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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Commercial land
3663 155th St Gilbert, AZ 85297
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0017377
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2000
Total area
1,349 SF
Lot
2.35 ac (102,300 SF)
Zoning code
C-O
APN
304-53-169C
UPID
US07-0017377
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
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Sara Reek · 3 yrs held
Sara Reek
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
C-O · 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
Method
Estimation
Statistic approach
$495,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $550k (Jun 2 2023)
Last sale anchor
$550k
Jun 2 2023
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
$423 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,882
Tax year 2022
Assessed value
$210,660
Assessed 2024
Previous assessed
$178,515
+18.0% YoY
Effective rate
3.27%
On assessed value
Land market value
$1,404,400
Total market value
$1,404,400
Applied tax rate
410,609.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
REFRIGERATOR
Stories
1
Rooms
4
Total area
1,349 SF
Lot
2.35 ac (102,300 SF)
Zoning code
C-O
APN
304-53-169C
UPID
US07-0017377
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Gilbert, AZ
Zoning C-O · permitted uses
C-O · 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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
2.35 ac
Current owner
From public records · entity-resolved
Sara Reek
Individual
Mailing address
374TH COUNTY RD N, EAGLE, WI 53119-1112
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
—
Sara Reek
Bruce Reek
Beneficiary Deed
related
—
Aug 28, 2019
$550,000
Bruce Reek
Vark Investment LLC
Warranty Deed
—
Jan 26, 2018
—
Terrys Real Estate Invs LLC
Vark Invs LLC
Quit Claim Deed
related
—
Feb 2, 2006
$1,350,000
Vark Investment LLC
Carroll,steven R & Cynthia M
Warranty Deed
$877,500 · National Bank Arizona
—
—
Vark Investment LLC
—
Deed Of Trust
related
$877,500 · National Bank Arizona
—
—
Steven R Carroll
—
Deed Of Trust
related
$32,500 · Countrywide Home Loans INC
—
—
Steven R Carroll
—
Deed Of Trust
related
$260,000 · Countrywide Home Loans INC
—
—
Steven R Carroll
—
Deed Of Trust
related
$103,700 · First Horizon Home Loan Corp
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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