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    Williams Field Rd Gilbert, AZ 85295

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    For Lease
    Contact for pricing

    High-traffic Gilbert retail space, multiple suites.

    Lot size:
    22,630 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional retail opportunity in Gilbert, Arizona, presents four available suites totaling 22,630 square feet within a larger commercial building situated at the prominent intersection of South Higley Road and East Williams Field Road. The property offers flexible space options, with a minimum divisible space of 2,090 square feet and a maximum contiguous space of 9,000 square feet, catering to a variety of business needs. Currently, all 22,630 square feet are vacant, providing a unique chance for a single tenant to occupy the entire building or for multiple businesses to establish themselves in this high-visibility location. The property is in Maricopa County, Arizona, with a zip code of 85295. Its strategic location near two full-diamond interchanges along Loop 202 Santan Freeway, with Williams Field Road and Higley Road serving as major commuter arteries, ensures high traffic volume and excellent visibility for businesses. This prime location offers unparalleled access to a substantial customer base, making it an ideal investment for retailers seeking a thriving market in the rapidly growing Gilbert area. The property is classified as retail commercial with multiple tenancy.

    Property Features for 0 Williams Field Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,630 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    9,000 SF
    Space
    Pad 6
    Size
    3,200 SF
    Space
    Pad 4
    Size
    7,453 SF
    Space
    Pad 3
    Size
    2,977 SF

    We can help!

    Listing Contact
    Greg Laing
    Greg Laing

    Learn more

    HighLights

    • 22,630 SF of vacant retail space available in four suites, divisible to a minimum of 2,090 SF and a maximum of 9,000 SF contiguous.
    • High‑traffic location at S. Higley Rd and E. Williams Field Rd in Gilbert, AZ (85295), near two Loop 202 Santan Freeway interchanges.
    • Surrounding area includes 541 single‑family homes, 320 condos, and over 1,600 multi‑family units under construction or planned.
    • Adjacent to Williams Field High School (1,885 students) and boasts a strong demographic profile with over 108,269 people within a 3‑mile radius and a median household income exceeding $100,777.
    • Located in Maricopa County, Arizona.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7210116
    Latitude
    33.3068451

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    FAQs

    What type of property is this?
    Retail property - High-traffic Gilbert retail space, multiple suites.
    Where is this retail property located?
    The property is located at Williams Field Rd Gilbert, AZ.
    What are key features of this property?
    This property features: 22,630 SF of vacant retail space available in four suites, divisible to a minimum of 2,090 SF and a maximum of 9,000 SF contiguous.; High-traffic location at S. Higley Rd and E. Williams Field Rd in Gilbert, AZ (85295), near two Loop 202 Santan Freeway interchanges.; Surrounding area includes 541 single-family homes, 320 condos, and over 1,600 multi-family units under construction or planned.
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    Williams Field Rd Gilbert, AZ 85295
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    Gilbert, AZ 85295
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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
    Williams Field Rd Gilbert, AZ 85295
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    We can help!
    Listing Contact
    Greg Laing
    Greg Laing
    Real Estate License ID: AZ CO114520000
    Learn more
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