Gilbert Automotive and Retail
For Sale
$2,475,000
Pending
3335 E BASELINE Road, Gilbert, AZ 85234
6,712 SF property suitable for auto shops and retail.
Property Size6,712 SF
Days on Market146
Property Features for 3335 E BASELINE Road
General Information
Standard status
Pending
Size
6,712 SF
Total Parking Spaces
16
Zoning
GC
Taxes and HOA fees
Annual Taxes
$12,253
Amenities
Patio/Deck
Central Air
Forced Air, Electric
Refrigerator, Microwave, Disposal, Dishwasher
Block
Parking Lot, Paved
Building Details
Year Built
1989
Buildings
1
Stories
1
Listing Agency:
(602) 432-4664
Listed By:
Patrick Harfst
(602) 432-4664
Source:
Evrealestate
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 11 at 6:46AM
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 Patrick Harfst
Investment Insights
Based on property information with market context.
This 6,712 square-foot property in Gilbert, Arizona, is suitable for auto shops, automotive properties, and retail spaces.
Key Highlights
- 6,712 SF property ideal for auto shops and retail businesses
- Central Air Conditioning for year‑round comfort
- Paved Parking Lot
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
$74,056
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
2.99%
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%
$1,481,120
$1.5M
Cap Rate 7%
$1,057,943
$1.1M
Cap Rate 9%
$822,844
$822.8K
Market Conditions
NOI Build-Up for 6,712 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
$114.4K $17.04/SF
− Vacancy
−$8.6K −$1.28/SF
EGI
$105.8K $15.76/SF
− OpEx
−$31.7K −$4.73/SF
NOI
$74.1K $11.03/SF
Area
Gilbert, AZ
Vacancy
7.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,481,120
Cap Rate 7%
$1,057,943
Cap Rate 9%
$822,844
Alternative Uses
Best Use
Retail
$1.06M
$925.7K – $1.23M
NOI $74,056 @ 7.0% cap · market cap 2.99%
Second Best
Industrial
$693.8K
$607.1K – $809.4K
NOI $48,564 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,357 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
285k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 35%
Apparel 5%
Beauty & Spa 3%
Barnes & Noble
Shops & Services
32,582 visits/mo
0.3 miles
Circle K
Shops & Services
20,502 visits/mo
0.2 miles
IHOP
Dining
15,300 visits/mo
0.1 miles
Taco Bell
Dining
14,937 visits/mo
0.3 miles
Panda Express
Dining
14,180 visits/mo
0.1 miles
Demographics for 85234, AZ
51,051
Population
17,488
Households
2.9
Avg Household Size
36
Median Age
46%
College-Educated
96%
High-School Grad
11.9 sq mi
ZIP Area
4,290
Density / Sq Mi
$118,012
Median Household Income
$54,080
Median Earnings
$1,971
Median Rent
$488,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - 6,712 SF property suitable for auto shops and retail.
Where is this auto shop located?
The property is located at 3335 E BASELINE Road Gilbert, AZ.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: 6,712 SF property ideal for auto shops and retail businesses; Central Air Conditioning for year‑round comfort; Paved Parking Lot
