Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Parking lots & garages
555 Knox Rd Gilbert, AZ 85233-8040
Individually Owned
26-yr Hold
Property ID
US07-0468050
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1996
Construction
STEEL FRAME
Total area
2,092 SF
Lot
1.07 ac (46,518 SF)
Zoning code
SF-7
APN
302-82-612
UPID
US07-0468050
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$770k
Owner & transaction history
James P Bell · 26 yrs held
James P Bell
since 2000
6 recorded transactions
Zoning & alternative use
SF-7 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Single Family 7 zoning districts are almost exclusively within developer constructed subdivisions or master planned communities. The lots are large enough to accommodate 2 and 3 car garages, courtyards, porches, patios and rear yard accessory structures. The density of this zoning district varies between 2 and 5 dwelling units per acre.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
8,144.00 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$930,000
+90.0%
Retail stores
$770,000
+57.1%
Neighborhood: shopping center
$760,000
+55.8%
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
PARKING LOT
$490,000
Current use
AUTO REPAIR, GARAGE
$930,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$465,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$368 / 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
$2,248
Tax year 2023
Assessed value
$53,080
Assessed 2024
Previous assessed
$43,220
+22.8% YoY
Effective rate
4.24%
On assessed value
Land market value
$410,900
Improvement market value
$119,898
Total market value
$530,798
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Rooms
8
Bathrooms
2
Total area
2,092 SF
Lot
1.07 ac (46,518 SF)
Zoning code
SF-7
APN
302-82-612
UPID
US07-0468050
Jurisdiction
MARICOPA
Zoning & alternative use
SF-7 · Gilbert, AZZoning SF-7 · permitted uses
SF-7 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Single Family 7 zoning districts are almost exclusively within developer constructed subdivisions or master planned communities. The lots are large enough to accommodate 2 and 3 car garages, courtyards, porches, patios and rear yard accessory structures. The density of this zoning district varies between 2 and 5 dwelling units per acre.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
8,144.00 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$930,000
RETAIL STORES
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
MEDICAL BUILDING
Est. value
$535,000
OFFICE BUILDING
Est. value
$465,000
PARKING LOT Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1996
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Rooms
8
Bathrooms
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
James P Bell
Individual
Mailing address
555 W KNOX RD, GILBERT, AZ 85233-8040
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2000
$205,000
James P Bell
Harley S Hilgeman Estate
Grant Deed
$184,500 · Express One Mortgage Corp
Mar 12, 1996
$79,900
Hilgeman,harley S & Imogene
Mark A & Sue L Davis
Trustees Deed
—
Mar 12, 1996
—
Mark A Davis
Dave Est Homeowners Assn
Quit Claim Deed
related
—
—
—
James P Bell
—
Deed Of Trust
related
$179,000 · Fnmc
—
—
James P Bell
—
Loan Modification
related
$154,619 · Pnc Mtg
—
—
James P Bell
—
Deed Of Trust
related
$24,357 · Robert W & Christine L Holder
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 555 Knox 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.
