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Property profile & analytics
FOR SALE
Office buildings
3451 S Mercy Rd Gilbert, AZ 85297
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-0853594
For Sale
1 / 2
$8,915,570
3451 S Mercy Rd, Gilbert, AZ 85297
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
STEEL FRAME
Total area
17,611 SF
Lot
2.14 ac (93,031 SF)
Zoning code
GO
APN
304-53-359
UPID
US07-0853594
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
$7.56M
Blend (final)
Blend
$7.56M
Owner & transaction history
Debstan LLC · 11 yrs held
Debstan LLC
since 2015
5 recorded transactions
Zoning & alternative use
GO · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.7M
+78.6%
Auto repair, garage
$7.8M
+44.3%
Retail stores
$6.5M
+19.4%
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
OFFICE BUILDING
$5,415,000
Current use
RESTAURANT
$9,675,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,820,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$6,465,000
Change: +19% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,410,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$7.56M
Range $6.80M – $8.32M · ±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
$429 / 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
$32,569
Tax year 2023
Assessed value
$746,840
Assessed 2024
Previous assessed
$747,150
0.0% YoY
Effective rate
4.36%
On assessed value
Land market value
$1,391,200
Improvement market value
$3,135,100
Total market value
$4,526,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
17,611 SF
Lot
2.14 ac (93,031 SF)
Zoning code
GO
APN
304-53-359
UPID
US07-0853594
Jurisdiction
MARICOPA
Zoning & alternative use
GO · Gilbert, AZ
Zoning GO · permitted uses
GO · 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
OFFICE BUILDING Current
Est. value
$5.4M
RESTAURANT
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$7.8M
RETAIL STORES
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
STEEL FRAME
Heating
NONE
Stories
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Debstan LLC
Entity
Mailing address
3451 S MERCY RD STE #102, GILBERT, AZ 85297-0206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
—
Debstan LLC
—
Deed
related
$3,396,000 · Zb NA
Jan 23, 2020
—
Debstan LLC
—
Deed
related
$3,520,000 · Washington Fed'l Bk
Jun 16, 2016
—
Debstan LLC
—
Trustees Deed
related
$3,165,000 · National Bk/az
Jul 7, 2015
$955,488
Debstan LLC
Willis & Melrose LLC
Grant Deed
—
—
—
Debstan LLC
—
Deed Of Trust
related
$3,520,000 · Washington Fed'l 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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