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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    845 El Dorado Dr Gilbert, AZ 85233-2902

    • Assisted living facilities
    • 38,052 SF
    • 2.64 lot acres
    OFF-MARKET
    Last Sale
    Jan 28, 2020
    $3,592,680
    Value Estimations
    $4,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0937066
    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.

    Current Use by Public Records

    • Emeritus at Gilbert / Assisted Living Facility
    • Brookdale North Gilbert / Assisted Living Facility / Home Health Care Service

    Property Details for 845 El Dorado Dr

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    2.64 lot acres
    Property size
    38,052 SF
    Zone code
    C-C
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    302-09-498
    APU
    30209498

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,069,000
      Market price range: $5.58M - $12.5M
      AI Estimate
      $6,021,000
      Market price range: $5.52M - $12.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.826
    Latitude
    33.366
    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
    $33,701
    $0.00
    $0.00
    $549,896
    -
    $833,300
    $4,665,661
    $5,498,961

    Comparable in this City

    • Value Estimation by Request
      2,414 SF

      409 Tiago Dr

      HOMES (RETIRED, NURSING) • 2,414 SF
      409 Tiago Dr, Gilbert, AZ 85233-6737
      View Details
    • Value Estimation by Request
      2,835 SF

      437 Merrill Ave

      HOMES (RETIRED, NURSING) • 2,835 SF
      437 Merrill Ave, Gilbert, AZ 85233-2011
      View Details
    • Value Estimation by Request
      29,791 SF

      1425 Elliot Rd Ste, Unit 201

      MEDICAL BUILDING • 29,791 SF
      1425 Elliot Rd Ste, Gilbert, AZ 85233-5142
      View Details
    • Value Estimation by Request
      33,070 SF

      Cor Of Guadalupe Rd And Mcqueen Rd

      Medical offices • 33,070 SF
      0 Cor Of Guadalupe Rd And Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • Value Estimation by Request
      8,200 SF

      1467 Elliot Rd Ste, Unit 104

      MEDICAL BUILDING • 8,200 SF
      1467 Elliot Rd Ste, Gilbert, AZ 85233-5167
      View Details
    • Value Estimation
      $1,105,000
      8,200 SF

      1467 Elliot Rd Ste, Unit 101

      MEDICAL BUILDING • 8,200 SF
      1467 Elliot Rd Ste, Gilbert, AZ 85233-5167
      View Details

    Similar Nearby for Sale

    • $1,250,000
      3,400 SF

      Office Suites in Gilbert, Arizona

      Two office suites, one vacant, one occupied, built in 2005.
      1425 W Elliot Rd, Gilbert, AZ 85233
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    • Contact for pricing

      8.38 Acres Land Available

      Land available for sale or ground lease in Gilbert, Arizona.
      15225 E Riggs Rd, Gilbert, AZ 85233
      View Details
    • $650,000
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      Improved Lot in Business Park

      50,529 SF lot in Gilbert business park for sale.
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    • $975,000
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      Gilbert Auto Shop Investment

      High-yield NNN lease, strong tenant.
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    • $355,000

      Upgraded Condo Near Downtown Gilbert

      Upgraded condo with two primary suites and community amenities.
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    • $7,828,075
      27,467 SF

      Industrial Space in Gilbert, Arizona

      Industrial property available for sale in Gilbert, Arizona.
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    Similar Nearby for Lease

    • $4 SF/Yr
      5,442 SF

      Gilbert Office Space for Lease

      Flexible Workspaces in Prime Location
      890 Elliot Rd, Gilbert, AZ 85233
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    • $24 SF/Yr
      6,780 SF

      Fiesta Ranch Medical Office Space

      Upscale Gilbert medical office, 2700 sq ft available.
      1520 Guadalupe Rd, Gilbert, AZ 85233
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    • $28 SF/Yr
      35,142 SF

      Gilbert Medical Office Space

      Prime Gilbert location, 2,200 sq ft available
      201 Guadalupe Rd, Gilbert, AZ 85233
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    • $19 SF/Yr
      5,400 SF

      Gilbert Office Space - 1659 SF

      Prime Gilbert office, ample parking, natural light.
      2325 Guadalupe Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      1,658 SF

      Retail Space in Gilbert, Arizona

      Retail space for lease in a desirable Gilbert neighborhood.
      1561 N Cooper Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      1,080 SF

      Retail Space Available For Rent

      End cap retail space available in Gilbert, Arizona.
      876 N Mcqueen Rd, Gilbert, AZ 85233
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      1.7k
    • Avg Time on site
      17 min
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    845 El Dorado Dr
    Gilbert, AZ 85233-2902
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    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
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