892 Higley Rd Gilbert, AZ 85296-4769
Entity Owned
3-yr Hold
~
Est. High Equity
Estimated value (blended)
$30.28M
Range $27.25M – $33.31M (±10%)
Implied cap rate
4.10%
In-place · NOI ÷ last sale
Property ID
US07-1925466
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
CONCRETE
Total area
119,182 SF
Lot
4.75 ac (207,087 SF)
Zoning code
GC
APN
313-13-889
UPID
US07-1925466
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Storage Facility
-
Loan Service Bank
-
Atm
-
Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.82M
Comparable Approach
Comparable
$30.21M
Blend (final)
Blend
$30.28M
Owner & transaction history
since 2022
Last sale
$30.5M
4 recorded transactions
Zoning & alternative use
GC · Gilbert, AZ
Zoning description
General Commercial zoning district tends toward a mix of retail and office uses that are developed independently and may not be dependent on one another. There are a broad range of uses permitted within GC that often fun…
General category
COMMERCIAL
Top alternative use upside
Retail stores
$43.8M
+95.8%
Neighborhood: shopping center
$43.4M
+94.1%
Medical building
$30.5M
+36.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$30.28M
Value range
$27.25M – $33.31M
±10% around blend
Estimated value / SF
$254 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$27.25M
blend $30.28M
$33.31M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
119,182 SF
Lot area
4.75 ac
Year built
2018
Stories
2
APN
313-13-889
Assessed value
$4,064,643
Annual tax
$142,254
3
Income approach: direct capitalization
Partial preview
Income approach indication
$18.82M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$20.39M
@ 6.5% CAP return
$18.82M
@ 7% CAP return
$17.48M
4
Sales comparison
Partial preview
Sales approach indication
$20.37M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.6 mi away · 85,680 SF
21.3 mi away · 137,757 SF
22.0 mi away · 102,731 SF
26.9 mi away · 146,775 SF
27.0 mi away · 108,044 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$30.28M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 68 sales
$187
+36%
County 1139 sales
$205
+24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $254/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+96%
vs current-use indication
Neighborhood: Shopping Center
Medical Building
Warehouse, Storage · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
4.10%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.10%
9.0%
NOI (est.)
$2.14M *
Last sale · Aug 2022
$30.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$52.07M
Move the market yield to see immediate price impact.
Value / SF
$437
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.60%4.10%4.60%
$1.92M
$53.37M
$46.87M
$41.77M
$2.14M
$59.31M
$52.07M
$46.41M
$2.35M
$65.24M
$57.28M
$51.05M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$11.80M
6.8 mi · Nov 2025 · $133/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$142,254
Tax year 2023
Assessed value
$4,064,643
Assessed 2024
Previous assessed
$3,296,946
+23.3% YoY
Effective rate
3.50%
On assessed value
Land market value
$2,441,700
Improvement market value
$22,192,500
Total market value
$24,634,200
Applied tax rate
600,605.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
119,182 SF
Lot
4.75 ac (207,087 SF)
Zoning code
GC
APN
313-13-889
UPID
US07-1925466
Jurisdiction
MARICOPA
Zoning & alternative use
GC · Gilbert, AZZoning GC · permitted uses
GC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
General Commercial zoning district tends toward a mix of retail and office uses that are developed independently and may not be dependent on one another. There are a broad range of uses permitted within GC that often fun…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
4.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
GC
COMMERCIAL
Jurisdiction
Gilbert, AZ
Recorded code
GC
Official district
GC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Gilbert, AZ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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