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Property profile & analytics
OFF-MARKET
Industrial land
988 182nd Pl Gilbert, AZ 85296-0032
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0552135
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.8 ac (34,717 SF)
Zoning code
I-1
APN
304-29-038
UPID
US07-0552135
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
-
redbox+ Dumpsters of Phoenix Southeast Valley General Contractor Waste Management Facility
-
Executive Towing Auto Repair Shop
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
Az2cal Enterprises LLC · 5 yrs held
Az2cal Enterprises LLC
since 2021
Last sale
$335,000
7 recorded transactions
Zoning & alternative use
I-1 · 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
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
$1,835
Tax year 2023
Assessed value
$57,330
Assessed 2024
Previous assessed
$48,585
+18.0% YoY
Effective rate
3.20%
On assessed value
Land market value
$382,200
Total market value
$382,200
Applied tax rate
600,605.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.8 ac (34,717 SF)
Zoning code
I-1
APN
304-29-038
UPID
US07-0552135
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Gilbert, AZZoning I-1 · permitted uses
I-1 · 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)
Building & site characteristics
From public records
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
Az2cal Enterprises LLC
Entity
Mailing address
1026 HOMETOWN WAY, PLEASANTON, CA 94566-8055
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$335,000
Az2cal Enterprises LLC
Gilbert Property Management LLC
Warranty Deed
$1,418,100 · Celtic Bank Corporation
Mar 17, 2014
—
Gilbert Property Mgmt LLC
Zoned Properties INC
Grant Deed
related
—
Jan 31, 2014
$300,000
Zoned Properties INC
Ortega,joel
Warranty Deed
—
Jan 8, 2013
$120,000
Joel Ortega
J Fred & Karen M Bart D
Warranty Deed
$100,000 · J Fred & Karen M Barton D (ct)
Sep 22, 2008
$151,406
J Fred
Pch Holdings
Warranty Deed
—
Dec 18, 2007
—
Pch Holdings INC
Pch Holdings INC
Quit Claim Deed
related
—
May 20, 2005
$90,000
Pch Holdings INC
Barton,michael W & Claudette J
Warranty Deed
—
Feb 24, 2003
$85,000
Michael W Barton
Binghmam,justin L & Denise
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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