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Property profile & analytics
OFF-MARKET
Estimated value
$10,815,000
Medical Office Space
3686 Rome St Gilbert, AZ 85297-7341
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2291747
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Construction
CONCRETE
Total area
28,111 SF
Lot
2.5 ac (108,974 SF)
Zoning code
GO
APN
304-53-551
UPID
US07-2291747
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
-
Eric T. Gross, MD Physician
-
Dr. Asma Anwar Physician
-
Patrick Blackburn, MD, FACOG Medical Clinic Hospital
-
Victor Yundeh Chiu Physician
-
Yelena Patsiornik Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.32M
Blend (final)
Blend
$10.82M
Owner & transaction history
Mob 3686 Gilbert LLC · 4 yrs held
Mob 3686 Gilbert LLC
since 2021
Last sale
$11.3M
4 recorded transactions
Zoning & alternative use
GO · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.4M
+114.9%
Auto repair, garage
$12.5M
+73.7%
Retail stores
$10.3M
+43.6%
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
MEDICAL BUILDING
$7,185,000
Current use
RESTAURANT
$15,440,000
Change: +115% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,480,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$10,320,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,230,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$8,645,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$10.82M
Range $9.73M – $11.90M · ±10% · vs last sale $11.31M (Oct 1 2021)
Last sale anchor
$11.31M
Oct 1 2021
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
$385 / 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
$87,985
Tax year 2023
Assessed value
$1,495,111
Assessed 2024
Previous assessed
$1,328,516
+12.5% YoY
Effective rate
5.88%
On assessed value
Land market value
$1,556,500
Improvement market value
$7,504,781
Total market value
$9,061,281
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
28,111 SF
Lot
2.5 ac (108,974 SF)
Zoning code
GO
APN
304-53-551
UPID
US07-2291747
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
MEDICAL BUILDING Current
Est. value
$7.2M
RESTAURANT
Est. value
$15.4M
AUTO REPAIR, GARAGE
Est. value
$12.5M
RETAIL STORES
Est. value
$10.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
OFFICE BUILDING
Est. value
$8.6M
MEDICAL BUILDING 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
2014
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
Mob 3686 Gilbert LLC
Entity
Mailing address
2901 BUTTERFIELD RD, OAK BROOK, IL 60523-1106
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
—
Mob 3686 Gilbert LLC
Arizona Healthcare II Dst
Intrafamily Transfer
related
$122,655,000 · Bmo Harris Bank NA
Oct 26, 2018
$11,309,538
Arizona Healthcare II Dst
Rome Mercy LLC
Grant Deed
—
Oct 26, 2018
—
Inland Private Capital Corp
—
Deed
related
—
—
—
Inland Private Capital Corp
—
Deed Of Trust
related
—
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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