Flex Warehouse with Fenced
For Sale
Contact for pricing
219 S William Dillard Dr, Gilbert, AZ 85233
Single flex warehouse includes reception, two offices, restroom, break room, and one GL door plus a fenced yard.
Property Size2,374 SF
Price / SF$305.39
Days on Market248
Property Features for 219 S William Dillard Dr
General Information
Standard status
Active
Size
2,374 SF
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Drive-In Doors
1
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Michael Goldwater
(602) 332-6360
Source:
Moodyscre
Added: Feb 25
Changed: Oct 25
Last Checked: Oct 30 at 4:08PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex warehouse offers a practical combination of office and warehouse functionality, including a reception area, two offices, one restroom, and a break room. The warehouse portion includes an evap warehouse component and features one GL door for convenient loading access. Outside, the property includes a fenced yard.
The listing is for sale at 219 S William Dillard Dr in Gilbert, Arizona.
The listing is for sale at 219 S William Dillard Dr in Gilbert, Arizona.
Key Highlights
- ±2,374 SF single flex/warehouse space
- Reception area plus two offices
- Includes one restroom and a break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,614
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,280
$692.3K
Cap Rate 7%
$494,486
$494.5K
Cap Rate 9%
$384,600
$384.6K
Market Conditions
NOI Build-Up for 2,374 SF
Gross rent
$57.3K $24.12/SF
− Vacancy
−$11.1K −$4.68/SF
EGI
$46.2K $19.44/SF
− OpEx
−$11.5K −$4.86/SF
NOI
$34.6K $14.58/SF
Area
Gilbert, AZ
Vacancy
19.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,280
Cap Rate 7%
$494,486
Cap Rate 9%
$384,600
Alternative Uses
Best Use
Office B
$494.5K
$432.7K – $576.9K
NOI $34,614 @ 7.0% cap · market cap 4.77%
Second Best
Flex RnD
$349.2K
$305.5K – $407.4K
NOI $24,443 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$623.3K
$545.4K – $727.2K
NOI $43,631 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Jey Lee BBQ — 2022 N Nevada St Apt 1215, Chandler, AZ 85225
Frequently Asked Questions
What type of property is this?
Flex space - Single flex warehouse includes reception, two offices, restroom, break room, and one GL door plus a fenced yard.
Where is this flex space located?
The property is located at 219 S William Dillard Dr Gilbert, AZ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: ±2,374 SF single flex/warehouse space; Reception area plus two offices; Includes one restroom and a break room
