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Property profile & analytics
OFF-MARKET
Strip malls
694 Cooper Rd Gilbert, AZ 85233-7165
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3302079
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
CONCRETE
Total area
5,886 SF
Lot
0.63 ac (27,447 SF)
Zoning code
CC
APN
302-96-940
UPID
US07-3302079
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
-
Harmony Dental Dental Office
-
Dr. Michio Kubota, DDS Dental Office
-
Iron Doors Arizona Hardware & Home Improvement Production Facility
-
Michio Null Kubota Dental Office
-
Boba CuCue Bubble Tea Cafe - Gilbert Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gustavo Properties LLC · 6 yrs held
Gustavo Properties LLC
since 2020
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
CC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of Community Commercial zoning is to allow the integration of less intense small to medium scale businesses within proximity of neighborhoods. The uses permitted within CC are limited in size and scale and are primarily focused on workforce and neighborhood service needs.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
458.78 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,263
Tax year 2023
Assessed value
$156,189
Assessed 2024
Previous assessed
$135,745
+15.1% YoY
Effective rate
7.21%
On assessed value
Land market value
$431,300
Improvement market value
$515,300
Total market value
$946,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,886 SF
Lot
0.63 ac (27,447 SF)
Zoning code
CC
APN
302-96-940
UPID
US07-3302079
Jurisdiction
MARICOPA
Zoning & alternative use
CC · Gilbert, AZZoning CC · permitted uses
CC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of Community Commercial zoning is to allow the integration of less intense small to medium scale businesses within proximity of neighborhoods. The uses permitted within CC are limited in size and scale and are primarily focused on workforce and neighborhood service needs.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
458.78 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Gustavo Properties LLC
Entity
Mailing address
1255 BARKLEY BLVD STE #107, BELLINGHAM, WA 98226-3553
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2020
$5,000,000
Gustavo Properties LLC
B33 Bayshore Plaza LLC
Special Warranty Deed
$2,600,000 · Solera National Bank
Jan 22, 2018
$4,305,000
B33 Bayshore Plaza LLC
Geccmc 2004-c2 Retail 694
Grant Deed
—
Sep 5, 2013
$2,475,000
Geccmc 2004-c2 Retail 694 LLC
Maskovich Jacob A
Trustees Deed
—
Oct 25, 2012
—
Davies Ents LLC
—
Deed Of Trust
related
$1,440,755 · Davies Doris & Joseph Tr (pt)
Mar 31, 2005
$7,400,000
Davies Ents LLC
Lw2 LLC
Grant Deed
—
Apr 30, 2003
$5,187,000
Mission Center Road LLC
Bayshore Plaza Investors LLC
Grant Deed
—
Dec 4, 2001
$4,200,000
Bayshore Plaza Investors LLC
Vestar Arizona Xxiii LLC
Grant Deed
related
$3,150,000 · Pacific Crest Bank
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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