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Nwc- Val Vis Rd And Germann Rd Gilbert, AZ 85297
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Val Vista & Germann Rd: 12 Suites Available
Lot size:
232,179 SF
Description
Added:
Dec 11, 2024
Days on Market:
414
This exceptional two-story commercial property, located at the highly visible Northwest corner of Val Vista Road and Germann Road in Maricopa County, offers a diverse range of executive office suites for lease. The building boasts a total of 232,179 square feet, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 9,895 square feet. Currently, 57,283 square feet of space is available for lease, spread across multiple tenancies. The property's strategic location benefits from exceptional visibility and high traffic counts, with over 45,000 vehicles traveling on Val Vista Road daily. This area demonstrates strong demographics, featuring a median household income exceeding $108,000 within a 3-mile radius and a total population of approximately 88,000. The robust daytime employment in the immediate area, exceeding 103,000 workers, is anchored by notable employers such as Mercy Gilbert Medical Campus, Santan Motorplex, Liberty Mutual Insurance, Deloitte, Higley Unified School District, the Town of Gilbert, and Isagenix. Further enhancing the property's appeal are nearby amenities including Camp Verde High School, Central Christian Church-Gilbert, Discovery Park, and Topgolf. The area's growth potential is significant, with an additional 3,300 single-family homes planned for the trade area. This presents a unique opportunity for businesses seeking a prominent location with strong demographics and excellent access to a large workforce. Twelve individual spaces are currently available.
Property Features for 0 Nwc- Val Vis Rd And Germann Rd
General Information
Property type
Restaurants
Lease Type
Gross Lease
RSF (Rentable sq. ft)
232,179 SF
Building Details
Stories
2
Unit(s) available at that property
Space
Suite P8
Size
3,500 SF
Space
Suite P9 - Level 2
Size
8,409 SF
Space
Suite P5-P6
Size
2,295 SF
Space
Suite P1
Size
2,960 SF
Space
Mixed-Use North
Size
7,343 SF
Space
Suite P9 - level 1
Size
7,841 SF
Space
Suite P11
Size
4,200 SF
Space
Suite P4
Size
4,033 SF
Space
Mixed-Use (Main St.)
Size
9,895 SF
Space
Mixed-Use (Middle)
Size
3,420 SF
Space
Shops C
Size
3,387 SF
Space
Proposed Hotel Site
Size
1 SF
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Listing Contact
Greg Laing
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HighLights
232,179 square foot retail, office, and restaurant building in Maricopa County.
Multiple tenancies available, with spaces ranging from 2,000 to 9,895 contiguous square feet; 57,283 square feet currently vacant.
Located at the highly trafficked intersection of Val Vista Road and Germann Road, with over 45,000 vehicles passing daily.
Strong demographics, including a population of 88,000 within a 3‑mile radius and median household incomes exceeding $108,000.
Excellent daytime employment in the area, with over 103,000 workers and proximity to major employers like Mercy Gilbert Medical Campus and Deloitte.
Convenient location near amenities such as Camp Verde High School, Topgolf, and Discovery Park, with significant residential growth planned.
Restaurant - Val Vista & Germann Rd: 12 Suites Available
Where is this restaurant located?
The property is located at Nwc- Val Vis Rd And Germann Rd Gilbert, AZ.
What are key features of this property?
This property features: 232,179 square foot retail, office, and restaurant building in Maricopa County.; Multiple tenancies available, with spaces ranging from 2,000 to 9,895 contiguous square feet; 57,283 square feet currently vacant.; Located at the highly trafficked intersection of Val Vista Road and Germann Road, with over 45,000 vehicles passing daily.
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Nwc- Val Vis Rd And Germann Rd Gilbert, AZ 85297
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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
Nwc- Val Vis Rd And Germann Rd Gilbert, AZ 85297
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Nwc- Val Vis Rd And Germann Rd, Gilbert, AZ
Contact
Greg Laing
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Nwc- Val Vis Rd And Germann Rd, Gilbert, AZ
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Nwc- Val Vis Rd And Germann Rd, Gilbert, AZ
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Listing Contact
Greg Laing
Real Estate License ID: AZ CO114520000
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