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Property profile & analytics
OFF-MARKET
Estimated value
$5,125,000
Warehouses
378 Hamilton Ct, Gilbert, AZ 85233-5519
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0069634
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
CONCRETE
Total area
20,219 SF
Lot
1.16 ac (50,564 SF)
Zoning code
LI
APN
302-29-436
UPID
US07-0069634
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
$5.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$5.13M
Owner & transaction history
Hamilton 378 LLC · 1 yrs held
Hamilton 378 LLC
since 2024
Last sale
$5.1M
6 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.4M
+104.9%
Neighborhood: shopping center
$7.4M
+103.1%
Medical building
$5.2M
+42.6%
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
$5,125,000
ML approach
$5,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,625,000
Current use
RETAIL STORES
$7,425,000
Change: +105% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,360,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$5,170,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$4,500,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$5.13M
Range $4.61M – $5.64M · ±10% · vs last sale $5.13M (Oct 30 2024)
Last sale anchor
$5.13M
Oct 30 2024
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
$253 / 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
$21,540
Tax year 2023
Assessed value
$485,397
Assessed 2024
Previous assessed
$485,397
+0.0% YoY
Effective rate
4.44%
On assessed value
Land market value
$547,300
Improvement market value
$2,394,500
Total market value
$2,941,800
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
20,219 SF
Lot
1.16 ac (50,564 SF)
Zoning code
LI
APN
302-29-436
UPID
US07-0069634
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Gilbert, AZ
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$3.6M
RETAIL STORES
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Hamilton 378 LLC
Entity
Mailing address
410 S PERRY LN STE #1, TEMPE, AZ 85288-2989
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
$5,125,000
Hamilton 378 LLC
Vgk Holdings II LLC
Special Warranty Deed
$4,150,000 · Arizona Bank & Trust
Oct 30, 2024
—
Vgk Holdings II LLC
Gary Steven Vogl
Correction Deed
related
—
Dec 12, 2023
$3,811,000
Vgk Holdings II LLC
Gary Steven Vogl
Special Warranty Deed
—
Dec 29, 2021
$3,811,000
Gary Steven Vogl
Jewel Investment Company LP
Special Warranty Deed
$2,380,000 · Western Alliance Bank
Jul 28, 2006
$1,925,000
Jewel Investment Co
18 LLC
Grant Deed
—
Jan 5, 2005
$247,764
Number 18 LLC
Phoenix Elliot Prop Invtrs
Grant Deed
$248,875 · Larry Lippon
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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