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Property profile & analytics
OFF-MARKET
Estimated value
$10,670,000
Outlet malls
5340 Power Rd Gilbert, AZ 85295-8402
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1410542
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Construction
CONCRETE
Total area
20,318 SF
Lot
3.49 ac (151,928 SF)
Zoning code
R-3
APN
304-39-915
UPID
US07-1410542
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
-
Willowview Dental Care Dental Office
-
Gilbert Wax Bar Spa & Massage Center Skin Care Clinic
-
Aj Reflexology Alternative Medicine Practice Spa & Massage Center
-
Fab. Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.82M
Blend (final)
Blend
$10.67M
Owner & transaction history
Bc Pico LLC · 5 yrs held
Bc Pico LLC
since 2021
Last sale
$13.9M
3 recorded transactions
Zoning & alternative use
R-3 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 8)
Top alternative use upside
Commercial (general)
$16.3M
+118.6%
Restaurant
$11.2M
+49.6%
Auto repair, garage
$9.0M
+20.9%
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
$11,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,460,000
Current use
COMMERCIAL (GENERAL)
$16,305,000
Change: +119% · Conversion: Easy
RESTAURANT
$11,160,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,020,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,395,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$10.67M
Range $9.60M – $11.74M · ±10% · vs last sale $13.85M (Jan 7 2021)
Last sale anchor
$13.85M
Jan 7 2021
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
$525 / 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
$78,218
Tax year 2023
Assessed value
$976,388
Assessed 2024
Previous assessed
$847,365
+15.2% YoY
Effective rate
8.01%
On assessed value
Land market value
$1,666,100
Improvement market value
$4,251,400
Total market value
$5,917,500
Applied tax rate
600,605.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
20,318 SF
Lot
3.49 ac (151,928 SF)
Zoning code
R-3
APN
304-39-915
UPID
US07-1410542
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Gilbert, AZZoning R-3 · permitted uses
R-3 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 8)
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$16.3M
RESTAURANT
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
3.49 ac
Current owner
From public records · entity-resolved
Bc Pico LLC
Entity
Mailing address
11601 SANTA MONICA BLVD, LOS ANGELES, CA 90025-2907
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Bc Pico LLC
—
Deed
related
$12,000,000 · Banc Of California
Jan 13, 2026
—
Bc Pico LLC
—
Deed
related
$12,000,000 · Banc Of California
Jan 7, 2021
$13,850,026
Bc Pico LLC
Gilbert Chandler Heights I LLC
Special Warranty Deed
$9,010,000 · Zb NA
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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