Property profile

1015 Mcqueen Rd Gilbert, AZ 85233

OFF-MARKET
Warehouses
Property ID
US07-0606506
25,981 SF 3.75 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Gilbert, Arizona property, Fiesta Ranch Business Center II, offers flexible office and warehouse space ideal for a variety of businesses. Located at 1015-1025 North McQueen Road, 85233, in the Chandler N/Gilbert submarket of Maricopa County, this 26,000 square foot building boasts multiple tenancy options. Units range from a minimum of 2,937 square feet to a maximum contiguous space of 5,562 square feet, with 8,499 square feet currently vacant. The building, constructed in 1998, features high ceilings ranging from 16 to 18 feet, providing ample vertical space for storage or specialized equipment. The property is zoned LI-1 and offers generous parking with a ratio of 2.14 spaces per 1,000 square feet. Electrical service includes 400 Amps, 120/208V, 3-phase power. This versatile space is perfect for businesses requiring both office and warehouse functionality, offering a strategic location in a thriving Arizona market. The property is categorized as Office, Industrial, with subtypes including Executive Office, Warehouse, and Distribution, making it suitable for a wide range of commercial uses. Contact us today to learn more about leasing opportunities.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1998
Construction CONCRETE
Total area 25,981 SF
Lot 3.75 ac (163,240 SF)
Zoning code LI
APN 302-12-096
UPID US07-0606506

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Industrial Manufacturer
  • Corporate Office Factory
  • Corporate Office
  • Factory Production Facility

Location

1015 Mcqueen Rd Gilbert, AZ 85233-2321
Gilbert metro Census 422307 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.47M
Blend (final) Blend
$9.49M

Owner & transaction history

since 2021
Last sale
$8.9M
7 recorded transactions
2021
$8.9M
2017
Price N/A
2014
$3.8M
2011
$1.3M
1997
$406,925
1997
Price N/A
1995
$247,500

Zoning & alternative use

LI · Gilbert, AZ
Zoning description

The intent of the Light Industrial zoning district is to provide for wholesale and warehousing uses as well as those manufacturing uses that include fabrication, manufacturing, assembly or processing of materials that ar…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $11.5M +147.8%
Retail stores $9.5M +104.9%
Neighborhood: shopping center $9.5M +103.1%

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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