Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5478 Power Rd Gilbert, AZ 85295
    Back to Search
    Property profile & analytics

    5478 Power Rd Gilbert, AZ 85295

    View on Map
    • Theaters & concert halls
    • 38,414 SF
    • 5.52 lot acres
    For Lease
    View Listing →
    Power Road Retail Center Opportunity For Lease
    Contact for pricing

    Power Road Retail Center Opportunity

    High-traffic retail spaces available now

    5478 Power Rd, Gilbert, AZ 85295
    View Listing
    Property ID
    US07-2446838
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Majestic Gilbert 8 / Cinema / Theater & Performing Art Venue

    Property Details for 5478 Power Rd

    Year built
    2019
    Construction
    CONCRETE
    Lot size
    5.52 lot acres
    Property size
    38,414 SF
    Zone code
    R-3
    Property type
    Theaters & concert halls
    APN
    304-39-964
    APU
    30439964

    Description

    This exceptional retail property, located at the southwest corner of Power Road and Ray Road in Maricopa County, offers three available suites within a larger 710,000 square foot center. The property boasts a prime location adjacent to two major power centers, anchored by established national retail and restaurant tenants, ensuring high visibility and foot traffic. Three suites are available, with a minimum divisible space of 4,000 square feet and a maximum contiguous space of 6,000 square feet. A total of 15,500 square feet is currently vacant, presenting a unique opportunity for businesses seeking immediate occupancy. The property's strategic location and substantial size make it an ideal investment for a variety of retail ventures. This is a multi-tenant building offering flexibility for businesses of varying sizes. The existing infrastructure and high-traffic location provide a strong foundation for success. The proximity to established national retailers and restaurants ensures a consistent flow of potential customers. This is a rare opportunity to secure prime retail space in a thriving commercial area. Contact us today to learn more about leasing options and explore the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.688
    Latitude
    33.3171
    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
    $159,045
    $0.00
    $0.00
    $2,759,146
    -
    $2,765,000
    $13,957,098
    $16,722,098

    Comparable in this City

    • Value Estimation
      $44,100,000
      50,212 SF

      1735 San Tan Vlg Pkwy

      BOWLING ALLEY • 50,212 SF
      1735 San Tan Vlg Pkwy, Gilbert, AZ 85295-0626
      View Details
    • Value Estimation by Request
      22,630 SF

      Williams Field Rd

      Retail properties & Spaces • 22,630 SF
      0 Williams Field Rd, Gilbert, AZ 85295
      View Details
    • Value Estimation by Request
      4,436 SF

      Cor Of Pecos Rd And Lindsay Rd

      Retail properties & Spaces • 4,436 SF
      0 Cor Of Pecos Rd And Lindsay Rd, Gilbert, AZ 85295
      View Details
    • Value Estimation by Request
      0.12 Acres

      Gilbert, AZ 85295

      COMMERCIAL (GENERAL) • 0.12 Acres
      Gilbert, AZ 85295
      View Details
    • Value Estimation by Request
      16.98 Acres

      1770 Ivanhoe St

      COMMERCIAL (GENERAL) • 16.98 Acres
      1770 Ivanhoe St, Gilbert, AZ 85295
      View Details
    • Value Estimation by Request
      5.44 Acres

      5618 Power Rd

      MEDICAL BUILDING • 5.44 Acres
      5618 Power Rd, Gilbert, AZ 85295-8480
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Established Asian Cuisine Restaurant

      Thriving restaurant with fully equipped kitchen in Gilbert, Arizona.
      2475 S Val Vista Dr, Gilbert, AZ 85295
      View Details
    • $6,651,924

      Gilbert Medical Office Investment Opportunity

      Single-tenant medical office building fully leased to Soar Autism Center.
      2314 S Val Vista Dr, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Prime Corner Lot in Gilbert

      Exceptional development opportunity on a prime corner lot.
      815 E Pecos Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Commercial Pads Near SanTan Mall

      Commercial land for sale near SanTan Mall, Gilbert, Arizona.
      Nec Williams Fld Rd & Loop 202 Fwy, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Pecos Road & Val Vista Drive, Gilbert, AZ 85295

      Retail properties & Spaces
      Pecos Rd & Val Vis Dr, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Retail Property in Gilbert, Arizona

      Retail property with significant square footage in Gilbert, Arizona.
      2870 S Market St, Gilbert, AZ 85295
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      4,530 SF

      Fitness Space in Gilbert, Arizona

      Prime location ideal for fitness and wellness tenants in Gilbert.
      2490 S Recker Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing
      7,000 SF

      Gilbert Retail Center - Prime Location

      7,000 SF Retail Space Available
      0 Nec Val Vis Dr & Pecos Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Professional Office Condo For Rent

      Office condo in Spectrum Professional complex, suitable for medical/professional businesses.
      3011 S Lindsay Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing

      Medical/Office Space in Gilbert, AZ

      New 7,500 SF medical/office space available for lease.
      S Higley Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing
      2,394 SF

      Retail Space Near ASU Polytechnic

      Retail space available near ASU Polytechnic and Loop 202.
      5378 S Power Rd, Gilbert, AZ 85295
      View Details
    • Contact for pricing
      4,926 SF

      Contemporary Office Space For Lease

      Class A office space available in a mixed-use environment.
      2174 E Williams Field Rd, Gilbert, AZ 85295
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5478 Power Rd
    Gilbert, AZ 85295
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5478 Power Rd, Gilbert, AZ, 85295
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!