Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1324 N Farrell Ct Gilbert, AZ 85233

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Warehouse space with roll-up door and updated office.

    Property size:
    2,650 SF
    Lot size:
    0.86 Acres

    Property Features for 1324 N Farrell Ct

    General Information

    Size
    2,650 SF
    Lot size
    0.86 Acres

    We can help!

    Listing Contact
    Tj Claassen
    Source: Moodyscre

    Listing Agent: Tj Claassen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Gilbert Warehouse with Updated Office

    This property in Gilbert, Arizona, offers 2,650 square feet of warehouse space. Located near Baseline and Cooper, the property features a roll-up door and an updated office area. The layout provides flexible options with approximately 30% of the space designated for office use and 70% for warehouse operations. This property is for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stunning Stays Vacation Rental Makyle Electric Inc Electrical Service IFCM CORP Construction Company Mary Ann Chapman, ... Real Estate Agency Car's Cash For Junk ... Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    GarageTown USA Offices, Extra Space Storage, R V Corral Storage, Island Storage, A Secured RV & Vehicle Storage

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8156256
    Latitude
    33.3745003

    Nearby Similar for Sale

    • New
      $1,000,000

      Gilbert Multifamily Redevelopment Opportunity

      Multifamily property in Gilbert's Heritage District with redevelopment potential.
      229 N Palm St, Gilbert, AZ 85234
      View Details
    • $959,000
      3,205 SF

      Industrial Condo in Gilbert, Arizona

      Industrial condo for sale, close to US-60 Freeway.
      925 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $959,000
      3,205 SF

      Gilbert Flex Space with Warehouse

      High visibility flex space with showroom and warehouse.
      925 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $675,000

      Professional Office Condo For Sale

      Office condo near US-60 and Dana Park Village Square.
      1757 136 St, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      285,581 SF

      Santan Village Marketplace Retail Space

      Retail space available in Santan Village Marketplace, Gilbert, Arizona.
      2796 S Market St, Gilbert, AZ 85295
      View Details
    • $3,400,000
      5,940 SF

      Automotive Sales and Service Center

      Large lot with sales office and four-bay service center.
      881 N Arizona Ave, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      864 SF

      Downtown Gilbert Retail Investment Opportunity

      Prime retail investment in the heart of Downtown Gilbert.
      309 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      4,994 SF

      Retail Space Near Gilbert Park

      Retail space available across from Gilbert Regional Park.
      3050 E Queen Creek Rd, Gilbert, AZ 85297
      View Details
    • $2,807,400
      9,358 SF

      Single-Tenant Day Care Facility

      Single-tenant adult day care facility in a dense residential area.
      500 S Gilbert Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      10,000 SF

      Retail Pad with Drive-Thru Option

      Retail space for sale, lease, or build-to-suit with drive-thru.
      4700 S Val Vista Dr, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      146,052 SF

      Industrial Condos with Yards

      Industrial condos with yards for lease in Gilbert, Arizona.
      3380 S Power Rd, Gilbert, AZ 85234
      View Details
    • $6,651,924

      Gilbert Medical Office Investment Opportunity

      Single-tenant medical office building fully leased to Soar Autism Center.
      2314 S Val Vista Dr, Gilbert, AZ 85295
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space with roll-up door and updated office.
    Where is this warehouse located?
    The property is located at 1324 N Farrell Ct Gilbert, AZ.
    What are key features of this property?
    This property features: - Flexible space: 30% office / 70% warehouse.; - Updated office space.; - Features a roll up door.
    (602) 524-6000 Call to check price and availability
    Request Owner's contact information
    1324 N Farrell Ct Gilbert, AZ 85233
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1324 N Farrell Ct
    Gilbert, AZ 85233
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1324 N Farrell Ct Gilbert, AZ 85233
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tj Claassen
    (602) 524-6000 (480) 423-1111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!