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Property profile & analytics
OFF-MARKET
Estimated value
$11,200,000
Hospitals
5656 Power Rd 1, Gilbert, AZ 85295-8480
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0634738
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2004
Construction
CONCRETE
Total area
39,734 SF
Lot
0.87 ac (37,826 SF)
Zoning code
BP
APN
304-38-987
UPID
US07-0634738
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
-
Jorge Sanchez Physician
-
Sweet Tooth Pediatric Dentistry Dental Office
-
Desert Springs Dental Group Dental Office
-
Dr. Shandy S. Condie, DDS Dental Office
-
Gateway Dental Care Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.32M
Comparable Approach
Comparable
$14.58M
Blend (final)
Blend
$11.20M
Owner & transaction history
Gilbert Assets LLC · 5 yrs held
Gilbert Assets LLC
since 2021
Last sale
$10.5M
5 recorded transactions
Zoning & alternative use
BP · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.6M
+73.7%
Retail stores
$14.6M
+43.6%
Neighborhood: shopping center
$14.5M
+42.4%
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
$8,710,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,010,000
6.5%
$8,320,000
7%
$7,725,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,155,000
Current use
AUTO REPAIR, GARAGE
$17,640,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$14,585,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,460,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$11,155,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$11.20M
Range $10.08M – $12.32M · ±10% · vs last sale $10.50M (Feb 12 2021)
Last sale anchor
$10.50M
Feb 12 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
$282 / 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
$178,958
Tax year 2023
Assessed value
$2,235,767
Assessed 2024
Previous assessed
$1,738,182
+28.6% YoY
Effective rate
8.00%
On assessed value
Land market value
$2,710,000
Improvement market value
$10,840,100
Total market value
$13,550,100
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
39,734 SF
Lot
0.87 ac (37,826 SF)
Zoning code
BP
APN
304-38-987
UPID
US07-0634738
Jurisdiction
MARICOPA
Zoning & alternative use
BP · Gilbert, AZ
Zoning BP · permitted uses
BP · 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
MEDICAL BUILDING Current
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$17.6M
RETAIL STORES
Est. value
$14.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.5M
OFFICE BUILDING
Est. value
$11.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Gilbert Assets LLC
Entity
Mailing address
6030 S RICE AVE, HOUSTON, TX 77081-2943
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
$10,500,000
Gilbert Assets LLC
Mpt Of Gilbert LLC
Special Warranty Deed
$8,400,000 · Comerica Bank
Jan 4, 2011
$17,100,000
Mpt Of Gilbert LLC
Ng Hackman Gilbert Hosp LLC
Grant Deed
—
Oct 16, 2007
—
Ng Hackman Gilbert Hosp LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 30, 2005
$716,000
White Sand Beaches LLC
Gateway Medical Investors
Grant Deed
related
$1,565,000 · Cit Small Business Lending Co
Jul 15, 2005
$503,475
Barber Property Management
Gateway Medical Investor L
Grant Deed
related
$1,000,000 · Cit Small Business Lending Co
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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