Industrial Warehouse with Yard
For Sale
$3,260,000
175 S Hamilton Pl, Gilbert, AZ 85233
Industrial warehouse with heavy office and yard space for sale.
Property Size12,302 SF
Days on Market169
Property Features for 175 S Hamilton Pl
General Information
Standard status
Active
Size
12,302 SF
Property subtype
Industrial
Building Details
Building Size
12,302 SF
Year Built
2004
Listing Agency:
(602) 989-4584
Listed By:
John G. Soldo, SIOR
(602) 989-4584
Source:
Corfac
Added: Mar 5
Changed: Aug 18
Last Checked: Aug 20 at 5:59AM
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 John G. Soldo, SIOR
Investment Insights
Based on property information with market context.
This industrial warehouse, featuring heavy office space and a yard, is available for sale. The property is located in Gilbert, Arizona, near Elliot Road and Arizona Avenue.
Key Highlights
- Industrial warehouse/heavy office space available.
- Features yard space.
- Located in Gilbert, AZ.
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
$108,083
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
3.32%
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%
$2,161,660
$2.2M
Cap Rate 7%
$1,544,043
$1.5M
Cap Rate 9%
$1,200,922
$1.2M
Market Conditions
NOI Build-Up for 12,302 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
$169.8K $13.80/SF
− Vacancy
−$42.6K −$3.46/SF
EGI
$127.2K $10.34/SF
− OpEx
−$19.1K −$1.55/SF
NOI
$108.1K $8.79/SF
Area
Gilbert, AZ
Vacancy
25.10%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
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%
$2,161,660
Cap Rate 7%
$1,544,043
Cap Rate 9%
$1,200,922
Alternative Uses
Best Use
Warehouse
$1.54M
$1.35M – $1.80M
NOI $108,083 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$1.27M
$1.11M – $1.48M
NOI $89,009 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,094 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85233, AZ
39,006
Population
15,080
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
4,063
Density / Sq Mi
$105,154
Median Household Income
$55,132
Median Earnings
$1,895
Median Rent
$468,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with heavy office and yard space for sale.
Where is this warehouse located?
The property is located at 175 S Hamilton Pl Gilbert, AZ.
What is the asking price?
The asking price for this property is $3,260,000.
What are key features of this property?
This property features: Industrial warehouse/heavy office space available.; Features yard space.; Located in Gilbert, AZ.
