New search
Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Day care centers
505 Gilbert Rd Gilbert, AZ 85296-2203
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-2560704
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1940
Construction
CONCRETE
Total area
1,885 SF
Lot
1.12 ac (48,998 SF)
Zoning code
C-1
APN
304-23-020Z
UPID
US07-2560704
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
-
Greenhouse Montessori Primary School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$755k
Owner & transaction history
Jasp Holdings LLC · 12 yrs held
Jasp Holdings LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-1 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$835,000
+58.4%
Retail stores
$690,000
+30.9%
Neighborhood: shopping center
$685,000
+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
$530,000
Current use
AUTO REPAIR, GARAGE
$835,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$480,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$401 / 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
$14,389
Tax year 2023
Assessed value
$279,613
Assessed 2024
Previous assessed
$229,001
+22.1% YoY
Effective rate
5.15%
On assessed value
Land market value
$731,800
Improvement market value
$1,378,486
Total market value
$2,110,286
Applied tax rate
410,004.0000
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
1940
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
2
Rooms
7
Total area
1,885 SF
Lot
1.12 ac (48,998 SF)
Zoning code
C-1
APN
304-23-020Z
UPID
US07-2560704
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Gilbert, AZ
Zoning C-1 · permitted uses
C-1 · 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
$530,000
AUTO REPAIR, GARAGE
Est. value
$835,000
RETAIL STORES
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
MEDICAL BUILDING
Est. value
$480,000
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
1940
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
2
Rooms
7
Lot
1.12 ac
Current owner
From public records · entity-resolved
Jasp Holdings LLC
Entity
Mailing address
505 S GILBERT RD, GILBERT, AZ 85296-2203
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Oct 13, 2022
—
Jasp Holdings LLC
—
Deed
related
$663,000 · Cdc Small Business Finance Corp
Feb 4, 2021
—
Jasp Holdings LLC
—
Deed
related
$643,000 · Meadows Bank
Oct 16, 2017
—
Jasp Holdings LLC
—
Deed
related
$539,000 · Washington Federal NA
Apr 17, 2014
—
Jasp Holdings LLC
Papp,david & Jennifer
Warranty Deed
—
Nov 1, 2004
$385,000
David Papp
Fillmore,john M
Warranty Deed
$345,000 · John M Fillmore
—
—
Papp,david & Jennifer
—
Deed Of Trust
related
$472,500 · National Bk/az
—
—
David Papp
—
Deed Of Trust
related
$603,000 · Comerica Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Gilbert Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
