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Property profile & analytics
OFF-MARKET
Estimated value
$12,915,000
Grocery and convenience stores
714 Val Vis Dr Gilbert, AZ 85296-3140
Entity Owned
24-yr Hold
Free & Clear
Property ID
US07-1066727
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
CONCRETE
Total area
62,605 SF
Lot
6.66 ac (289,918 SF)
Zoning code
GC
APN
304-22-807
UPID
US07-1066727
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
-
Starbucks Cafe & Coffee Shop
-
Coinstar Kiosk Bitcoin Enabled Bank Credit Union
-
Phantom Fireworks Stand Discount Store Party Supply Store
-
SNOWFOX Restaurant
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.23M
Blend (final)
Blend
$12.92M
Owner & transaction history
Smiths Food & Drug Centers INC · 24 yrs held
Smiths Food & Drug Centers INC
since 2002
7 recorded transactions
Zoning & alternative use
GC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
General Commercial zoning district tends toward a mix of retail and office uses that are developed independently and may not be dependent on one another. There are a broad range of uses permitted within GC that often function as transitional in nature.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,118.67 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
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
Blend value · Realmo final
$12.92M
Range $11.62M – $14.21M · ±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
$206 / 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
$119,139
Tax year 2023
Assessed value
$1,776,918
Assessed 2024
Previous assessed
$1,545,096
+15.0% YoY
Effective rate
6.70%
On assessed value
Land market value
$5,493,100
Improvement market value
$5,276,100
Total market value
$10,769,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
62,605 SF
Lot
6.66 ac (289,918 SF)
Zoning code
GC
APN
304-22-807
UPID
US07-1066727
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Gilbert, AZZoning GC · permitted uses
GC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
General Commercial zoning district tends toward a mix of retail and office uses that are developed independently and may not be dependent on one another. There are a broad range of uses permitted within GC that often function as transitional in nature.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,118.67 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
6.66 ac
Current owner
From public records · entity-resolved
Smiths Food & Drug Centers INC
Entity
Free & Clear · 24 yrs held
Mailing address
500 S 99TH AVE, TOLLESON, AZ 85353-9700
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2002
—
Smiths Food & Drug Centers INC
Dillon Real Estate Co INC
Quit Claim Deed
related
—
Apr 29, 1998
$425,000
Jerry A Lee
Mariah Properties #4 LLC
Grant Deed
$2,910,000 · Citicorp Leasing INC
Mar 27, 1998
$1,159,670
Dillon Real Estate Co INC
Mariah Properties 4 LLC
Trustees Deed
—
Mar 27, 1998
—
Williams Trust
Mariah Properties 4 LLC
Quit Claim Deed
related
—
Mar 13, 1998
—
Mariah Properties 4 LLC
Williams Trust
Quit Claim Deed
related
—
Nov 26, 1997
$500,000
Properties L C Mariah IV
Janice P Andersen
Grant Deed
—
Aug 26, 1997
—
Properties L C Mariah IV
Mariah L L C
Quit Claim Deed
related
—
Feb 24, 1997
$1,244,280
Properties L C Mariah III
Janice P Andersen
Grant Deed
$616,287 · Omaha State 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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