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Property profile & analytics
FOR SALE
Strip malls
53 N Val Vista Dr Gilbert, AZ 85234
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0347895
For Sale
1 / 2
$3,000,000
53 N Val Vista Dr, Gilbert, AZ 85234
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
CONCRETE
Total area
11,400 SF
Lot
1.45 ac (63,326 SF)
Zoning code
CC
APN
309-21-237
UPID
US07-0347895
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
-
All Things Embroidered Production Facility Textile Manufacturer
-
Hunberto's Mexican Food Restaurant
-
Coffee Rush Cafe & Coffee Shop
-
Diamondback Cleaners (Bike/Boat/Book/etc) Store
-
Elite Salon Day Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$3.92M
Owner & transaction history
Abramson,myron C Trust · 7 yrs held
Abramson,myron C Trust
since 2019
7 recorded transactions
Zoning & alternative use
CC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+50.9%
Auto repair, garage
$5.1M
+22.0%
Retail stores
$4.2M
+0.9%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,150,000
Current use
RESTAURANT
$6,260,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,060,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$4,185,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.92M
Range $3.52M – $4.31M · ±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
$343 / 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
$23,087
Tax year 2023
Assessed value
$482,443
Assessed 2024
Previous assessed
$414,375
+16.4% YoY
Effective rate
4.79%
On assessed value
Land market value
$820,500
Improvement market value
$2,103,395
Total market value
$2,923,895
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
11,400 SF
Lot
1.45 ac (63,326 SF)
Zoning code
CC
APN
309-21-237
UPID
US07-0347895
Jurisdiction
MARICOPA
Zoning & alternative use
CC · Gilbert, AZ
Zoning CC · permitted uses
CC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
RESTAURANT
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Abramson,myron C Trust
Trust
Mailing address
12101 BRAEMORE PL, NORTHRIDGE, CA 91326-1201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Prince 53 LLC
—
Deed
related
$1,575,000 · Desert Financial Cu
Jan 24, 2019
—
Abramson,myron C Trust
Abramson,myron C
Quit Claim Deed
related
—
Sep 2, 2016
—
Adrienne Mansi
—
Deed
related
$1,625,000 · Washington Federal
Jul 27, 2016
$16,571
Requarth 1997 Family Trust
Poplar,stephen 2005 Trust
Grant Deed
—
Oct 25, 2011
—
Rps Cd Holdings Corp
Real Property Solutions INC
Grant Deed
—
Dec 2, 2008
—
Requarth Family 1997 Trust
Mattern,donna
Warranty Deed
—
Feb 17, 2006
$3,490,000
Adrienne Mansi
Elliot Ranch Lot 2 LLC
Special Warranty Deed
$1,850,000 · West American Capital LP
Oct 25, 2002
$2,350,000
Elliot Ranch Plaza LLC
Ghb,tr
Grant Deed
$1,750,000 · Gmac Commercial Mortgage Corp
May 7, 2002
—
Ghb Trust
—
Deed Of Trust
related
$2,570,000 · California National Bank
—
—
Rps Cd Holding Corp
—
Deed Of Trust
related
$200,000 · Abbey Weitzenberg Warren & Eme
—
—
Rps Cd Holding Corp
—
Deed Of Trust
related
$86,567 · Severi Family Living Tr (pt)
—
—
Mansi,robert & Adrienne Trust
—
Deed Of Trust
related
$1,600,000 · James M & Margo Requarth
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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