Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2475 S Val Vista Dr, Unit 101 Gilbert, AZ 85295

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Thriving restaurant with fully equipped kitchen in Gilbert, Arizona.

    Property size:
    1,800 SF

    Property Features for 2475 S Val Vista Dr

    General Information

    Standard status
    Active
    Size
    1,800 SF

    We can help!

    Listing Contact
    James Park
    Source: Crexi

    Listing Agency: Six Zero Two Real Estate Group LLC Listing Agent: James Park

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Asian Cuisine Restaurant

    Mr. Rice Asian Cuisine, located at 2475 S. Val Vista Dr, Ste 101, Gilbert, AZ, is a restaurant offering an Asian dining experience. The property is 1,800 square feet and is positioned in a high-traffic area. The restaurant features a fully equipped kitchen, including an 18’ hood and a walk-in cooler. Mr. Rice specializes in Asian Fusion and Cantonese dishes, offering items such as Orange Chicken, Beef Chow Fun, and extra-large shrimp egg rolls. The restaurant has a classy yet cozy atmosphere suitable for casual meals, family gatherings, or special occasions. The chef brings over fifteen years of culinary expertise, creating dishes that reflect the culinary traditions of China. Mr. Rice offers dine-in, take-out, and event hosting services.
    Location Intelligence

    Current Use by Public Records

    Pearle Vision Physician Lady Jane's Haircuts ... Barber Shop Family First Vision ... Physician Gilbert Physician Mr Rice Asian ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.754839
    Latitude
    33.3053799

    Nearby Similar for Sale

    • New
      $1,250,000
      2.43 Acres

      Gilbert Horse Property with Irrigated Land

      2.43 acres of irrigated horse property with updated manufactured home.
      23317 S 180Th St, Gilbert, AZ 85298
      View Details
    • New
      $1,000,000
      Pending

      Gilbert Multifamily Redevelopment Opportunity

      Multifamily property in Gilbert's Heritage District with redevelopment potential.
      229 N Palm St, Gilbert, AZ 85234
      View Details
    • $675,000

      Professional Office Condo For Sale

      Office condo near US-60 and Dana Park Village Square.
      1757 136 St, Gilbert, AZ 85233
      View Details
    • $6,651,924

      Gilbert Medical Office Investment Opportunity

      Single-tenant medical office building fully leased to Soar Autism Center.
      2314 S Val Vista Dr, Gilbert, AZ 85295
      View Details
    • $6,651,924

      Gilbert Medical Office Investment Opportunity

      Single-tenant medical office building fully leased to Soar Autism Center.
      2314 S Val Vista Dr, Gilbert, AZ 85295
      View Details
    • $959,000
      3,205 SF

      Industrial Condo in Gilbert, Arizona

      Industrial condo for sale, close to US-60 Freeway.
      925 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing

      Retail Space in Gilbert Center

      Retail space or build-to-suit opportunity in Gilbert, Arizona.
      4024 E Guadalupe Rd, Gilbert, AZ 85234
      View Details
    • $725,000
      2,374 SF

      Office and Warehouse Space Available

      Office and warehouse space featuring secured yard and multiple amenities.
      219 S William Dillard Dr, Gilbert, AZ 85233
      View Details
    • $2,475,000
      6,712 SF

      Gilbert Automotive and Retail Property

      6,712 SF property suitable for auto shops and retail.
      3335 E Baseline Rd, Gilbert, AZ 85234
      View Details
    • $3,000,000
      11,400 SF

      Retail Center with Stable Tenants

      Retail center with long-term tenants and professional management.
      53 N Val Vista Dr, Gilbert, AZ 85234
      View Details
    • $665,000

      Gilbert Industrial Condo For Sale

      Industrial condo available for purchase in Gilbert, Arizona.
      1324 N Farrell Ct, Gilbert, AZ 85233
      View Details
    • $665,000

      Industrial Condo in Gilbert, Arizona

      Industrial condo for sale at E Baseline Rd & E Cooper Rd.
      1324 N Farrell Ct, Gilbert, AZ 85233
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Thriving restaurant with fully equipped kitchen in Gilbert, Arizona.
    Where is this conventional restaurant located?
    The property is located at 2475 S Val Vista Dr, Unit 101 Gilbert, AZ.
    What are key features of this property?
    This property features: - Prime Location: High foot traffic and excellent visibility in a vibrant Gilbert, AZ community.; - Fully Equipped Kitchen: Includes an 18’ hood and walk-in cooler.; - Diverse and Delicious Menu: Specializing in Asian Fusion and Cantonese dishes.
    Request Owner's contact information
    2475 S Val Vista Dr, Unit 101 Gilbert, AZ 85295
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2475 S Val Vista Dr, Unit 101
    Gilbert, AZ 85295
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2475 S Val Vista Dr, Unit 101 Gilbert, AZ 85295
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Park
    Real Estate License ID: BR656994000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!