Property profile

1501 Recker Rd Gilbert, AZ 85234

OFF-MARKET
Warehouses
Property ID
US07-1143799
18,020 SF 4.41 ac lot Built 2004
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2004
Total area 18,020 SF
Lot 4.41 ac (192,274 SF)
Zoning code C-C
APN 309-05-482A
UPID US07-1143799

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
  • Gas Station
  • Storage Facility
  • Hardware & Home Improvement
  • Auto Repair Shop
  • Party Supply Store Rental Equipment Company

Location

1501 Recker Rd Gilbert, AZ 85234-0158
Gilbert metro Census 422622 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
$4.57M
Blend (final) Blend
$675k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-C · Gilbert, AZ
Top alternative use upside
Retail stores $6.6M +95.8%
Neighborhood: shopping center $6.6M +94.1%
Medical building $4.6M +36.3%

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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