Gilbert Industrial Condo For
For Sale
Contact for pricing
925 N McQueen Rd Ste 105, Gilbert, AZ 85233
Industrial condo available for sale in Gilbert, Arizona.
Property Size3,248 SF
Price / SF$305
Days on Market674
Property Features for 925 N McQueen Rd Ste 105
General Information
Standard status
Active
Size
3,248 SF
Total Parking Spaces
85
Property subtype
Industrial
Zoning
CG, Town of Gilbert
Investment Type
Owner/User
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Commercial Properties Inc Tempe
(480) 966-8671
Listed By:
Elizabeth Allen · License #BR647878000
Source:
Crexi
Added: Oct 7, 2024
Changed: Aug 11
Last Checked: May 12 at 10:42PM
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 Commercial Properties Inc Tempe
Investment Insights
Based on property information with market context.
An industrial condo is available for sale in Gilbert, Arizona. The property offers 3248 square feet of space.
Key Highlights
- Industrial condo available for sale
- Located in Gilbert, AZ
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,536
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,720
$570.7K
Cap Rate 7%
$407,657
$407.7K
Cap Rate 9%
$317,067
$317.1K
Market Conditions
NOI Build-Up for 3,248 SF
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.
Gross rent
$44.8K $13.80/SF
− Vacancy
−$11.3K −$3.46/SF
EGI
$33.6K $10.34/SF
− OpEx
−$5.0K −$1.55/SF
NOI
$28.5K $8.79/SF
Area
Gilbert, AZ
Vacancy
25.10%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,720
Cap Rate 7%
$407,657
Cap Rate 9%
$317,067
Alternative Uses
Best Use
Warehouse
$407.7K
$356.7K – $475.6K
NOI $28,536 @ 7.0% cap · market cap 2.88%
Second Best
Industrial
$335.7K
$293.8K – $391.7K
NOI $23,500 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$852.8K
$746.2K – $994.9K
NOI $59,694 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85233, AZ
39,006
Population
15,080
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
4,063
Density / Sq Mi
$105,154
Median Household Income
$55,132
Median Earnings
$1,895
Median Rent
$468,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condo available for sale in Gilbert, Arizona.
Where is this warehouse located?
The property is located at 925 N McQueen Rd Ste 105 Gilbert, AZ.
What is the asking price?
The asking price for this property is $990,640.
What are key features of this property?
This property features: Industrial condo available for sale; Located in Gilbert, AZ; Built in 2006
