Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1095 Melody Ave Gilbert, AZ 85233

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1095 Melody Ave Gilbert, AZ 85233

    View on Map
    • Distribution centers
    • 21,417 SF
    Off-Market
    Property ID
    US07-3067811
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 1095 Melody Ave

    Property size
    21,417 SF
    Property type
    Distribution centers

    Description

    This exceptional 21,417-square-foot industrial warehouse space is situated in the desirable Chandler N Gilbert Ind submarket of Gilbert, Arizona. Located at 1095 W Melody Ave, zip code 85233, this property offers a single, expansive suite currently available for lease. The building is a new construction, currently under construction and pre-leasing. The property is classified as an industrial shell building, providing a blank canvas for tenants to customize the space to their specific operational needs. The building's total square footage is 21,417 square feet, with the entire space currently vacant. This presents a unique opportunity for businesses seeking a large, flexible warehouse in a prime location within Maricopa County. The property's address is easily accessible, offering convenient transportation links for efficient logistics and distribution. The "Chandler N Gilbert Ind" submarket is known for its strong industrial presence and robust infrastructure, making it an attractive location for various industrial operations. This is a rare opportunity to secure a brand-new, sizable warehouse in a thriving Arizona market. Interested parties should inquire promptly to secure this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.813608
    Latitude
    33.375519

    Comparable in this City

    • Contact for pricing

      Gilbert Industrial Warehouse Sub-Lease

      Industrial warehouse with office space available for sub-lease.
      1025 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing

      Gilbert Flex Space Available

      Flex/Industrial/Office space available for lease in Gilbert, Arizona.
      1015 North Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $1.25 SF/Yr

      Air Conditioned Industrial Suites Available

      Industrial suites for lease with air conditioned office and warehouse.
      1548 N Tech Blvd, Gilbert, AZ 85233
      View Details
    • $1.25 SF/Yr

      Industrial Space in Growing Area

      Industrial space for lease in booming Gilbert/Queen Creek area.
      700 N Golden Key St, Gilbert, AZ 85233
      View Details
    • $1.50 SF/Yr

      New Industrial Building For Lease

      New industrial building under construction, available for lease in Gilbert.
      350 S Hamilton Ct, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      25,920 SF

      Secured Yard Warehouse Space

      25,920 SF warehouse with secured yard in Gilbert, AZ.
      1400 N Fiesta Blvd, Gilbert, AZ 85233
      View Details

    Similar Nearby for Sale

    • $959,000
      3,205 SF

      Gilbert Industrial Condo - $959K

      3,205 SF Industrial Condo, Excellent Location
      925 Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $3,200,000
      11,424 SF

      Gilbert Warehouse with Leaseback Option

      11,424 SF warehouse in Gilbert, Arizona, for sale.
      105 N Pasadena St, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      3,248 SF

      Gilbert Industrial Condo For Sale

      Industrial condo available for sale in Gilbert, Arizona.
      925 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $3,260,000

      Gilbert Warehouse with Yard Space

      Industrial warehouse with heavy office and yard space for sale.
      175 S Hamilton Pl, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      2,374 SF

      Gilbert Warehouse Space For Sale

      Industrial warehouse space available for sale in Gilbert, Arizona.
      219 S William Dillard Dr, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      13,672 SF

      Spacious Warehouse with Gated Yard

      Large warehouse with heavy power, A/C, and gated yard.
      2065 W Obispo Ave, Gilbert, AZ 85233
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Gilbert Industrial Warehouse Sub-Lease

      Industrial warehouse with office space available for sub-lease.
      1025 N Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • Contact for pricing

      Gilbert Flex Space Available

      Flex/Industrial/Office space available for lease in Gilbert, Arizona.
      1015 North Mcqueen Rd, Gilbert, AZ 85233
      View Details
    • $1.25 SF/Yr

      Air Conditioned Industrial Suites Available

      Industrial suites for lease with air conditioned office and warehouse.
      1548 N Tech Blvd, Gilbert, AZ 85233
      View Details
    • $1.25 SF/Yr

      Industrial Space in Growing Area

      Industrial space for lease in booming Gilbert/Queen Creek area.
      700 N Golden Key St, Gilbert, AZ 85233
      View Details
    • $1.50 SF/Yr

      New Industrial Building For Lease

      New industrial building under construction, available for lease in Gilbert.
      350 S Hamilton Ct, Gilbert, AZ 85233
      View Details
    • Contact for pricing
      25,920 SF

      Secured Yard Warehouse Space

      25,920 SF warehouse with secured yard in Gilbert, AZ.
      1400 N Fiesta Blvd, Gilbert, AZ 85233
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1095 Melody Ave
    Gilbert, AZ 85233
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!