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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Day care centers
40 Greenfield Rd Gilbert, AZ 85234-5026
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-0922667
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2013
Construction
STEEL FRAME
Total area
6,039 SF
Lot
1.67 ac (72,640 SF)
Zoning code
NO
APN
304-09-014D
UPID
US07-0922667
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
-
Learning Dynamics Preschool Gilbert High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.00M
Owner & transaction history
40 N Greefield LLC · 1 yrs held
40 N Greefield LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
NO · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+95.9%
Auto repair, garage
$2.7M
+58.4%
Retail stores
$2.2M
+30.9%
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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,695,000
Current use
RESTAURANT
$3,315,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,680,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$2,215,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,200,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$1,545,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Jul 22 2024)
Last sale anchor
$2.00M
Jul 22 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
$331 / 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
$29,208
Tax year 2023
Assessed value
$484,123
Assessed 2024
Previous assessed
$422,824
+14.5% YoY
Effective rate
6.03%
On assessed value
Land market value
$1,670,900
Improvement market value
$1,263,177
Total market value
$2,934,077
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Rooms
8
Bathrooms
2
Total area
6,039 SF
Lot
1.67 ac (72,640 SF)
Zoning code
NO
APN
304-09-014D
UPID
US07-0922667
Jurisdiction
MARICOPA
Zoning & alternative use
NO · Gilbert, AZ
Zoning NO · permitted uses
NO · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.7M
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.5M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2013
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
1.67 ac
Current owner
From public records · entity-resolved
40 N Greefield LLC
Entity
Free & Clear · 1 yrs held
Mailing address
851 N LAKEVIEW DR, BOUNTIFUL, UT 84010-1555
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
$2,000,000
40 N Greefield LLC
Blake Enterprises LLC
Special Warranty Deed
—
Jun 4, 2012
$450,000
Blake Ents LLC
9 Macs LLC
Grant Deed
—
Jun 1, 2012
$450,000
Blake Ents LLC
9 Macs LLC
Grant Deed
—
Nov 9, 2007
—
9 Macs LLC
Sanwin LP LLP
Quit Claim Deed
related
—
Jul 30, 2003
—
Town Of Gilbert
USA
Quit Claim Deed
related
—
Mar 31, 1999
—
Gilbert Town
Macdonald,sandra K
Grant Deed
related
—
Dec 28, 1998
—
Macdonald Trust
Macdonald,sandra K
Quit Claim Deed
related
—
Jan 16, 1996
$190,000
Edwin J Macdonald
Lee Yutzler
Grant Deed
$133,000 · Fleet Mortgage Corp
Oct 18, 1994
$10,000
Town Of Gilbert
Yuzler
Grant Deed
—
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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