New search
Property profile & analytics
OFF-MARKET
Estimated value
$24,805,000
Flex space
4521 Warner Rd, Gilbert, AZ 85296
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0719585
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 4521 E Warner Rd, Gilbert, AZ 85296, offers 266,118 square feet of versatile manufacturing, warehouse, and distribution space across four buildings. Completed in 2023, the property sits on 19 acres and features a range of sizes, with a minimum divisible space of 57,166 square feet and a maximum contiguous space of 85,258 square feet. Currently, the entire 266,118 square feet is vacant and ready for immediate occupancy. The buildings boast impressive 28' to 32' clear ceiling heights, R38 insulation, and robust power capabilities of 2,000-2,500 amps (277/480v). ESFR sprinklers and ample parking (1.6 spaces per 1,000 square feet) are included. The property features truckwells and grade-level loading, an electric gated truck court, and is conveniently located on Warner Road, with access to Power & Warner Roads. Zoned LI (Light Industrial), the property's APN is 304-28-947 in Maricopa County. This is a prime opportunity for businesses seeking modern, efficient, and strategically located industrial space in the thriving Gilbert market.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2023
Total area
114,564 SF
APN
304-28-947
UPID
US07-0719585
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
$24.81M
Blend (final)
Blend
$24.81M
Owner & transaction history
Uscif Hopewell Gateway 202 Owner LP · 2 yrs held
Uscif Hopewell Gateway 202 Owner LP
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$29.3M
+65.7%
Warehouse, storage
$21.5M
+21.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gilbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilbert submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$17,670,000
Current use
MEDICAL BUILDING
$29,280,000
Change: +66% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,480,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$24.81M
Range $22.32M – $27.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$217 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,726
Tax year 2023
Assessed value
$3,694,379
Assessed 2024
Effective rate
0.10%
On assessed value
Land market value
$5,866,000
Improvement market value
$16,524,173
Total market value
$22,390,173
Applied tax rate
600,605.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2023
Buildings
4
Stories
1
Total area
114,564 SF
APN
304-28-947
UPID
US07-0719585
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$17.7M
MEDICAL BUILDING
Est. value
$29.3M
WAREHOUSE, STORAGE
Est. value
$21.5M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Stories
1
Buildings
4
Current owner
From public records · entity-resolved
Uscif Hopewell Gateway 202 Owner LP
Entity
Free & Clear · 2 yrs held
Mailing address
2929 N CENTRAL AVE FL #2, PHOENIX, AZ 85012-2782
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2023
—
Uscif Hopewell Gateway 202 Owner LP
Uscif Hopewell Gateway 202 Owner LP
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4521 Warner Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
