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Property profile & analytics
FOR SALE
Day care centers
500 S Gilbert Rd Gilbert, AZ 85296
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3333872
For Sale
1 / 2
$2,807,400
500 S Gilbert Rd, Gilbert, AZ 85296
View Listing →
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1999
Construction
STEEL FRAME
Total area
9,250 SF
Lot
1.1 ac (47,715 SF)
Zoning code
C-C
APN
302-35-326
UPID
US07-3333872
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
-
Angel Adult Day Center Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.53M
Owner & transaction history
500 Gilbert LLC · 1 yrs held
500 Gilbert LLC
since 2024
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
C-C · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+58.4%
Retail stores
$3.4M
+30.9%
Neighborhood: shopping center
$3.4M
+29.8%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$2,595,000
Current use
AUTO REPAIR, GARAGE
$4,105,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$3,395,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,365,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$2,365,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±10% · vs last sale $2.85M (Apr 15 2024)
Last sale anchor
$2.85M
Apr 15 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
$273 / 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
$12,693
Tax year 2023
Assessed value
$206,486
Assessed 2024
Previous assessed
$176,720
+16.8% YoY
Effective rate
6.15%
On assessed value
Land market value
$715,700
Improvement market value
$1,349,162
Total market value
$2,064,862
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
For Sale
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
9,250 SF
Lot
1.1 ac (47,715 SF)
Zoning code
C-C
APN
302-35-326
UPID
US07-3333872
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Gilbert, AZ
Zoning 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
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
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$2.4M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
500 Gilbert LLC
Entity
Mailing address
500 S GILBERT RD, GILBERT, AZ 85296-2202
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
$2,850,000
500 Gilbert LLC
Angel Day Care LLC
Special Warranty Deed
$2,280,000 · Midfirst Bank
Jun 19, 2020
—
Angel Day Care LLC
Dafni LLC
Special Warranty Deed
$1,438,000 · United States Of America
Aug 2, 2018
—
Dafni LLC
Empire West Title Agency LLC
Grant Deed
related
—
Jul 6, 2017
$1,500,000
Angel Day Care LLC
Kc Propce LLC
Special Warranty Deed
$975,000 · Arizona Mortgage & Investments LLC
Nov 14, 2005
$2,091,317
Kc Propco LLC
Aramark Educational Rsrcs INC
Grant Deed
—
Jul 10, 2002
$1,609,810
Aramark Educational Resources
Smbc Leasing & Finance INC
Quit Claim Deed
related
—
—
—
Knowledge Learning Ents INC
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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