Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,205,000
Grocery and convenience stores
777 Ray Rd Gilbert, AZ 85233-8444
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-3223721
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Construction
STEEL FRAME
Total area
2,044 SF
Lot
1 ac (43,560 SF)
Zoning code
SC
APN
302-83-950
UPID
US07-3223721
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
-
Francis & Sons Gas Station Car Wash
-
Fuel Bros Gas Station
-
Bitcoin of America ATM Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.21M
Owner & transaction history
Lanwin 120 Windsor · 3 yrs held
Lanwin 120 Windsor
since 2023
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Shopping Center zoning district permits a group of medium to large retail, offices and other commercial establishments that are planned, developed, and managed as a single property. Site features, amenities and on site parking are typically shared.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
884.59 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
$5.21M
Range $4.68M – $5.73M · ±10% · vs last sale $5.80M (Aug 11 2023)
Last sale anchor
$5.80M
Aug 11 2023
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
$2,546 / 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
$15,528
Tax year 2023
Assessed value
$283,891
Assessed 2024
Previous assessed
$248,370
+14.3% YoY
Effective rate
5.47%
On assessed value
Land market value
$1,385,200
Improvement market value
$335,353
Total market value
$1,720,553
Applied tax rate
800,600.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
2,044 SF
Lot
1 ac (43,560 SF)
Zoning code
SC
APN
302-83-950
UPID
US07-3223721
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Gilbert, AZZoning SC · permitted uses
SC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Shopping Center zoning district permits a group of medium to large retail, offices and other commercial establishments that are planned, developed, and managed as a single property. Site features, amenities and on site parking are typically shared.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
884.59 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Lanwin 120 Windsor
Individual
Mailing address
1 N BROADWAY STE 300A, DENVER, CO 80203-5929
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$5,800,000
Lanwin 120 Windsor
Kb Gilbert Propco 777 LLC
Warranty Deed
$3,548,223 · Arizona FCU
May 15, 2023
$4,327,545
Gilbert 777 Propco LLC
Lv Petroleum LLC LLC
Warranty Deed
$3,800,000 · West Bay Capital LLC
Apr 17, 2023
$2,300,000
Lv Petroleum LLC
Punjab LLC
Warranty Deed
$5,995,000 · Unified Aircraft Services INC
Sep 1, 2021
—
Punjab LLC
—
Deed
related
$1,000,000 · Midfirst Bank
Mar 17, 2014
$925,000
Punjab LLC
Pmh Friends Gas LLC
Special Warranty Deed
$756,000 · Celtic Bank Corporation
Aug 22, 2011
$870,000
Pmh Friends Gas LLC
Francis & Sons II LLC
Grant Deed
$670,000 · Francis & Sons II LLC
Apr 22, 2011
—
Francis & Sons II LLC
F & S Management I LLC
Warranty Deed
—
May 15, 2009
—
F & S Management I LLC
Francis & Sons II LLC
Warranty Deed
—
Dec 31, 2007
$1,700,000
Francis & Sons II LLC
Acc Retail Associates LLC
Grant Deed
—
Jul 20, 2006
$6,200,000
Abs Sw Owner LLC
Albertsons LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
—
—
F & S Management I LLC
—
Deed Of Trust
related
$300,000 · Biltmore Bank Of Arizona
—
—
Francis & Sons II LLC
—
Deed Of Trust
related
—
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?”
You own 777 Ray Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
