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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Strip malls
835 Warner Rd Gilbert, AZ 85233-7269
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-2937896
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Construction
CONCRETE
Total area
15,696 SF
Lot
1.4 ac (61,163 SF)
Zoning code
SC
APN
302-37-995A
UPID
US07-2937896
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
-
Mc Hardy Inc General Contractor Construction Company
-
The UPS Store Courier Service Postal Service
-
Tide Cleaners (Bike/Boat/Book/etc) Store
-
T & T Pro HVAC Installation & Care HVAC Service General Contractor
-
J and J Sober Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$3.48M
Owner & transaction history
Frys Rolling Green LLC · 10 yrs held
Frys Rolling Green LLC
since 2015
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
Top alternative use upside
Retail stores
$5.8M
+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
by Request
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
$5,710,000
Current use
RETAIL STORES
$5,760,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±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
$222 / 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
$24,878
Tax year 2023
Assessed value
$344,702
Assessed 2024
Previous assessed
$299,591
+15.1% YoY
Effective rate
7.22%
On assessed value
Land market value
$952,200
Improvement market value
$1,136,900
Total market value
$2,089,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
15,696 SF
Lot
1.4 ac (61,163 SF)
Zoning code
SC
APN
302-37-995A
UPID
US07-2937896
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.7M
RETAIL STORES
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1995
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Frys Rolling Green LLC
Entity
Mailing address
1400 ROCKY RDG DR STE #150, ROSEVILLE, CA 95661-2828
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2015
—
Frys Rolling Green LLC
Frys Investors LLC
Quit Claim Deed
$3,500,000 · Bank Of Ny Mellon
Apr 1, 2008
$6,250
Frys Investors LLC
Gilbert Investors LLC
Grant Deed
—
Feb 18, 2000
$2,600,000
Gilbert Investors LLC
Pacific Capital Investments
Trustees Deed
$2,080,000 · Archon Financial LP
Feb 18, 2000
$1,850,000
Pacific Capital Investments
Carlson Real Estate Co
Trustees Deed
related
—
Aug 21, 1995
$400,000
Arch L P Golden
Dillon Real Estate Co INC
Grant Deed
—
Jul 6, 1995
—
Jerry A Lee
Jerry A & Christina A Lee
Quit Claim Deed
related
—
Jun 6, 1995
$411,280
Jerry A Lee
Dillon Real Estate Co INC
Grant Deed
$2,267,930 · Seller
Feb 21, 1991
$330,000
Real Esta Dillon
Centerwest Partn
Grant Deed
—
Dec 31, 1987
—
Centerwest Partn
—
Deed Of Trust
related
—
Jul 31, 1987
—
Centerwest Partn
—
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.
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