Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    747 Val Vis Dr, Unit 110 Gilbert, AZ 85234-8169
    Property profile & analytics

    747 Val Vis Dr, Unit 110, Gilbert, AZ 85234-8169

    View on Map
    • Specialty properties
    • 5,110 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US07-1304520
    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.
    Value Estimations
    $1,740,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Val Vista Animal Hospital / Veterinary Clinic
    • SARAH LITTLE, DVM / Veterinary Clinic

    Property Details for 747 Val Vis Dr

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    0.90 lot acres
    Zone code
    NC
    Property type
    Specialty properties
    APN
    304-09-010K
    APU
    30409010K

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2020 — Vvah LLC — Deed · related $1.1M · Midfirst Bank
    Jan 17, 2017 — Vvah LLC — Deed · related $1.2M · Western State Bank
    May 18, 2000 — Vvah LLC Val Vista Animal Hospital LLC Quit Claim Deed · related $1M · Cit Small Business Lending Co
    Sep 9, 1999 — Val Vista Animal Hospital LLC Innes,zondra Quit Claim Deed · related $142k · Union Bank Of Arizona NA
    Sep 9, 1999 $142,000 Innes,zondra Z M R INC Trustees Deed —
    — — Vvah LLC — Deed Of Trust · related $56k · Bank Of America
    — — Vvah LLC — Deed Of Trust · related $670k · Bank Of America
    — — Vvah LLC — Deed Of Trust · related $470k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,741,000
      Market price range: $780k - $2.08M
      AI Estimate
      $1,741,000
      Market price range: $780k - $2.08M

    • Alternative Use

      Use
      Estimation
      VETERINARY, ANIMAL HOSPITAL
      $1,350,000
      Current use
      RESTAURANT
      $2,805,000
      Change: +108% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,270,000
      Change: +68% Conversion: Difficult
      RETAIL STORES
      $1,875,000
      Change: +39% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,860,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $1,305,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $1,110,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.755
    Latitude
    33.3638
    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
    $16,985
    $0.00
    $0.00
    $230,064
    -
    $547,400
    $846,929
    $1,394,329

    Comparable in this City

    • Value Estimation
      $11,495,000
      3,600 SF

      20 Page Ave

      CHARITABLE ORGANIZATION
      20 Page Ave, Gilbert, AZ 85234-5724
      View Details
    • Value Estimation by Request
      41,298 SF

      1141 Guadalupe Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1141 Guadalupe Rd, Gilbert, AZ 85234-4701
      View Details
    • Value Estimation
      $8,780,000
      2,750 SF

      206 Gilbert Rd

      CHARITABLE ORGANIZATION
      206 Gilbert Rd, Gilbert, AZ 85234-5702
      View Details
    • Value Estimation
      $2,510,000
      6,156 SF

      3045 Baseline Rd

      VETERINARY, ANIMAL HOSPITAL
      3045 Baseline Rd, Gilbert, AZ 85234-2521
      View Details
    • Value Estimation
      $5,925,000
      300 SF

      1045 Juniper Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1045 Juniper Ave, Gilbert, AZ 85234
      View Details
    • Value Estimation by Request
      14,648 SF

      321 Elliot Rd

      KENNEL
      321 Elliot Rd, Gilbert, AZ 85234-6704
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Condos with Yards

      Industrial condos with yards for lease in Gilbert, Arizona.
      3380 S Power Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      10,414 SF

      Daycare Facility For Sale

      10,414 SqFt daycare facility available for owner-user.
      1652 E Elliot Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      45,019 SF

      Retail Project in Gilbert, Arizona

      Fully leased retail project near Downtown Gilbert with quality tenants.
      868 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      2,141 SF

      Retail Property in Gilbert, Arizona

      Retail property available for sale in Gilbert, Arizona.
      4915 E Baseline Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing

      Mesa Land Parcel For Sale

      Land parcel available in Mesa, Arizona.
      6163 E Baseline Rd, Mesa, AZ 85234
      View Details
    • $2,475,000
      6,712 SF

      Gilbert Automotive and Retail Property

      6,712 SF property suitable for auto shops and retail.
      3335 E Baseline Rd, Gilbert, AZ 85234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,698 SF

      Commercial Space Available for Rent

      2698 sqft commercial space suitable for specialty businesses.
      875 N Greenfield Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease at Elliot Road & Loop 202.
      Elliot Rd & Loop 202 – Cor Northwest, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      2,897 SF

      Day Care Space in Gilbert

      Fully built-out day care space near downtown Gilbert.
      855-865 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • $26 SF/Yr

      Class A Gilbert Business Park

      Class A office complex in high-growth Gilbert, close to US-60.
      963 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      4,500 SF

      Heritage District Retail Opportunity

      Prime retail space in Gilbert's historic Heritage District.
      141 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Banner Hospital

      Retail space near Loop 202 and Banner Gateway Hospital.
      5137 E Baseline Rd, Gilbert, AZ 85234
      View Details

    Property Visit Statistics

    • Visits by month
      22.2k
    • Visitors by month
      16.0k
    • Avg Time on site
      5 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    747 Val Vis Dr, Unit 110
    Gilbert, AZ 85234-8169
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    747 Val Vis Dr, Gilbert, AZ, 85234
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!