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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Specialty properties
82 Ray Rd Gilbert, AZ 85233-8537
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1148400
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2008
Construction
CONCRETE
Total area
10,842 SF
Lot
1.65 ac (72,021 SF)
Zoning code
CC
APN
310-11-862
UPID
US07-1148400
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
-
AquaSafe Swim School Swimming Instructor Swimming School
-
Hertz - Lyft Gilbert Freight Service Logistics Company
-
SafeSplash Swim School - Gilbert Swimming School
-
Thrifty Car Rental - Gilbert Ray Road Thrifty TLE Car Rental Facility
-
Hertz Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Gate Investments LLC · 4 yrs held
Gate Investments LLC
since 2021
Last sale
$2.5M
2 recorded transactions
Zoning & alternative use
CC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,085,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.51M (Oct 22 2021)
Last sale anchor
$2.51M
Oct 22 2021
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
$219 / 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
$33,476
Tax year 2023
Assessed value
$611,609
Assessed 2024
Previous assessed
$536,996
+13.9% YoY
Effective rate
5.47%
On assessed value
Land market value
$1,009,800
Improvement market value
$2,696,923
Total market value
$3,706,723
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,842 SF
Lot
1.65 ac (72,021 SF)
Zoning code
CC
APN
310-11-862
UPID
US07-1148400
Jurisdiction
MARICOPA
Zoning & alternative use
CC · Gilbert, AZ
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Gate Investments LLC
Entity
Mailing address
3351 VENADO ST, CARLSBAD, CA 92009-7850
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$2,514,000
Gate Investments LLC
Spivey Real Estate LLC
Special Warranty Deed
—
Dec 4, 2020
—
Spivey Real Estate LLC
—
Deed
related
$1,401,056 · Arizona Bank & Trust
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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