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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Warehouses
660 Monterey St Gilbert, AZ 85233-3823
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2141696
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
CONCRETE
Total area
7,299 SF
Lot
0.98 ac (42,616 SF)
Zoning code
LI
APN
302-15-046B
UPID
US07-2141696
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
$1.82M
Blend (final)
Blend
$2.28M
Owner & transaction history
R Marchini Enterprises LP · 3 yrs held
R Marchini Enterprises LP
since 2022
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+147.8%
Retail stores
$2.7M
+104.9%
Neighborhood: shopping center
$2.7M
+103.1%
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
$2,990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,240,000
Change: +148% · Conversion: Easy
RETAIL STORES
$2,680,000
Change: +105% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,655,000
Change: +103% · Conversion: Moderate
MEDICAL BUILDING
$1,865,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,625,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±10% · vs last sale $3.02M (Jul 22 2022)
Last sale anchor
$3.02M
Jul 22 2022
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
$312 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$13,402
Tax year 2022
Assessed value
$258,968
Assessed 2024
Previous assessed
$226,049
+14.6% YoY
Effective rate
5.18%
On assessed value
Land market value
$307,900
Improvement market value
$1,261,600
Total market value
$1,569,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,299 SF
Lot
0.98 ac (42,616 SF)
Zoning code
LI
APN
302-15-046B
UPID
US07-2141696
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Gilbert, AZ
Zoning LI · permitted uses
LI · 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
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
R Marchini Enterprises LP
Entity
Mailing address
2632 LA LOMA RD, MERCED, CA 95340-8663
Ownership since
2022
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
Jul 22, 2022
$3,020,000
R Marchini Enterprises LP
Clarinet I LLC
Special Warranty Deed
$1,422,904 · Farmers & Merchants Bank Of Central
Nov 30, 2016
—
Clarinet I LLC
—
Deed
related
$507,000 · Pinnacle Bank
Jun 30, 2008
$1,995,000
Clarinet I LLC
Bsj-gilbert Az-1
Warranty Deed
$1,130,000 · Pinnacle Bank
Mar 20, 2008
—
R & P Leasing LLC
Bsj-gilbert Az-1
Warranty Deed
related
—
Aug 3, 2007
$1,399,000
Bsj-gilbert Az-1
Aloha Development LLC
Grant Deed
—
Aug 3, 2007
—
Bsj-gilbert Az-1
Aloha Development LLC
Grant Deed
related
$1,474,061 · Capital One Fin'l
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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