Single-Tenant Industrial Flex
For Sale
Contact for pricing
175 S Hamilton Pl, Gilbert, AZ 85233
Single-tenant industrial flex building with yard, sprinkler system, 4 grade-level doors, and 16–18' clear height.
Property Size12,302 SF
Price / SF$264
Days on Market194
Property Features for 175 S Hamilton Pl
General Information
Standard status
Active
Size
12,302 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
4
Sprinkler System
Yes
Additional Details
Outdoor Storage
Yes
Building Details
Tenancy
Single
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
John G Soldo
(602) 989-4584
Source:
Moodyscre
Added: Feb 27
Changed: Sep 4
Last Checked: Sep 8 at 3:39AM
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 Commercial Properties Inc
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.
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 = 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
$126,661
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
3.89%
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%
$2,533,220
$2.5M
Cap Rate 7%
$1,809,443
$1.8M
Cap Rate 9%
$1,407,344
$1.4M
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
$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 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%
$2,533,220
Cap Rate 7%
$1,809,443
Cap Rate 9%
$1,407,344
Alternative Uses
Best Use
Flex RnD
$1.81M
$1.58M – $2.11M
NOI $126,661 @ 7.0% cap · market cap 3.89%
Second Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $108,083 @ 7.0% cap · market cap 3.32%
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
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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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
