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    4844 Val Vis Dr Gilbert, AZ 85298-7326

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    4844 Val Vis Dr Gilbert, AZ 85298-7326

    View on Map
    • Outlet malls
    • 48,294 SF
    • 10.66 lot acres
    Off-Market
    Last Sale May 6, 2022
    $1,127,000
    Property ID
    US07-1026384
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Subway / Take-out & Catering
    • BoSa Donuts / Bakery / Discount Store
    • Q Cleaners / (Bike/Boat/Book/etc) Store
    • Totspot Preschool / High School / Daycare Center
    • Kumon Math and Reading Center of Gilbert - Southeast / Training Center / Tutoring Service

    Property Details for 4844 Val Vis Dr

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    10.66 lot acres
    Property size
    48,294 SF
    Zone code
    SC
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    304-72-929
    APU
    30472929

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.757
    Latitude
    33.2618
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $171,600
    $0.00
    $0.00
    $2,570,858
    -
    $4,797,300
    $10,783,657
    $15,580,957

    Comparable in this City

    • Value Estimation
      $3,220,000
      10,065 SF

      6510 Higley Rd

      SHOPPING CENTER, STRIP CENTER • 10,065 SF
      6510 Higley Rd, Gilbert, AZ 85298-4337
      View Details
    • Value Estimation
      $2,435,000
      7,580 SF

      3150 Chandler Hts Rd

      SHOPPING CENTER, STRIP CENTER • 7,580 SF
      3150 Chandler Hts Rd, Gilbert, AZ 85298-4347
      View Details
    • Value Estimation
      $4,335,000
      8,211 SF

      4925 Val Vis Dr

      SHOPPING CENTER, STRIP CENTER • 8,211 SF
      4925 Val Vis Dr, Gilbert, AZ 85298-0089
      View Details
    • Value Estimation by Request
      8,648 SF

      4865 Higley Rd

      SHOPPING CENTER, STRIP CENTER • 8,648 SF
      4865 Higley Rd, Gilbert, AZ 85298-5801
      View Details
    • Value Estimation by Request
      5,670 SF

      3050 Chandler Hts Rd

      SHOPPING CENTER, STRIP CENTER • 5,670 SF
      3050 Chandler Hts Rd, Gilbert, AZ 85298-4324
      View Details
    • Value Estimation
      $3,130,000
      8,500 SF

      6466 Higley Rd

      SHOPPING CENTER, STRIP CENTER • 8,500 SF
      6466 Higley Rd, Gilbert, AZ 85298-4334
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Gilbert, Arizona

      Land for sale at 15906 E Ocotillo Rd, Gilbert, AZ.
      15906 E Ocotillo Rd, Gilbert, AZ 85298
      View Details
    • Contact for pricing

      Land For Sale Heber, AZ

      Approximately 340.18 acres of land for sale in Heber, AZ.
      2811 White Cliff Dr, Heber, AZ 85298
      View Details
    • $699,900
      0.91 Acres

      Gilbert Land Parcel, No HOA

      Nearly 1-acre parcel to build your dream custom home.
      17419 E Stone Crst Dr, Gilbert, AZ 85298
      View Details
    • New
      $995,000
      1.01 Acres

      Acre Lot in Gilbert, AZ

      One-acre lot in Gilbert, Arizona, ideal for custom home.
      21xxxx S 145Th St, Gilbert, AZ 85298
      View Details
    • $850,000
      56,628 SF

      Land Available in Gilbert, Arizona

      Land for sale in Gilbert, Arizona, totaling 56,628 square feet.
      21410 South Greenfield Rd, Gilbert, AZ 85298
      View Details
    • $589,000
      Pending

      Spacious Gilbert Land Parcel

      1.2-acre lot in Gilbert, build your dream home!
      21627 S 156Th St, Gilbert, AZ 85298
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Gilbert, Arizona

      Prime retail spaces with drive-thru in high-traffic Gilbert location.
      Sec Higley Rd & Ocotillo Rd, Gilbert, AZ 85298
      View Details
    • Contact for pricing

      Retail Space at Chandler Heights

      Retail space available for lease at Chandler Heights & Power.
      23908 S Power Rd, Gilbert, AZ 85298
      View Details
    • Contact for pricing
      4,080 SF

      Retail Space in Gilbert, Arizona

      Retail space available for lease in Gilbert, Arizona.
      4828 S Val Vista Dr, Gilbert, AZ 85298
      View Details
    • Contact for pricing
      2,593 SF

      Retail Space Near Gilbert Park

      Retail space in Gilbert, near residential and school areas.
      6225 S Higley Rd, Gilbert, AZ 85298
      View Details

    Property Visit Statistics

    • Visits by month
      618
    • Visitors by month
      582
    • Avg Time on site
      19 min
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    Gilbert, AZ 85298-7326
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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