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    Property profile & analytics

    3380 S Power Rd Gilbert, AZ 85234

    • Warehouses
    • 24,342 SF
    • 14.19 lot acres
    For Sale
    View listing
    $1.75
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1466969
    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.

    Current Use by Public Records

    • Ice Creams Wheels and Tires / Auto Repair Shop
    • Valley Sounds / Electronics & Wireless Store / Auto Parts Store
    • Taylor's Boats Inc. / (Bike/Boat/Book/etc) Store
    • Expertec USA - Commercial Van & Truck Upfitter / Auto Parts Store
    • Red Mountain Lift Services / Big Box & Wholesale Store

    Property Details for 3380 S Power Rd

    Year built
    2022
    Lot size
    14.19 lot acres
    Property size
    24,342 SF
    Property type
    Warehouses
    APN
    304-16-956
    APU
    30416956

    Description

    Power Commerce Park, a Class A industrial property in Gilbert, Arizona, offers 12,171 square feet of immediately available space within a larger 146,052 square foot building. Completed in 2023, this state-of-the-art facility boasts a flexible design suitable for manufacturing, flex, or warehouse operations. The building features 18-foot ceilings, providing ample vertical space for storage and operations. With multiple tenants, this property offers a vibrant and collaborative environment. The 14.2-acre lot provides ample room for expansion and maneuvering. Conveniently located at 3380 S Power Rd, Gilbert, AZ 85234, near the intersection of Power Rd. & Elliot Rd., this property enjoys excellent access to major transportation arteries, including the Loop 202 Freeway and Phoenix-Mesa Gateway Airport. The property also benefits from its proximity to Arizona State University-Polytechnic Campus. The building offers 221 total parking spaces for employees and visitors. Power is supplied at 120/208 V. The property is zoned L-1 Light Industrial, allowing for a variety of uses. This is an exceptional opportunity to secure high-quality industrial space in a rapidly growing area. The available space is part of a larger, well-maintained complex, ensuring a professional and efficient work environment. Don't miss this chance to establish your business in a prime Gilbert location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,169,000
      Market price range: $2.82M - $6.17M
      AI Estimate
      $6,169,000
      Market price range: $2.82M - $6.17M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,565,000
      Current use
      RETAIL STORES
      $8,935,000
      Change: +96% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $8,860,000
      Change: +94% Conversion: Moderate
      MEDICAL BUILDING
      $6,220,000
      Change: +36% Conversion: Difficult
      OFFICE BUILDING
      $5,275,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.689
    Latitude
    33.355
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,411
    $0.00
    $0.00
    $3,021,398
    -
    $5,043,000
    $13,268,505
    $18,311,505

    Comparable in this City

    • Value Estimation
      $18,455,000
      72,814 SF

      1230 Gilbert Rd

      MINI-WAREHOUSE, STORAGE • 72,814 SF
      1230 Gilbert Rd, Gilbert, AZ 85234-2307
      View Details
    • Value Estimation
      $1,445,000
      5,025 SF

      4305 Baseline Rd

      WAREHOUSE, STORAGE • 5,025 SF
      4305 Baseline Rd, Gilbert, AZ 85234-2848
      View Details
    • Value Estimation
      $4,570,000
      18,020 SF

      1501 Recker Rd

      MINI-WAREHOUSE, STORAGE • 18,020 SF
      1501 Recker Rd, Gilbert, AZ 85234-0158
      View Details
    • Value Estimation
      $17,215,000
      102,275 SF

      1485 San Benito Dr

      MINI-WAREHOUSE, STORAGE • 102,275 SF
      1485 San Benito Dr, Gilbert, AZ 85234-2169
      View Details
    • Value Estimation by Request
      1,920 SF

      3001 Baseline Rd, Unit B

      WAREHOUSE, STORAGE • 1,920 SF
      3001 Baseline Rd, Gilbert, AZ 85234
      View Details
    • Value Estimation
      $2,275,000
      8,967 SF

      375 Elliot Rd

      MINI-WAREHOUSE, STORAGE • 8,967 SF
      375 Elliot Rd, Gilbert, AZ 85234-6704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,141 SF

      Retail Property in Gilbert, Arizona

      Retail property available for sale in Gilbert, Arizona.
      4915 E Baseline Rd, Gilbert, AZ 85234
      View Details
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      Gilbert Land Parcel For Sale

      Land parcel in booming Gilbert, attractive demographics, strong transportation network.
      25208 S Higley Rd, Gilbert, AZ 85234
      View Details
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      Retail Pad with Drive-Thru Option

      Retail space for sale, lease, or build-to-suit with drive-thru.
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    • $2,436,180

      Land Parcel with Approved Plans

      Land parcel approved for multiple commercial buildings in Gilbert, Arizona.
      2761 E Baseline Rd, Gilbert, AZ 85234
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    • Contact for pricing
      10,000 SF

      Gilbert Land Parcel For Sale

      Land parcel in Gilbert, ideal for retail or restaurants.
      4750 S Val Vista Dr, Gilbert, AZ 85234
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    • $735,000
      0.05 Acres

      Gilbert Office Condo: Prime Location

      Move-in ready office, high traffic area.
      2915 Baseline Rd, Gilbert, AZ 85234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,509 SF

      Gilbert Warehouse with Truck Court

      Warehouse in Elliot Road Technology Corridor with ESFR sprinklers.
      9342 E Elliot Rd, Gilbert, AZ 85234
      View Details
    • $20 SF/Yr
      11,941 SF

      Gilbert Executive Office Space

      Prime Gilbert Office, 3,851-8,090 SF Available
      1420 Greenfield Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      2,897 SF

      Day Care Space in Gilbert

      Fully built-out day care space near downtown Gilbert.
      855-865 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Heritage District

      Retail space available near Downtown Gilbert's Heritage District.
      675 N Gilbert Rd, Gilbert, AZ 85234
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Banner Hospital

      Retail space near Loop 202 and Banner Gateway Hospital.
      5137 E Baseline Rd, Gilbert, AZ 85234
      View Details
    • $23 SF/Yr
      100,000 SF

      Medical Office Build-to-Suit Opportunity

      Medical office space for rent with easy highway access.
      3325 S Gilbert Rd, Gilbert, AZ 85234
      View Details
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    3380 S Power Rd
    Gilbert, AZ 85234
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    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
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