Technical
Financial
Distress signals
Property profile

5651 Higley Rd Gilbert, AZ 85298

OFF-MARKET
Commercial land
Property ID
US07-2332810
13.85 ac lot
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a 13.16-acre infill retail site configured as a build-to-suit development opportunity for an approximately 80,000-square-foot discount retail or thrift store. The site is also described as suitable for uses such as a gas station, quick-service restaurant, or car wash. The property has potential for rezoning to Commercial Zoning, which would affect the range of allowable uses.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 13.85 ac (603,266 SF)
Zoning code SC
APN 304-69-027Y
UPID US07-2332810

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5651 Higley Rd Gilbert, AZ 85298
Gilbert metro Census 816401 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2017
Price N/A

Zoning & alternative use

SC · Gilbert, AZ
Zoning description

The Shopping Center zoning district permits a group of medium to large retail, offices and other commercial establishments that are planned, developed, and managed as a single property. Site features, amenities and on si…

General category COMMERCIAL

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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