Property profile

219 S William Dillard Dr Gilbert, AZ 85233

FOR SALE
Warehouses
Property ID
US07-3109039
3.56 ac lot
Trust Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This ±3,144 square foot Class B industrial condo, built in 2005, is located in Gilbert Commons Business Center, Building 1. The space features one office, one conference room, an IT room, and one restroom. It boasts a 16-foot warehouse clear height, is fully air-conditioned (both evaporative cooling and a 15-ton AC unit are included), and offers a secure fenced yard of approximately 25' x 45'. The unit includes one grade-level drive-in door measuring 12' x 14'. Electrical service is robust, featuring 400 amps, 120/208V, and 3-phase power. The property is zoned I-1 and is ideal for a variety of industrial uses. The multiple tenancy structure offers flexibility. This well-maintained space provides a functional and efficient layout, perfect for businesses needing a combination of office and warehouse space. The convenient location within the Gilbert Commons Business Center offers easy access to major transportation routes and amenities. This is a rare opportunity to lease a well-equipped industrial condo in a desirable location. The property is ready for immediate occupancy.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 3.56 ac (155,178 SF)
Zoning code LI
APN 302-39-203
UPID US07-3109039

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
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Real Estate Agency
  • Car Wash
  • Car Wash

Location

219 S William Dillard Dr Gilbert, AZ 85233
Gilbert metro Census 422307 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
$1.1M
2025
$840,000
2025
$750,000
2025
Price N/A
2025
Price N/A
2025
$900,000

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

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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