6%
Auto repair, garage
$14.9M
+63.0%
Retail stores
$12.3M
+34.8%
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
GYM, HEALTH SPA
$9,125,000
Current use
RESTAURANT
$18,400,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,875,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$12,300,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,190,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$10,305,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$8,560,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$12.84M
Range $11.56M – $14.12M · ±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
$383 / 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
$155,132
Tax year 2023
Assessed value
$2,409,523
Assessed 2024
Previous assessed
$2,062,219
+16.8% YoY
Effective rate
6.44%
On assessed value
Land market value
$4,510,300
Improvement market value
$10,092,871
Total market value
$14,603,171
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
1
Units
4
Total area
33,500 SF
Lot
8.79 ac (382,826 SF)
Zoning code
SC
APN
304-52-902
UPID
US07-2522912
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Gilbert, AZ
Zoning SC · permitted uses
SC · 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
GYM, HEALTH SPA Current
Est. value
$9.1M
RESTAURANT
Est. value
$18.4M
AUTO REPAIR, GARAGE
Est. value
$14.9M
RETAIL STORES
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.2M
OFFICE BUILDING
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$8.6M
GYM, HEALTH SPA Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL 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
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
4
Units
4
Lot
8.79 ac
Current owner
From public records · entity-resolved
Northern Lights Capital LP
Entity
Mailing address
301-623 4TH ST SE MEDICINE H AB 1ST XX
Ownership since
2019
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
Dec 5, 2019
$15,825,000
Northern Lights Capital LP
Pecos & Higley LLC
Grant Deed
$11,080,000 · A10 Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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