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Property profile & analytics
OFF-MARKET
Strip malls
891 Warner Rd Gilbert, AZ 85296-2965
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1830749
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
CONCRETE
Total area
5,100 SF
Lot
0.91 ac (39,517 SF)
Zoning code
SC
APN
304-25-919
UPID
US07-1830749
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
-
Hannah E. Parry, PT Physician
-
Summit Physical Therapy AZ Medical Clinic
-
Arizona Health And Fitness Community Gym Gym & Fitness Center
-
Colibre Solutions LLC Business Management Consultant
-
Hannah Frost 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
by Request
Owner & transaction history
Steel Ptshp Warner Lindsay · 6 yrs held
Steel Ptshp Warner Lindsay
since 2020
Last sale
$4.9M
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,960
Tax year 2023
Assessed value
$167,261
Assessed 2024
Previous assessed
$145,316
+15.1% YoY
Effective rate
7.15%
On assessed value
Land market value
$412,100
Improvement market value
$601,600
Total market value
$1,013,700
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,100 SF
Lot
0.91 ac (39,517 SF)
Zoning code
SC
APN
304-25-919
UPID
US07-1830749
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Steel Ptshp Warner Lindsay
Individual
Mailing address
965 E UNIVERSITY DR, TEMPE, AZ 85288-4205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
—
Steel Partnership Warner Lindsay Ll
—
Deed
related
$2,655,000 · Commerce Bank Of Arizona
May 28, 2020
$3,750,000
Steel Ptshp Warner Lindsay
Azre Fund I LLC
Grant Deed
$2,625,000 · Azre Fund 1 LLC
Nov 28, 2012
$2,200,000
Azre Fund I LLC
Western Regional Foreclos
Trustees Deed
related
—
Apr 22, 2005
$5,550,000
Mf Vukelich Co
Warner Property LLC
Grant Deed
$3,450,000 · Ge Capital Assurance Co
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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