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    OFF-MARKET
    Commercial real estate

    3142 Queen Crk Rd, Gilbert, AZ 85297-8402

    1 ac lot Built 2007
    Individually Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US07-2501791
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 3142 E Queen Creek Rd, Gilbert, AZ 85297, at the Northwest corner of Queen Creek Road and Higley Road. The property, known as the Higley Pavilion, is a multi-tenant retail building totaling 315,000 square feet. Currently, a significant 19,669 square feet of retail space is available for lease. This expansive storefront offers unparalleled visibility and accessibility due to its prime location in a high-traffic area of Gilbert, Maricopa County. The lot size mirrors the available space at 19,669 square feet, providing ample room for various retail uses. The property's classification as a storefront within a larger retail center ensures high foot traffic and potential for synergistic business relationships with neighboring tenants. This presents a unique chance to establish or expand a retail presence in a thriving Gilbert commercial district. The property's size and location make it ideal for a variety of retail concepts, offering significant potential for growth and success. Interested parties are encouraged to inquire for further details and leasing information.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2007
    Lot 1 ac (43,560 SF)
    Zoning code GC
    APN 313-03-982
    UPID US07-2501791
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Robert Gordon · 10 yrs held
    Robert Gordon
    since 2016
    1 recorded transaction
    2016
    $3.0M
    Zoning & alternative use
    GC · Gilbert, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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