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Property profile & analytics
OFF-MARKET
Strip malls
4865 Higley Rd Gilbert, AZ 85298-5801
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0576760
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Construction
STEEL FRAME
Total area
8,648 SF
Lot
1.4 ac (60,992 SF)
Zoning code
SC
APN
304-69-973
UPID
US07-0576760
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
-
Starbucks Cafe & Coffee Shop
-
Perspire Sauna Studio Gym & Fitness Center Spa & Massage Center
-
Vito’s Pizza & Italian Ristorante Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Az Management & Investments LLC · 4 yrs held
Az Management & Investments LLC
since 2021
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Shopping Center zoning district permits a group of medium to large retail, offices and other commercial establishments that are planned, developed, and managed as a single property. Site features, amenities and on site parking are typically shared.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
884.59 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$24,399
Tax year 2023
Assessed value
$431,775
Assessed 2024
Previous assessed
$370,957
+16.4% YoY
Effective rate
5.65%
On assessed value
Land market value
$996,000
Improvement market value
$1,620,817
Total market value
$2,616,817
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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
8,648 SF
Lot
1.4 ac (60,992 SF)
Zoning code
SC
APN
304-69-973
UPID
US07-0576760
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Gilbert, AZZoning SC · permitted uses
SC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Shopping Center zoning district permits a group of medium to large retail, offices and other commercial establishments that are planned, developed, and managed as a single property. Site features, amenities and on site parking are typically shared.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
884.59 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Az Management & Investments LLC
Entity
Mailing address
11310 VLY BLVD, EL MONTE, CA 91731-3228
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$6,100,000
Az Management & Investments LLC
Kfh Arj LLC
Special Warranty Deed
$3,965,000 · Arizona FCU
Jan 18, 2019
—
Kfh-arj LLC
Arj Properties LLC
Quit Claim Deed
$2,300,000 · Commerce Bk/az
Sep 1, 2015
—
John W Glessner JR
—
Trustees Deed
related
$350,000 · Down-undre Properties
Oct 1, 2014
$1,700,000
Arj Properties LLC
Jorde Hacienda INC
Grant Deed
—
Dec 7, 2011
$3,750,000
Jorde Hacienda INC
Meridian Land Holdings LLC
Grant Deed
—
Dec 6, 2011
$3,750,000
Jorde Hacienda INC
Meridian Land Holdings LLC
Grant Deed
—
Oct 4, 2010
$5,000,000
Meridian Land Holdings LLC
Blakley,kevin J
Trustees Deed
related
—
Oct 23, 2009
—
Higley Village Dev LLC
—
Deed Of Trust
related
$11,640,000 · Meridian Bank
—
—
Jorde Hacienda INC
—
Loan Modification
related
—
—
—
Jorde Hacienda INC
—
Deed Of Trust
related
$500,000 · Western St Bk
—
—
Jorde Hacienda INC
—
Deed Of Trust
related
$200,000 · Western St Bk
—
—
Jorde Hacienda INC
—
Loan Modification
related
—
—
—
Jorde Hacienda INC
—
Loan Modification
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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