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Property profile & analytics
OFF-MARKET
Estimated value
$16,770,000
Individual retail properties
3345 Val Vis Dr Ste 200 Gilbert, AZ 85297-7332
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-2340371
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2008
Construction
CONCRETE
Total area
39,220 SF
Lot
0.9 ac (39,220 SF)
Zoning code
R-3
APN
304-52-893
UPID
US07-2340371
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.37M
Blend (final)
Blend
$16.77M
Owner & transaction history
Lois Lane Properties LLC · 5 yrs held
Lois Lane Properties LLC
since 2021
Last sale
$23.0M
3 recorded transactions
Zoning & alternative use
R-3 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.5M
+101.6%
Auto repair, garage
$17.4M
+63.0%
Retail stores
$14.4M
+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
$10,685,000
Current use
RESTAURANT
$21,540,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,415,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$14,400,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,275,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$12,065,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$16.77M
Range $15.09M – $18.45M · ±10% · vs last sale $23.00M (May 27 2025)
Last sale anchor
$23.00M
May 27 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
$428 / 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
$106,774
Tax year 2023
Assessed value
$2,216,792
Assessed 2024
Previous assessed
$1,937,541
+14.4% YoY
Effective rate
4.82%
On assessed value
Land market value
$2,687,000
Improvement market value
$10,748,100
Total market value
$13,435,100
Applied tax rate
410,618.0000
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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
2
Total area
39,220 SF
Lot
0.9 ac (39,220 SF)
Zoning code
R-3
APN
304-52-893
UPID
US07-2340371
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Gilbert, AZ
Zoning R-3 · permitted uses
R-3 · 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
$10.7M
RESTAURANT
Est. value
$21.5M
AUTO REPAIR, GARAGE
Est. value
$17.4M
RETAIL STORES
Est. value
$14.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.3M
OFFICE BUILDING
Est. value
$12.1M
GYM, HEALTH SPA Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Lois Lane Properties LLC
Entity
Mailing address
3345 S VAL VIS DR STE #300, GILBERT, AZ 85297-7340
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$11,000,000
Lois Lane Properties LLC
Eight Enterprises LLC
Special Warranty Deed
$8,800,000 · Midfirst Bank
Dec 28, 2017
—
Eight Ents LLC
—
Grant Deed
related
$1,250,000 · Metro Phoenix Bk
Feb 16, 2017
—
Eight Ents LLC
—
Grant Deed
related
$8,900,000 · Compass Bk
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.
Try Rey
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