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Property profile & analytics
OFF-MARKET
Estimated value
$4,045,000
Strip malls
855 Gilbert Rd Gilbert, AZ 85234-3309
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0552071
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
CONCRETE
Total area
7,200 SF
Lot
6.4 ac (278,891 SF)
Zoning code
SC
APN
304-10-989A
UPID
US07-0552071
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
-
Physiq Fitness Gym & Fitness Center
-
Power MMA & Fitness Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$4.05M
Owner & transaction history
Gilbert Crossing 18 LP · 7 yrs held
Gilbert Crossing 18 LP
since 2019
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
Commercial (general)
$5.8M
+120.5%
Restaurant
$4.0M
+50.9%
Auto repair, garage
$3.2M
+22.0%
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
$2,620,000
Current use
COMMERCIAL (GENERAL)
$5,780,000
Change: +121% · Conversion: Easy
RESTAURANT
$3,955,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,195,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$2,645,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$4.05M
Range $3.64M – $4.45M · ±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
$562 / 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
$95,023
Tax year 2023
Assessed value
$1,818,360
Assessed 2024
Previous assessed
$1,537,107
+18.3% YoY
Effective rate
5.23%
On assessed value
Land market value
$3,131,700
Improvement market value
$8,247,275
Total market value
$11,378,975
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
7,200 SF
Lot
6.4 ac (278,891 SF)
Zoning code
SC
APN
304-10-989A
UPID
US07-0552071
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
$2.6M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RESTAURANT
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
6.4 ac
Current owner
From public records · entity-resolved
Gilbert Crossing 18 LP
Entity
Mailing address
720 3RD SASKATOON ST E XX
Ownership since
2019
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 17, 2019
$11,000,000
Gilbert Crossing 18 LP
Tpp 28 Gilbert LLC
Special Warranty Deed
$8,050,000 · Citi Real Estate Funding INC
Apr 21, 2015
—
Tpp 28 Gilbert LLC
Tpp 22 Phoenix LLC
Quit Claim Deed
related
—
Apr 5, 2012
—
Tpp 22 Phoenix LLC
—
Deed Of Trust
related
$22,750,000 · Wells Fargo Bk Nw NA
Jan 21, 2011
$4,500,000
Jp Morgan Chase Co 2002-cibc5
Ghidotti,michelle
Trustees Deed
related
—
Nov 7, 2005
—
Liontas James A 1982 Trust
Liontas James A Trust
Quit Claim Deed
related
—
Jul 15, 2005
$1,561,525
Liontas,james A Trust
J & J Ventures Of Texas LLC
Grant Deed
—
Jul 15, 2005
$1,795,754
Nal Real Estate LLC
J & J Ventures Of Texas LLC
Grant Deed
—
Aug 9, 2002
$166,540
Merrill R Jacobson
Diamante-gilbert Crossing LLC
Grant Deed
—
Aug 9, 2002
$546,110
Vincent Hamm
Diamante-gilbert Crossing LLC
Grant Deed
—
Aug 9, 2002
$333,090
Tim E Rickert
Diamante-gilbert Crossing LLC
Grant Deed
—
Aug 9, 2002
$832,710
Gary Schnell
Diamante-gilbert Crossing LLC
Grant Deed
—
Aug 9, 2002
$3,164,320
J & J Ventures LLC
Diamante-gilbert Crossing LLC
Grant Deed
—
Aug 9, 2002
$1,669,440
Rosenberg Interests LLC
Diamante-gilbert Crossing LLC
Grant Deed
—
Aug 9, 2002
$630,310
Ronald L Brown
Diamante-gilbert Crossing LLC
Grant Deed
—
Aug 9, 2002
$10,000,000
Diamante-gilbert Crossing LLC
Gilbert Sunset LLC
Grant Deed
related
$7,850,000 · Canadian Imperial Bank Commerc
—
—
Tpp 22 Phoenix LLC
—
Loan Modification
related
$22,750,000 · Wells Fargo Bk
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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