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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Grocery and convenience stores
805 Mcqueen Rd Gilbert, AZ 85233-2278
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0099431
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Construction
STEEL FRAME
Total area
3,340 SF
Lot
1.08 ac (46,925 SF)
Zoning code
GC
APN
302-12-093
UPID
US07-0099431
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
-
Shell Gas Station
-
Amazon Hub Locker - Fluvia Courier Service Postal Service
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
-
Coopers Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Runway Express LLC · 6 yrs held
Runway Express LLC
since 2020
Last sale
$1.1M
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
Top alternative use upside
Auto repair, garage
$1.5M
+22.0%
Retail stores
$1.2M
+0.9%
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
$1,335,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,215,000
Current use
AUTO REPAIR, GARAGE
$1,485,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.10M (Apr 2 2020)
Last sale anchor
$1.10M
Apr 2 2020
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
$400 / 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
$16,844
Tax year 2023
Assessed value
$240,737
Assessed 2024
Previous assessed
$210,426
+14.4% YoY
Effective rate
7.00%
On assessed value
Land market value
$988,100
Improvement market value
$470,912
Total market value
$1,459,012
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
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Units
2
Total area
3,340 SF
Lot
1.08 ac (46,925 SF)
Zoning code
GC
APN
302-12-093
UPID
US07-0099431
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1999
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Units
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Runway Express LLC
Entity
Mailing address
4731 PORTO PINO WAY, ANTELOPE, CA 95843-5644
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2020
—
Runway Express LLC
—
Deed
related
$30,000 · Nk Petroleum II LLC
Apr 2, 2020
$1,100,000
Runway Express LLC
Nk Petroleum II LLC
Warranty Deed
—
Sep 18, 2015
$700,000
Nk Petroleum II LLC
Ak Int LLC
Special Warranty Deed
$659,000 · Metro Phoenix Bank
Jun 21, 2011
$530,000
Ak Int LLC
Western Natl Bk
Warranty Deed
—
Nov 10, 2005
$1,440,000
Express Gas & Food Mart LLC
Girn & Dosanjh Investment Corp
Warranty Deed
$725,000 · Western National Bank
Jun 22, 2001
$1,400,000
Girn & Dosanjh Investment Corp
Heller First Capital
Grant Deed
related
$980,000 · Sunrise Bank Arizona
Feb 8, 2001
$1,400,000
Heller First Capital
Draughon,david B & Bonnie S
Trustees Deed
related
—
Dec 31, 1998
—
David B Draughon
—
Grant Deed
related
$2,070,000 · Heller First Capital
Oct 2, 1998
—
David Draughon
Ditta LLC
Grant Deed
related
$690,000 · Heller Small Business Lending
Dec 19, 1995
—
L P Ditta
Stapley-cardon Co
Quit Claim Deed
related
—
Dec 19, 1995
$250,000
Trejo Investments
Ditta L P
Trustees Deed
related
—
Feb 4, 1993
$85,000
L P Ditta
Arno Ptp
Grant Deed
related
—
—
—
Girn & Dosanjh Investment Corp
—
Deed Of Trust
related
$112,500 · Sunrise Bank Arizona
—
—
Texaco Food Mart
—
Deed Of Trust
related
—
—
—
Runway Express LLC
—
Deed Of Trust
related
$30,000 · Nk Petroleum II LLC
—
—
Girn Investments
—
Deed Of Trust
related
$112,500 · Sunrise Bank 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.
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