Gilbert Flex Space with
For Sale
Contact for pricing
925 N McQueen Rd, Gilbert, AZ
High visibility flex space with showroom and warehouse.
Property Size3,205 SF
Lot Size0.47 Acres
Price / SF$329.36
Days on Market685
Property Features for 925 N McQueen Rd
General Information
Standard status
Active
Size
3,205 SF
Lot size
0.47 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Commercial Properties Inc
(602) 291-9400
Listed By:
Eric Jones · License #SA026157000
(602) 291-9400
Source:
Moodyscre
Added: Sep 27, 2024
Changed: Aug 8
Last Checked: Aug 8 at 12:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Properties Inc
Investment Insights
Based on property information with market context.
This flex space property, located in the Southeast Valley (Gilbert), offers high visibility and easy access. The property includes a showroom, warehouse space, and a roll-up door. The contiguous space available is up to approximately 11,738 square feet. The property size is 3,205 square feet.
Key Highlights
- High visibility flex space available
- Excellent Gilbert location in Southeast Valley
- Contiguous space up to +/- 11,738 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,362
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,240
$707.2K
Cap Rate 7%
$505,171
$505.2K
Cap Rate 9%
$392,911
$392.9K
Market Conditions
NOI Build-Up for 3,205 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.6K $17.04/SF
− Vacancy
−$4.1K −$1.28/SF
EGI
$50.5K $15.76/SF
− OpEx
−$15.2K −$4.73/SF
NOI
$35.4K $11.03/SF
Area
Gilbert, AZ
Vacancy
7.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,240
Cap Rate 7%
$505,171
Cap Rate 9%
$392,911
Alternative Uses
Best Use
Retail
$505.2K
$442.0K – $589.4K
NOI $35,362 @ 7.0% cap · market cap 3.35%
Second Best
Flex RnD
$471.4K
$412.5K – $550.0K
NOI $32,999 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$841.5K
$736.3K – $981.7K
NOI $58,903 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - High visibility flex space with showroom and warehouse.
Where is this flex space located?
The property is located at 925 N McQueen Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $1,055,600.
What are key features of this property?
This property features: High visibility flex space available; Excellent Gilbert location in Southeast Valley; Contiguous space up to +/- 11,738 SF
