Single-Tenant Day Care
For Sale
Contact for pricing
500 S Gilbert Rd, Gilbert, AZ
Single-tenant adult day care facility in a dense residential area.
Property Size9,358 SF
Lot Size1.10 Acres
Price / SF$300
Days on Market702
Property Features for 500 S Gilbert Rd
General Information
Standard status
Active
Size
9,358 SF
Lot size
1.10 Acres
Property subtype
RETAIL
Listing Agency:
LevRose Commercial Real Estate
(602) 369-7127
Listed By:
Matt Leonard · License #BR544219000
(602) 369-7127
Source:
Moodyscre
Added: Aug 30, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:13AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This single-tenant property is currently configured as an adult day care facility. It will be delivered vacant at the close of escrow. The property features a kitchen equipped with a hood and an established outdoor play area. Situated on Gilbert Road, the location offers great visibility and excellent accessibility. The daily traffic volume on Gilbert Road is approximately 24,449 vehicles per day. The property is located approximately 1 mile south of Downtown Gilbert Heritage District. The property has a size of 9,358 square feet.
Key Highlights
- Delivered vacant at COE, allowing immediate use or repurposing
- Gilbert Rd. frontage provides great visibility and high exposure
- Dense residential area offers a strong potential customer base
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.5k | $17.04 |
| − Vacancy | −$12.0k | −$1.28 |
| EGI | $147.5k | $15.76 |
| − OpEx | −$44.3k | −$4.73 |
| NOI | $103.3k | $11.03 |
9,358 SF · lease $17.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,251 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,987 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Circle K
Shops & Services
23,492 visits/mo
0.3 miles
Dairy Queen
Dining
8,202 visits/mo
0.2 miles
Porsche Chandler
Shops & Services
1,712 visits/mo
0.4 miles
U-Haul Moving & Storage of Gilbert
Shops & Services
1,533 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant adult day care facility in a dense residential area.
Where is this storefront property located?
The property is located at 500 S Gilbert Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $2,807,400.
What are key features of this property?
This property features: Delivered vacant at COE, allowing immediate use or repurposing; Gilbert Rd. frontage provides great visibility and high exposure; Dense residential area offers a strong potential customer base
