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Property profile & analytics
OFF-MARKET
Estimated value
$12,580,000
Individual retail properties
858 Greenfield Rd Gilbert, AZ 85296-4005
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1149832
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2008
Construction
CONCRETE
Total area
19,571 SF
Lot
2.47 ac (107,378 SF)
Zoning code
CC
APN
304-26-877
UPID
US07-1149832
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
-
Planet Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.58M
Owner & transaction history
Warner Greenfield Holdings LLC · 3 yrs held
Warner Greenfield Holdings LLC
since 2022
Last sale
$12.7M
7 recorded transactions
Zoning & alternative use
CC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.7M
+194.6%
Restaurant
$10.8M
+101.6%
Auto repair, garage
$8.7M
+63.0%
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
$12,440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,705,000
Change: +195% · Conversion: Difficult
RESTAURANT
$10,750,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,690,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$12.58M
Range $11.32M – $13.84M · ±10% · vs last sale $12.65M (Aug 4 2022)
Last sale anchor
$12.65M
Aug 4 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
$643 / 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
$55,481
Tax year 2023
Assessed value
$887,106
Assessed 2024
Previous assessed
$792,523
+11.9% YoY
Effective rate
6.25%
On assessed value
Land market value
$1,431,700
Improvement market value
$3,944,700
Total market value
$5,376,400
Applied tax rate
410,609.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
19,571 SF
Lot
2.47 ac (107,378 SF)
Zoning code
CC
APN
304-26-877
UPID
US07-1149832
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$15.7M
RESTAURANT
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$8.7M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
Warner Greenfield Holdings LLC
Entity
Mailing address
12867 SW PARKDALE AVE, TIGARD, OR 97223-5759
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
$12,650,000
Warner Greenfield Holdings LLC
Warner Greenfield LLC
Special Warranty Deed
$6,325,000 · Ameritas Life Insurance Corp
May 26, 2021
—
Warner Greenfield LLC
—
Deed
related
$7,500,000 · First Technology Federal Cu
Feb 28, 2020
—
Warner Greenfield LLC
—
Deed
related
$9,900,000 · Umpqua Bk
Aug 29, 2019
—
Warner Greenfield LLC
—
Deed
related
$250,000 · Umpqua Bk
Mar 8, 2019
—
Warner Greenfield LLC
—
Loan Modification
related
$9,900,000 · Umpqua Bk
Mar 27, 2018
—
Warner Greenfield LLC
—
Loan Modification
related
$9,900,000 · Umpqua Bk
Nov 5, 2009
—
Warner Greenfield LLC
—
Deed Of Trust
related
$9,900,000 · Intervest Mortgage Co LLC
May 20, 2008
—
Warner Greenfield LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Warner Greenfield LLC
—
Loan Modification
related
$250,000 · Umpqua Bk
—
—
Warner Greenfield LLC
—
Loan Modification
related
$9,900,000 · Umpqua 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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