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    Property profile & analytics

    700 Neely St Gilbert, AZ 85233-3827

    • Flex space
    • 42,812 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US07-1016832
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Arcas Machine Inc. / Machine Shop
    • Gilbert Chandler AYF / Youth Organization / Non-Profit Organization
    • East Valley Mold Inc / Tool & Die Shop
    • Moore Tool and Die / Tool & Die Shop
    • A.L.S. Cabinets, LLC / Cabinet Maker / Bathroom Remodeler

    Property Details for 700 Neely St

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    0.98 lot acres
    Property size
    42,812 SF
    Zone code
    LI
    Property type
    Flex space
    APN
    302-15-030
    APU
    30215030

    Description

    This exceptional industrial property, located at 700 N Neely St in Gilbert, Arizona (zip code 85233), offers multiple units for lease within the Neely Industrial Park. The property is zoned I-1 by the City of Gilbert and situated in the Chandler N Gilbert Ind submarket of Maricopa County. Built in 1987, the park boasts a total of 102,641 square feet of industrial space, with available units ranging from a minimum of 1,995 square feet to a maximum contiguous space of 2,025 square feet. Currently, 4,020 square feet are vacant and ready for immediate occupancy. The units feature a desirable 14-foot ceiling height, providing ample vertical space for various industrial uses. Power is supplied by a 120/208 V, 3-phase system. This property is ideal for manufacturing and warehouse operations, offering a strategic location within a thriving industrial area. The property's location in Gilbert, Arizona provides easy access to major transportation routes, ensuring efficient logistics and distribution. Interested parties are encouraged to inquire about available unit sizes and lease terms. This is a prime opportunity to secure high-quality industrial space in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.799
    Latitude
    33.361
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,402
    $0.00
    $0.00
    $765,369
    -
    $249,800
    $4,388,800
    $4,638,600

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    • Value Estimation by Request
      111,343 SF

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      LIGHT INDUSTRIAL • 111,343 SF
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    700 Neely St
    Gilbert, AZ 85233-3827
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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
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