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    1035 Gilbert Rd Tempe, AZ 85288

    Sponsored
    For Sale
    $11,100,000

    Prime Tempe location, ±5.86 acres, I-2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses two parcels totaling ±255,473 square feet (approximately 5.86 acres) located at 1035 E Curry Rd & 1050 E Gilbert Rd in Tempe, Arizona. The property, identified by APNs 132-19-012E and 132-19-013E, is zoned I-2 and presents a compelling redevelopment opportunity within a highly desirable area. Situated in North Tempe, this site boasts convenient access to major freeways, Valley Metro Rail, and Arizona State University, making it an attractive location for a variety of uses. The property's proximity to established businesses like Carvana and Lesueur Car Company further enhances its appeal. While currently suitable for automotive sales, the I-2 zoning allows for exploration of diverse development options, including multifamily residential projects. Existing multifamily development plans are available upon request. This ±5.86 acre parcel presents a unique chance to capitalize on the growth and potential of Tempe's thriving market. The asking price for this significant land holding is $11,100,000. Don't miss this chance to acquire a substantial property in a prime Tempe location.

    Property Features for 1035 Gilbert Rd

    General Information

    Property type
    Land

    HighLights

    • Opportunity Zone designation.
    • ±255,473 square feet land area.
    • ±5.86 acres total land area.
    • Two parcels: APNs 132‑19‑012E and 132‑19‑013E.
    • I‑2 zoning.
    • Existing multifamily development plans available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.923057
    Latitude
    33.4393939

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    FAQs

    What type of property is this?
    Land - Prime Tempe location, ±5.86 acres, I-2 zoning.
    Where is this land located?
    The property is located at 1035 Gilbert Rd Tempe, AZ.
    What is the asking price?
    The asking price for this property is $11,100,000.
    What are key features of this property?
    This property features: Opportunity Zone designation.; ±255,473 square feet land area.; ±5.86 acres total land area.
    (480) 634-2320
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    1035 Gilbert Rd Tempe, AZ 85288
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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
    1035 Gilbert Rd Tempe, AZ 85288
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