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Property profile & analytics
OFF-MARKET
Estimated value
$17,040,000
Individual retail properties
3625 Gilbert Rd Gilbert, AZ 85297-2177
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-2399768
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2014
Construction
CONCRETE
Total area
44,462 SF
Lot
4.73 ac (206,178 SF)
Zoning code
R-3
APN
304-55-462
UPID
US07-2399768
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
-
Mountainside Fitness Gilbert Gym & Fitness Center
-
Esporta Fitness Gym & Fitness Center
-
Mountainside Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.04M
Blend (final)
Blend
$17.04M
Owner & transaction history
Waugaman Properties LLC · 6 yrs held
Waugaman Properties LLC
since 2020
5 recorded transactions
Zoning & alternative use
R-3 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.4M
+101.6%
Auto repair, garage
$19.7M
+63.0%
Retail stores
$16.3M
+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
$12,110,000
Current use
RESTAURANT
$24,420,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,740,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$16,325,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,180,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$13,675,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$11,365,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$17.04M
Range $15.34M – $18.74M · ±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
$138,657
Tax year 2023
Assessed value
$2,673,728
Assessed 2024
Previous assessed
$2,258,552
+18.4% YoY
Effective rate
5.19%
On assessed value
Land market value
$4,838,100
Improvement market value
$11,366,312
Total market value
$16,204,412
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
44,462 SF
Lot
4.73 ac (206,178 SF)
Zoning code
R-3
APN
304-55-462
UPID
US07-2399768
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
$12.1M
RESTAURANT
Est. value
$24.4M
AUTO REPAIR, GARAGE
Est. value
$19.7M
RETAIL STORES
Est. value
$16.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.2M
OFFICE BUILDING
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$11.4M
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
2014
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.73 ac
Current owner
From public records · entity-resolved
Waugaman Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 3682, CORRALES, NM 87048-3682
Ownership since
2020
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
Feb 3, 2020
$11,750,000
Waugaman Properties LLC
Bcb Group Investments LLC
Re-recorded Document
related
—
Feb 3, 2020
—
Waugaman Properties LLC
—
Deed
related
$5,924,742 · Desert Fin'l FCU
May 22, 2019
$11,750,000
Waugaman Properties LLC
Bcb Group Investments LLC
Special Warranty Deed
$5,924,742 · Desert Financial Cu
Jul 3, 2014
$3,700,000
Bcb Group Invs LLC
Fitness International LLC
Grant Deed
—
—
—
Waugaman Properties LLC
—
Deed Of Trust
related
$5,924,742 · Desert Fin'l FCU
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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