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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Auto shops
670 Ray Rd Gilbert, AZ 85233-8407
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0769678
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Construction
CONCRETE
Total area
1,512 SF
Lot
0.44 ac (19,313 SF)
Zoning code
CC
APN
302-82-955
UPID
US07-0769678
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
-
Grease Monkey Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.05M
Owner & transaction history
Valvoline LLC · 1 yrs held
Valvoline LLC
since 2025
7 recorded transactions
Zoning & alternative use
CC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+80.8%
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
AUTO REPAIR, GARAGE
$670,000
Current use
COMMERCIAL (GENERAL)
$1,215,000
Change: +81% · Conversion: Moderate
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±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
$694 / 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
$7,011
Tax year 2022
Assessed value
$104,813
Assessed 2024
Previous assessed
$84,728
+23.7% YoY
Effective rate
6.69%
On assessed value
Land market value
$336,000
Improvement market value
$299,228
Total market value
$635,228
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
1,512 SF
Lot
0.44 ac (19,313 SF)
Zoning code
CC
APN
302-82-955
UPID
US07-0769678
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
AUTO REPAIR, GARAGE Current
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
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
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Valvoline LLC
Entity
Mailing address
5435 E PEAK VW RD, CAVE CREEK, AZ 85331-6309
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Valvoline LLC
670 West Ray LLC
Deed
—
Jan 26, 2024
—
670 West Ray LLC
—
Deed
related
$800,000 · Arizona FCU
May 22, 2023
—
670 West Ray LLC
—
Deed
related
$350,000 · Active Funding Group LLC
May 18, 2023
—
670 West Ray LLC
—
Deed
related
$350,000 · Active Funding Group LLC
May 10, 2022
$680,000
670 West Ray LLC
Royss LLC
Special Warranty Deed
—
Nov 22, 2021
$520,000
Royess LLC
Charles M Ostro
Special Warranty Deed
$403,000 · Arizona FCU
May 28, 2010
$1,065,000
Ostro Charles M Trust
Bmz Partners LLC
Grant Deed
$585,750 · First Place Bank
Jun 23, 1998
$217,700
Bmz Partners LLC
Commercial Corner Inves LLC
Grant Deed
—
—
—
Bmz Partners LLC
—
Deed Of Trust
related
$1,000,000 · California Bank & Trust
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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