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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Banks
900 Gilbert Rd Gilbert, AZ 85296-3434
Entity Owned
~
Est. High Equity
Property ID
US07-1176523
Property summary
AI-generated overview
This exceptional 4,612 square foot retail property, located at 900 S Gilbert Rd in Gilbert, Arizona, presents a unique investment opportunity. Built in 2003, this former bank branch boasts a highly desirable drive-thru feature, a significant advantage for numerous retail businesses. The property sits on a spacious 1.508-acre lot, providing ample space for expansion or additional development. The permitted zoning is SC, offering flexibility for a variety of uses. The property's APN is 302-82-979. Situated in an excellent Gilbert submarket, this location benefits from high surrounding demographics and significant traffic counts, ensuring strong visibility and potential customer reach. The property is available for lease, build-to-suit options, or a ground lease, providing adaptable solutions for prospective tenants. This is an exceptional opportunity to establish a thriving business in a prime Gilbert location with existing infrastructure and high-traffic exposure. The property's size and features make it suitable for a wide range of retail concepts. Consider the potential of this well-located, versatile space to meet your business needs.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2003
Construction
CONCRETE
Total area
4,465 SF
Lot
1.51 ac (65,758 SF)
Zoning code
C-C
APN
302-82-979
UPID
US07-1176523
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
-
Bank of America (with Drive-thru ATM) Bank Loan Service
-
Mortgage, Bank of America Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
1129 Irene Steven LLC
1129 Irene Steven LLC
since 2026
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
C-C · Gilbert, AZ
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
$1,570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,605,000
Current use
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.75M (Dec 14 2023)
Last sale anchor
$1.75M
Dec 14 2023
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
$378 / 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
$36,917
Tax year 2023
Assessed value
$594,260
Assessed 2024
Previous assessed
$522,325
+13.8% YoY
Effective rate
6.21%
On assessed value
Land market value
$1,875,600
Improvement market value
$1,725,974
Total market value
$3,601,574
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,465 SF
Lot
1.51 ac (65,758 SF)
Zoning code
C-C
APN
302-82-979
UPID
US07-1176523
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Gilbert, AZZoning C-C · permitted uses
C-C · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 8)
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$2.6M
FINANCIAL BUILDING Current
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
1129 Irene Steven LLC
Entity
Mailing address
17500 S 40TH STE, CHANDLER, AZ 85226-2572
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2026
$2,000,000
1129 Irene Steven LLC
Gw Boa LLC
Special Warranty Deed
$2,200,000 · Bell Bank
Dec 14, 2023
$1,750,000
Gw Boa LLC
Bank Of America National Associatio
Special Warranty Deed
—
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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