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Property profile & analytics
OFF-MARKET
Estimated value
$12,580,000
Banks
888 Greenfield Rd Gilbert, AZ 85296-4010
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1105452
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2008
Construction
CONCRETE
Total area
3,520 SF
Lot
3.47 ac (151,338 SF)
Zoning code
CC
APN
304-26-878
UPID
US07-1105452
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
-
Health First Medical Center Medical Clinic
-
Dr. Brenden Mcrae, MD Pediatrician Physician
-
Warner Greenfield Square Shopping Center & Mall
-
Ashley Cardwell Physician
-
Mrs. Jennifer Ebertshauser Physician
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
Zoning description
The purpose of Community Commercial zoning is to allow the integration of less intense small to medium scale businesses within proximity of neighborhoods. The uses permitted within CC are limited in size and scale and are primarily focused on workforce and neighborhood service needs.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
458.78 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
$12,440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
$3,574 / 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
$37,161
Tax year 2023
Assessed value
$892,750
Assessed 2024
Previous assessed
$803,083
+11.2% YoY
Effective rate
4.16%
On assessed value
Land market value
$2,017,900
Improvement market value
$3,732,500
Total market value
$5,750,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
3,520 SF
Lot
3.47 ac (151,338 SF)
Zoning code
CC
APN
304-26-878
UPID
US07-1105452
Jurisdiction
MARICOPA
Zoning & alternative use
CC · Gilbert, AZZoning CC · permitted uses
CC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of Community Commercial zoning is to allow the integration of less intense small to medium scale businesses within proximity of neighborhoods. The uses permitted within CC are limited in size and scale and are primarily focused on workforce and neighborhood service needs.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
458.78 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.47 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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