Add Listing
    For Lease
    • 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

    694-884 S Cooper Rd Gilbert, AZ 85233

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

    Retail space available at a high-traffic Gilbert intersection.

    Property size:
    25,569 SF
    Lot size:
    7.26 Acres

    Property Features for 694-884 S Cooper Rd

    General Information

    Size
    25,569 SF
    Lot size
    7.26 Acres

    We can help!

    Listing Contact
    Richard Francis
    Richard Francis
    Source: Moodyscre

    Listing Agency: Velocity Retail Group Listing Agent: Richard Francis

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

    Learn more

    Overview

    Prominent Intersection Retail Opportunity

    This retail property is located at a prominent intersection in Gilbert, Arizona. The location benefits from high visibility and excellent parking. Warner Road has been improved to six lanes, and the intersection sees over 50,000 cars per day. The property is part of a shopping center with national and regional co-tenants. The property size is 25569 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    Cooper Marketplace, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8086702
    Latitude
    33.3373188

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      AZ, Gilbert - W Elliot Rd

      Discover many ways to work your way in Downtown
      890 Elliot Rd, Gilbert, AZ 85233
      View Details
    • $26 SF/Yr
      1,580 SF

      Medical Office Space For Lease

      Medical/office space available for lease in Gilbert, Arizona.
      725 W Elliot Rd, Gilbert, AZ 85223
      View Details
    • $23 SF/Yr
      10,273 SF

      Gilbert Retail or Office Space

      Retail or office space available in Gilbert, Arizona.
      6-7 E Palo Verde St, Gilbert, AZ 85269
      View Details
    • $35 SF/Yr
      45,841 SF

      Medical Office Space Near Hospital

      Class A medical office building near Dignity’s Mercy Gilbert Hospital.
      3275 S Mercy Rd, Gilbert, AZ 85297
      View Details
    • $19 SF/Yr
      11,936 SF

      Office Space Near Downtown Gilbert

      Office space for lease with Gilbert Road frontage and covered parking.
      459 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • $19 SF/Yr
      11,936 SF

      Office Space Near Downtown Gilbert

      Office space for lease with frontage on Gilbert Road.
      459 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • $17 SF/Yr
      27,492 SF

      Professional Office Space in Gilbert

      High-end office space with convenient access and ample parking.
      1400 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • $24 SF/Yr
      9,148 SF

      Office Suites in Gilbert Location

      Office suites for rent in Gilbert, Arizona, south of US-60.
      20 W Juniper Ave, Gilbert, AZ 85233
      View Details
    • $30 SF/Yr
      4,024 SF

      Medical Office Space in Gilbert

      Professional medical office condo with excellent visibility and convenient access.
      1425 S Higley Rd, Gilbert, AZ 85296
      View Details
    • $26 SF/Yr
      76,979 SF

      Class A Gilbert Business Park

      Class A office complex in high-growth Gilbert, close to US-60.
      971 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • $1.50 SF/Yr
      21,352 SF

      New Industrial Building For Lease

      New industrial building under construction, available for lease in Gilbert.
      350 S Hamilton Ct, Gilbert, AZ 85233
      View Details
    • $1.25 SF/Yr
      13,733 SF

      Industrial Space in Gilbert, Arizona

      Industrial space available for sublease in Gilbert, Arizona.
      1031 W Melody Ave, Gilbert, AZ 85233
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available at a high-traffic Gilbert intersection.
    Where is this shopping center located?
    The property is located at 694-884 S Cooper Rd Gilbert, AZ.
    What are key features of this property?
    This property features: - Excellent visibility from both Warner and Cooper Roads; - Over 50,000 cars per day through intersection; - Great national / regional co-tenants
    (602) 682-8133 Call to check price and availability
    Request Owner's contact information
    694-884 S Cooper Rd 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.
    694-884 S Cooper Rd
    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
    694-884 S Cooper Rd 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 Richard Francis
    Richard Francis
    Real Estate License ID: BR518364000
    (602) 682-8133 (602) 282-8110
    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!