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    1663 Ray Rd Gilbert, AZ 85295

    Sponsored
    For Lease
    Contact for pricing

    Gilbert, AZ Storefront Opportunity

    Lot size:
    24,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Rodeo Park Plaza, located at 1663 E Ray Rd in Gilbert, Arizona (zip code 85295), presents a prime retail opportunity within a vibrant strip center. This Maricopa County property offers multiple tenancy options within a total building area of 24,624 square feet. Currently, two spaces are available, ranging in size from 1,060 to 2,984 contiguous square feet, providing flexibility for various retail businesses. The expansive lot size of 111,359 square feet ensures ample parking and visibility for tenants. The property's strategic location off Ray Road in Gilbert offers excellent access and exposure to a high-traffic area. This is an exceptional chance to establish or expand a retail presence in a thriving community. The property is classified as a storefront retail space and is ideal for businesses seeking a high-visibility location with convenient access for customers. The available spaces provide a range of sizes to accommodate different business needs, making it a versatile option for prospective tenants. The large lot size contributes to the property's overall appeal, offering ample parking and potential for future expansion or development. This is a rare opportunity to secure retail space in a desirable Gilbert location.

    Property Features for 1663 Ray Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,624 SF

    Unit(s) available at that property

    Space
    BLDG 3 #105
    Size
    1,060 SF
    Space
    BLDG 3 - 110-112
    Size
    2,984 SF

    HighLights

    • LAST TWO SPACES AVAILABLE: 1,060 SF inline and 2,984 SF endcap.
    • Monument signage available.
    • Excellent access and visibility; less than one mile from Loop 202 Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    NControl Driving School Driving School Meridian Cleaners & Laundry Dry Cleaner Cornerstone Animal Hospital Veterinarian

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7556996
    Latitude
    33.321178

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    FAQs

    What type of property is this?
    Individual retail property - Gilbert, AZ Storefront Opportunity
    Where is this individual retail property located?
    The property is located at 1663 Ray Rd Gilbert, AZ.
    What are key features of this property?
    This property features: LAST TWO SPACES AVAILABLE: 1,060 SF inline and 2,984 SF endcap.; Monument signage available.; Excellent access and visibility; less than one mile from Loop 202 Freeway.
    Request Owner's contact information
    1663 Ray Rd Gilbert, AZ 85295
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    Gilbert, AZ 85295
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    Realmo Value Estimation

    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.

    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.

    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
    1663 Ray Rd Gilbert, AZ 85295
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