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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    690 Warner Rd Gilbert, AZ 85233-7238

    • Day care centers
    • 15,416 SF
    • 2.32 lot acres
    OFF-MARKET
    Value Estimations
    $5,550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3454086
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Scott Madison - State Farm Insurance Agent / Auto Insurance Agency / Home Insurance Agency
    • GlobalPOPs / Wholesaler
    • Alpha Dentistry / Dentist
    • Ted H. Tang, DDS / Dentist
    • East West Dental / Dentist

    Property Details for 690 Warner Rd

    Year built
    2004
    Construction
    CONCRETE
    Lot size
    2.32 lot acres
    Property size
    15,416 SF
    Zone code
    C-C
    Property type
    Day care centers
    APN
    302-35-382
    APU
    30235382

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,613,000
      Market price range: $2.57M - $6.22M
      AI Estimate
      $5,486,000
      Market price range: $2.31M - $6.16M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $4,320,000
      Current use
      RESTAURANT
      $8,470,000
      Change: +96% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,845,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $5,660,000
      Change: +31% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,610,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $3,940,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.805
    Latitude
    33.3361
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,664
    $0.00
    $0.00
    $521,711
    -
    $1,341,000
    $3,876,108
    $5,217,108

    Comparable in this City

    • Value Estimation
      $3,040,000
      10,089 SF

      875 Cooper Rd

      DAY CARE, PRE-SCHOOL • 10,089 SF
      875 Cooper Rd, Gilbert, AZ 85233-7581
      View Details
    • Value Estimation
      $3,195,000
      8,016 SF

      410 Mcqueen Rd

      DAY CARE, PRE-SCHOOL • 8,016 SF
      410 Mcqueen Rd, Gilbert, AZ 85233-6542
      View Details
    • Value Estimation
      $4,050,000
      10,094 SF

      1675 Guadalupe Rd

      DAY CARE, PRE-SCHOOL • 10,094 SF
      1675 Guadalupe Rd, Gilbert, AZ 85233-2929
      View Details
    • Value Estimation
      $2,840,000
      10,024 SF

      71 Mcqueen Rd

      DAY CARE, PRE-SCHOOL • 10,024 SF
      71 Mcqueen Rd, Gilbert, AZ 85233-5500
      View Details
    • Value Estimation
      $2,050,000
      8,660 SF

      900 Cooper Rd

      DAY CARE, PRE-SCHOOL • 8,660 SF
      900 Cooper Rd, Gilbert, AZ 85233-7576
      View Details
    • Value Estimation
      $995,000
      2,458 SF

      1530 Elliot Rd

      VETERINARY, ANIMAL HOSPITAL • 2,458 SF
      1530 Elliot Rd, Gilbert, AZ 85233-5161
      View Details

    Similar Nearby for Sale

    • $5,164,000
      8,068 SF

      Gilbert Investment Opportunity

      Long-term leased day care center with annual rent increases.
      720 E Warner Rd, Gilbert, AZ 85233
      View Details
    • $975,000
      2,533 SF

      Auto Shop NNN Lease

      Newer construction auto shop with an existing NNN lease.
      760 W Guadalupe Rd, Gilbert, AZ 85233
      View Details
    • $193,000
      0.15 Acres

      Gilbert Vacant Lot in District

      Vacant lot in Gilbert's Heritage District, ideal for custom home.
      102 W Washington Ave, Gilbert, AZ 85233
      View Details
    • $4,120,000
      17,535 SF

      Industrial Flex Property in Gilbert

      17,535 SF industrial flex property with convenient access to US-60.
      701 N Golden Key St, Gilbert, AZ 85233
      View Details
    • $12,000,000
      55,345 SF

      Spacious Warehouse with Gated Yard

      Large warehouse with heavy power, A/C, and gated yard.
      2065 W Obispo Ave, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      8,684 SF

      Free-Standing Restaurant on Baseline Road

      8,684 SF restaurant near Baseline and Cooper Rd intersection.
      1017 E Baseline Rd, Gilbert, AZ 85233
      View Details

    Similar Nearby for Lease

    • $1.40 SF/Yr
      14,859 SF

      Retail, Office & Industrial Space

      Retail, office, and industrial spaces available for lease.
      761 N Monterey St, Gilbert, AZ 85233
      View Details
    • $1.20 SF/Yr
      48,890 SF

      Industrial Suites For Lease

      Professional industrial suites available for lease with easy highway access.
      1730 W Sunrise Blvd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      6,200 SF

      Gilbert Retail Center - High Traffic Area

      Prime Gilbert location, 1,200 SF available.
      1845 Baseline Rd, Gilbert, AZ 85233
      View Details
    • $28 SF/Yr
      35,142 SF

      Gilbert Medical Office Space

      Prime Gilbert location, 2,200 sq ft available
      201 Guadalupe Rd, Gilbert, AZ 85233
      View Details
    • $16 SF/Yr
      17,401 SF

      Chandler Warehouse Sublease Opportunity

      Prime industrial space, immediate occupancy.
      450 Warner Rd, Gilbert, AZ 85233
      View Details
    • $19 SF/Yr
      5,400 SF

      Gilbert Office Space - 1659 SF

      Prime Gilbert office, ample parking, natural light.
      2325 Guadalupe Rd, Gilbert, AZ 85233
      View Details
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    690 Warner Rd
    Gilbert, AZ 85233-7238
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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