Property profile

2845 Riggs Rd Gilbert, AZ 85298

OFF-MARKET
Warehouses
Property ID
US07-2441046
135,670 SF 3.58 ac lot Built 2018
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2018
Construction CONCRETE
Total area 135,670 SF
Lot 3.58 ac (156,080 SF)
Zoning code GC
APN 304-86-967
UPID US07-2441046

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
  • Storage Facility

Location

2845 Riggs Rd Gilbert, AZ 85298-0912
Gilbert metro Census 816004 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$29.65M
Blend (final) Blend
$10.01M

Owner & transaction history

since 2022
2 recorded transactions
2022
$1.1M
2019
$10.0M

Zoning & alternative use

GC · Gilbert, AZ
Zoning description

General Commercial zoning district tends toward a mix of retail and office uses that are developed independently and may not be dependent on one another. There are a broad range of uses permitted within GC that often fun…

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $49.4M +94.1%
Medical building $34.7M +36.3%
Office building $33.9M +33.3%

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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