Retail Center with Stable
53 N Val Vista Dr Gilbert, AZ
For Sale
Contact for pricing
Retail center with long-term tenants and professional management.
Property Size11,400 SF
Lot Size1.46 Acres
Price / SF$263.16
Days on Market246
Property Features for 53 N Val Vista Dr
General Information
Standard status
Active
Size
11,400 SF
Lot size
1.46 Acres
Property subtype
RETAIL
Listing Agency:
North Bay Commercial Real Estate
(707) 521-3500
Listed By:
Dale Dockins · License #00977047
(707) 521-3500
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:57AM
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 North Bay Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail center features 7 tenants, primarily service-oriented businesses, many of whom have been long-term occupants. The lease agreements are structured as NNN, providing financial stability for the ownership. The property has been under professional management by the same company since 2006. The property has 11,400 square feet of retail space and provides 52 parking spaces, a ratio of 4.59 spaces per 1,000 square feet. The property is located in Gilbert, AZ.
Key Highlights
- Stable income stream from NNN leases
- Long‑term tenants indicate a successful business location
- Proven resilience during financial crises and COVID
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 | $194.3k | $17.04 |
| − Vacancy | −$14.6k | −$1.28 |
| EGI | $179.7k | $15.76 |
| − OpEx | −$53.9k | −$4.73 |
| NOI | $125.8k | $11.03 |
11,400 SF · lease $17.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.80M
$1.57M – $2.10M
NOI $125,781 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,516 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — 90 S Val Vista Dr Safeway, Gilbert, AZ 85296
- Val Vista Marketplace — 90 S Val Vista Dr, Gilbert, AZ 85296
- Elliot ranch Plaza — 91 N Val Vista Dr, Gilbert, AZ 85234
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with long-term tenants and professional management.
Where is this shopping center located?
The property is located at 53 N Val Vista Dr Gilbert, AZ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Stable income stream from NNN leases; Long‑term tenants indicate a successful business location; Proven resilience during financial crises and COVID
