Building Details

Tenancy Single

Listing Agency: Commercial Properties Inc Show Phone

Listed By: John G Soldo Show Phone

Source: Moodyscre

Added: Feb 27 Changed: Oct 6 Last Checked: Oct 24 at 4:20PM

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Investment Insights

Based on property information with market context.

This single-tenant industrial flex building is designed with a mixed office and warehouse configuration, featuring approximately 50% office space and approximately 85% HVAC. The facility includes a yard, a sprinklered distribution system, and clear height ranging from 16' to 18'.

Operations are supported by four grade-level (GL) doors and a common truckwell for loading and deliveries.

The property’s combination of office support and functional industrial improvements, including sprinklers, HVAC coverage, and multiple loading doors, makes it well-suited for a tenant or owner-operator needing on-site work space alongside warehouse capacity.

Key Highlights

• Single‑tenant industrial building with 50% office
• 16'-18' clear height in the industrial area
• 4 grade‑level (GL) doors plus a common truckwell

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$126,661

Cap Rate

3.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,533,220 $2.5M

Cap Rate 7%

$1,809,443 $1.8M

Cap Rate 9%

$1,407,344 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,302 SF

Gross rent

$221.4K $18.00/SF

− Vacancy

−$26.6K −$2.16/SF

EGI

$194.9K $15.84/SF

− OpEx

−$68.2K −$5.54/SF

NOI

$126.7K $10.30/SF

Area

Gilbert, AZ

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,533,220

Cap Rate 7%

$1,809,443

Cap Rate 9%

$1,407,344

Alternative Uses

Best Use

Flex RnD

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,661 @ 7.0% cap · market cap 3.89%

Second Best

Warehouse

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $108,083 @ 7.0% cap · market cap 3.32%

Theoretical Best

Office A

$3.23M

$2.83M – $3.77M (±1% cap)

NOI $226,094 @ 7.0% cap · market cap 6.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Absolute Healthcare (Curaleaf ... Pharmacy Fairbank's Contracting & Development ... Construction Company GBS Linens | Arizona Big Box & Wholesale Store Killer Bees Softball Association / Organization Turbine Auxiliary Support ... Recycling Center

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Pharmacy Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

4

Drive-in doors

Single-tenant

Tenancy

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,283

Businesses Nearby

Balanced

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Single-tenant industrial flex building with yard, sprinkler system, 4 grade-level doors, and 16–18' clear height.

Where is this flex space 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: Single‑tenant industrial building with 50% office; 16'-18' clear height in the industrial area; 4 grade‑level (GL) doors plus a common truckwell