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Property profile & analytics
FOR LEASE
Flex space
714 N Monterey St Gilbert, AZ 85233
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2251058
For Lease
1 / 2
$2,055,000
714 N Monterey St, Gilbert, AZ 85233
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Construction
CONCRETE
Total area
10,760 SF
Lot
0.64 ac (28,000 SF)
Zoning code
LI
APN
302-15-048
UPID
US07-2251058
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
-
G & C Door & Trim Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$2.06M
Owner & transaction history
Cascade Range Investments LLC · 4 yrs held
Cascade Range Investments LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.8M
+66.5%
Office building
$2.4M
+44.9%
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
$2,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,650,000
Current use
MEDICAL BUILDING
$2,750,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$2,395,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10% · vs last sale $2.20M (Jun 22 2022)
Last sale anchor
$2.20M
Jun 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
$191 / 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
$11,460
Tax year 2023
Assessed value
$271,557
Assessed 2024
Previous assessed
$207,791
+30.7% YoY
Effective rate
4.22%
On assessed value
Land market value
$225,700
Improvement market value
$1,420,100
Total market value
$1,645,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,760 SF
Lot
0.64 ac (28,000 SF)
Zoning code
LI
APN
302-15-048
UPID
US07-2251058
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Cascade Range Investments LLC
Entity
Mailing address
4611 NW FRUIT VLY RD #101, VANCOUVER, WA 98660-1244
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
$2,200,000
Cascade Range Investments LLC
L & B Monterey LLC
Special Warranty Deed
—
Aug 23, 2021
—
L&b Monterey LLC
L&b Monterey LLC
Intrafamily Transfer
related
—
May 23, 2018
—
L & B Monterey LLC
—
Deed
related
$300,000 · Fortune Group INC
Dec 30, 2016
—
L&b Monterey LLC
—
Deed
related
$483,000 · First Fidelity Bank
Mar 21, 2012
$390,000
L & B Montery LLC
Cf Usb Reo LLC
Grant Deed
$351,000 · Cf Usb Reo LLC
Aug 23, 2011
—
Cf Usb Reo LLC
Monterey Commercial Center LLC
Grant Deed
—
Jan 30, 2006
$1,100,000
Monterey Commercial Center
Sunland Express LLC
Warranty Deed
$880,000 · Us Bank NA
Apr 13, 2001
$600,000
Sunland Express LLC
Burns,john A & Lisa M
Grant Deed
$540,000 · Sonoma National Bank
Sep 16, 1998
$550,000
John A Burns
Palomino,maximo & Ann
Grant Deed
$495,000 · Bank Of Arizona
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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