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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Banks
4718 Higley Rd Gilbert, AZ 85297-8509
Entity Owned
17-yr Hold
Free & Clear
Property ID
US07-1912990
Property summary
AI-generated overview
This exceptional 34,893 square foot commercial land parcel presents a rare opportunity for development. Located at the northwest corner of Higley Road and Queen Creek Road in Maricopa County, Arizona, this single-tenant pad boasts unparalleled visibility and accessibility. The property is strategically positioned adjacent to a Lowe's, ensuring high traffic volume and strong brand recognition for any future development. The aggressively priced land offers significant potential for investors seeking a prime location with established infrastructure and high-traffic exposure. The expansive lot size provides ample space for a variety of commercial uses, making it an ideal investment for businesses seeking a prominent presence in a rapidly growing area. This is a ground lease pad opportunity, offering a unique chance to capitalize on the existing synergy with a major retailer. The property's location ensures easy access for customers and employees alike, further enhancing its appeal. With its strategic location and attractive pricing, this commercial land parcel represents a compelling investment opportunity not to be missed. Serious inquiries only.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2011
Construction
CONCRETE
Total area
4,281 SF
Lot
1.13 ac (49,103 SF)
Zoning code
C-C
APN
304-59-972
UPID
US07-1912990
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
-
Chase Bank Bank Loan Service
-
Chase Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.28M
Owner & transaction history
Jp Morgan Chase Bank NA · 17 yrs held
Jp Morgan Chase Bank NA
since 2009
1 recorded transaction
Zoning & alternative use
C-C · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 8)
Top alternative use upside
Commercial (general)
$3.4M
+37.4%
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
FINANCIAL BUILDING
$2,500,000
Current use
COMMERCIAL (GENERAL)
$3,435,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±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
$531 / 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
$26,044
Tax year 2023
Assessed value
$329,572
Assessed 2024
Previous assessed
$289,629
+13.8% YoY
Effective rate
7.90%
On assessed value
Land market value
$830,900
Improvement market value
$1,166,506
Total market value
$1,997,406
Applied tax rate
600,600.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2011
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
4,281 SF
Lot
1.13 ac (49,103 SF)
Zoning code
C-C
APN
304-59-972
UPID
US07-1912990
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Gilbert, AZZoning C-C · permitted uses
C-C · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 8)
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
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
2011
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Jp Morgan Chase Bank NA
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 561305, DALLAS, TX 75356-1305
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2009
$2,000,000
Jp Morgan Chase Bank NA
Higley Pavilion LLC
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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