Property profile

202 Elliot Rd & Loop Gilbert, AZ 85234

OFF-MARKET
Land
0.18 ac lot
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Property summary

AI-generated overview

This exceptional 0.18-acre commercial land parcel presents a unique investment opportunity in Gilbert, Arizona. Strategically located at the northwest corner of Elliot Road and Loop 202, this property benefits from its prime position within the thriving Elliot Tech Corridor, home to major tech giants such as Apple, Facebook, Google, and Amazon. All site work has been completed, eliminating significant pre-development costs and expediting the construction process. The high traffic volume and strong household incomes in the immediate vicinity ensure a robust market for any development. The property enjoys convenient access to the SanTan 202 freeway, just half a mile away, providing seamless connectivity to the broader Phoenix metropolitan area. Furthermore, its proximity to Eastmark, a master-planned community encompassing 15,000 homes, guarantees a substantial and growing customer base. The location also offers easy access to major highways and is situated conveniently north of the Phoenix-Mesa Gateway Airport, which serves 1.5 million travelers annually, further enhancing its appeal and potential for growth. This ready-to-develop lot offers an unparalleled chance to capitalize on the explosive growth and economic vitality of this dynamic area. The property is located in Maricopa County, Arizona, with a Gilbert zip code of 85234.

Property profile

Verified
Property type Land
Lot 0.18 ac (7,841 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

202 Elliot Rd & Loop Gilbert, AZ 85234
Gilbert metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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