Financial
Distress signals
Property profile

240 Sunway Dr Gilbert, AZ 85233

OFF-MARKET
Flex space
Property ID
US07-0367435
15,765 SF 1.11 ac lot Built 1997
Last sale Aug 2022 · $3,801,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 15,765-square-foot industrial property in Gilbert, Arizona is configured for warehouse, industrial, or flex use and includes a large secured yard. Power service is provided at approximately 1,200 amps of 120/208V, 3-phase electricity. The building has four grade-level doors (two doors measure 12’ x 14’ and two doors measure 12’ x 12’) and offers a 17’4” clear interior height. The interior layout includes six bathrooms and eight private offices, with supporting areas such as a reception

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$410k
Effective rate4.19%

Value estimate

· Sep 2026
$3.54M
$3.19M – $3.89M
Sales comparison$2.95M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$154/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$57 – $197
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LI
The intent of the Light Industrial zoning district is to provide for wholesale and warehousing uses as well as those manufacturing uses t...
General categoryINDUSTRIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant27.1
Law Firm22.8
Realty agency22.1

Location

240 Sunway Dr Gilbert, AZ 85233-5034
County assessor Recorded deeds · 8 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
955 Fiesta, Gilbert, AZ 85233-2807 $3,589,955 Jul 2025 12,832 SF
115 Pasadena, Gilbert, AZ 85233-5042 $3,566,150 Jun 2024 15,503 SF
175 Hamilton, Gilbert, AZ 85233-5508 $925,000 May 2024 16,152 SF
61 William Dillard, Gilbert, AZ 85233-5501 $1,850,000 Jan 2021 14,861 SF
175 Hamilton Pl, Gilbert, AZ 85233-5507 $430,760 Jan 2019 16,152 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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