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Property profile & analytics
OFF-MARKET
Warehouses
348 Cullumber Ave, Gilbert, AZ 85233-4931
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0411415
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
STEEL FRAME
Total area
1,020 SF
Lot
1.03 ac (44,718 SF)
Zoning code
GI
APN
302-19-133
UPID
US07-0411415
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
-
Compass Equipment Crane Rental Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
348 W Cullumber LLC · 1 yrs held
348 W Cullumber LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
GI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,644
Tax year 2022
Assessed value
$100,370
Assessed 2024
Previous assessed
$87,244
+15.0% YoY
Effective rate
6.62%
On assessed value
Land market value
$292,500
Improvement market value
$315,800
Total market value
$608,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Units
3
Total area
1,020 SF
Lot
1.03 ac (44,718 SF)
Zoning code
GI
APN
302-19-133
UPID
US07-0411415
Jurisdiction
MARICOPA
Zoning & alternative use
GI · Gilbert, AZ
Zoning GI · permitted uses
GI · 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.
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.03 ac
Current owner
From public records · entity-resolved
348 W Cullumber LLC
Entity
Mailing address
5123 E CALLE DEL NORTE, PHOENIX, AZ 85018-4427
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
May 23, 2025
—
348 W Cullumber LLC
—
Deed
related
$230,824,922 · Breds V Loan Holdings LLC
Feb 28, 2025
$2,500,000
348 W Cullumber LLC
Rbs Investments LLC
Special Warranty Deed
—
Aug 24, 2012
$511,000
Rbs Investments LLC
Fx2 Holdings LLC
Grant Deed
—
Mar 25, 2009
$900,000
Fx2 Holdings LLC
Jjb Property Holdings LLC
Special Warranty Deed
$810,000 · Plaza Bank
Jun 26, 2008
—
Jjb Property Holdings LLC
Bebout J P JR & J M Trust
Grant Deed
—
Mar 22, 2006
$960,000
James P JR & Janice M Bebout Trust
Marklor LLC
Special Warranty Deed
$720,000 · First Community Financial Corp
Mar 13, 2001
—
Marklour LLC
Haight,donald
Quit Claim Deed
related
$400,000 · First Capital Bank Arizona
Apr 18, 1995
$89,500
Donald M Haight
Computer Place INC
Grant Deed
$71,600 · Bank Of America
—
—
Jjb Property Holdings LLC
—
Deed Of Trust
related
$720,000 · First Community Finance
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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