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Property profile & analytics
OFF-MARKET
Estimated value
$4,915,000
Grocery and convenience stores
8454 Power Rd Gilbert, AZ 85297-8027
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0406699
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Construction
CONCRETE
Total area
55,963 SF
Lot
5.72 ac (249,204 SF)
Zoning code
SC
APN
313-01-974
UPID
US07-0406699
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
-
higi Physician
-
Ashwin Waghray Pharmacy
-
Shoppers Supply Pet Store & Service
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Discount Tire Repair Parts General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.50M
Comparable Approach
Comparable
$10.37M
Blend (final)
Blend
$4.92M
Owner & transaction history
Spike Schmidty LLC · 4 yrs held
Spike Schmidty LLC
since 2022
Last sale
$5.0M
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
$4,915,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,290,000
6.5%
$9,500,000
7%
$8,820,000
Blend value · Realmo final
$4.92M
Range $4.42M – $5.41M · ±10% · vs last sale $5.00M (Apr 20 2022)
Last sale anchor
$5.00M
Apr 20 2022
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
$88 / 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
$124,223
Tax year 2023
Assessed value
$1,405,701
Assessed 2024
Previous assessed
$1,220,158
+15.2% YoY
Effective rate
8.84%
On assessed value
Land market value
$2,564,400
Improvement market value
$5,955,000
Total market value
$8,519,400
Applied tax rate
600,602.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
55,963 SF
Lot
5.72 ac (249,204 SF)
Zoning code
SC
APN
313-01-974
UPID
US07-0406699
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.72 ac
Current owner
From public records · entity-resolved
Spike Schmidty LLC
Entity
Mailing address
2577 W QUEEN CRK RD STE #111, CHANDLER, AZ 85248-0913
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$5,000,000
Spike Schmidty LLC
Abs Sw Investor LLC
Special Warranty Deed
$4,000,000 · Community State Bank
Feb 8, 2018
—
Abs Sw Investor LLC
—
Loan Modification
related
—
Jul 9, 2014
—
Abs Sw Investor LLC
—
Loan Modification
related
$1,450,000,000 · Citibank NA
Jun 30, 2006
$7,980,000
Abs Sw Investor LLC
Adsi Abs LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
—
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
—
—
Abs Sw Investor LLC
—
Deed Of Trust
related
—
—
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$1,150,000,000 · Citicorp Svgs/fl
—
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
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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