Freestanding Office
4718 S Higley Rd Gilbert, AZ 85297
For Sale
Contact for pricing
Office building for sale near major intersection traffic and within a short drive of Loop 202.
Property Size4,281 SF
Price / SF$467.18
Days on Market79
Property Features for 4718 S Higley Rd
General Information
Standard status
Active
Size
4,281 SF
Property subtype
OFFICE
Listing Agency:
G&E|BRE Commercial, LLC
(602) 224-4437
Listed By:
Brent Mallonee · License #SA543239000
(602) 224-4437
Source:
Moodyscre
Added: May 12
Changed: Jul 29
Last Checked: Jul 29 at 3:22AM
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 G&E|BRE Commercial, LLC
Investment Insights
Based on property information with market context.
This for-sale freestanding office building totals 4,281 square feet and is offered at $2,000,000. The property is positioned to serve a daytime population of more than 203,000 within a five-mile radius, with 239,885 residents reported within that same radius.
The area is supported by substantial roadway activity, including traffic volumes reported at the intersection of Higley Road and Queen Creek Road, along with an estimated 2.5-mile distance to Loop 202 where over 163,745 vehicles per day are listed.
The property is located at 4718 S Higley Rd, Gilbert, AZ 85297.
The area is supported by substantial roadway activity, including traffic volumes reported at the intersection of Higley Road and Queen Creek Road, along with an estimated 2.5-mile distance to Loop 202 where over 163,745 vehicles per day are listed.
The property is located at 4718 S Higley Rd, Gilbert, AZ 85297.
Key Highlights
- High traffic area: 51,000+ vehicles per day at Higley Rd and 22,538 vehicles per day on Queen Creek Rd intersection
- Approximately 2.5 miles from Loop 202, with 163,745 vehicles per day
- Average household income of $204,454 per year within a 1‑mile radius (ESRI)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.3k | $24.12 |
| − Vacancy | −$20.0k | −$4.68 |
| EGI | $83.2k | $19.44 |
| − OpEx | −$20.8k | −$4.86 |
| NOI | $62.4k | $14.58 |
4,281 SF · lease $24.12/SF/yr · vacancy 19.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$891.7K
$780.2K – $1.04M
NOI $62,419 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$983.5K – $1.31M
NOI $78,679 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office building for sale near major intersection traffic and within a short drive of Loop 202.
Where is this office units located?
The property is located at 4718 S Higley Rd Gilbert, AZ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High traffic area: 51,000+ vehicles per day at Higley Rd and 22,538 vehicles per day on Queen Creek Rd intersection; Approximately 2.5 miles from Loop 202, with 163,745 vehicles per day; Average household income of $204,454 per year within a 1‑mile radius (ESRI)
