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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Flex space
955 Fiesta Blvd, Gilbert, AZ 85233-2807
Entity Owned
~
Est. High Equity
Property ID
US07-1009619
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1988
Construction
CONCRETE
Total area
12,832 SF
Lot
7.36 ac (320,819 SF)
Zoning code
LI
APN
302-09-006H
UPID
US07-1009619
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
-
SCP Distributors LLC (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
BRP Warehouse Warehouse & Storage
-
BRP Distribution Center Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.06M
Owner & transaction history
Bam Elite LLC
Bam Elite LLC
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
LI · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+139.1%
Neighborhood: shopping center
$4.7M
+137.0%
Medical building
$3.3M
+66.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,970,000
Current use
RETAIL STORES
$4,710,000
Change: +139% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,670,000
Change: +137% · Conversion: Difficult
MEDICAL BUILDING
$3,280,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$2,855,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10% · vs last sale $3.59M (Jul 14 2025)
Last sale anchor
$3.59M
Jul 14 2025
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
$238 / 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
$96,402
Tax year 2023
Assessed value
$2,844,056
Assessed 2024
Previous assessed
$2,207,212
+28.9% YoY
Effective rate
3.39%
On assessed value
Land market value
$2,662,400
Improvement market value
$14,574,300
Total market value
$17,236,700
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
12,832 SF
Lot
7.36 ac (320,819 SF)
Zoning code
LI
APN
302-09-006H
UPID
US07-1009619
Jurisdiction
MARICOPA
Zoning & alternative use
LI · Gilbert, AZ
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
RETAIL STORES
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
7.36 ac
Current owner
From public records · entity-resolved
Bam Elite LLC
Entity
Mailing address
2390 E CAMELBACK RD STE #305, PHOENIX, AZ 85016-3451
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2025
$3,589,955
Bam Elite LLC
Vwp Fiesta South Owner LLC
Special Warranty Deed
$3,051,000 · Wells Fargo Bank NA
Feb 6, 2024
$20,210,494
Vwp Fiesta South Owner LLC
Lit Industrial Limited Partnership
Special Warranty Deed
$53,200,000 · Wsfb Lender IV L P
Sep 25, 2015
$80,000,000
Lit Industrial LP
Zimmerman,trust
Grant Deed
—
Jun 22, 2001
—
Zimmerman Trust
Zimmerman,myron
Quit Claim Deed
related
—
Oct 31, 1997
—
United State Postal Service
Biltmore Xi L L C
Grant Deed
related
—
Sep 23, 1997
$807,067
El Dorado Tech Jackson-shaw II
Biltmore L L C
Grant Deed
—
Feb 21, 1997
$872,557
Shaw El Dorado Tech 1 L Jackson
Biltmore L L C
Grant Deed
$4,125,000 · Guaranty Federal Bank Fsb
Aug 21, 1996
$1,198,608
Investors L L C Crpb
El Dorado Tech Center L C
Grant Deed
—
Aug 7, 1996
$4,261,474
Biltmore,holdings Xi L L C
El Dorado Tech Center L C
Trustees Deed
related
$3,300,000 · C S First Boston Mortgage Capi
Mar 21, 1996
—
Myron Zimmerman
Continental Center Assoc
Grant Deed
related
—
Apr 5, 1995
$725,012
Zimmerman,myron
El Doraco Tech Center L C
Trustees Deed
$543,759 · Seller
Apr 5, 1995
$1,000
Continental Tech Center Associat
El Dorado Tech Center L C
Trustees Deed
related
—
Dec 22, 1994
$727,736
Industrial Developments Internat
El Dorado Tech Center L C
Trustees Deed
—
Dec 22, 1994
$1,000
The Continental Tech Center Asso
El Dorado Tech Center L C
Trustees Deed
related
—
Dec 6, 1994
—
Intesys Technologies INC
El Dorado Tech Center
Grant Deed
related
—
Nov 14, 1994
$569,752
Intesys Technologies INC
El Dorado Tech Center L C
Trustees Deed
$20,750,000 · Seller
Nov 14, 1994
—
El Dorado Tech Center L C
Continental Tech Center
Grant Deed
related
—
Oct 7, 1994
$348,474
Gilbert,tech L L C
El Dorado Tech Center Lc
Trustees Deed
—
Oct 7, 1994
—
El Dorado Tech Center
Continental Tech Master
Trustees Deed
related
—
—
—
Tech L L C Gilbert
—
Deed Of Trust
related
$2,228,000 · Heritage Bank
—
—
Continental Tech Center Associat
—
Deed Of Trust
related
—
—
—
Investors L L C Crpb
—
Deed Of Trust
related
—
—
—
El Dorado Tech Center L C
—
Deed Of Trust
related
—
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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