Property profile

632 Commerce Ave Gilbert, AZ 85233

OFF-MARKET
Industrial properties
Property ID
US07-1311506
4,460 SF 0.63 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 1980
Construction STEEL FRAME
Total area 4,460 SF
Lot 0.63 ac (27,375 SF)
Zoning code LI
APN 302-15-012
UPID US07-1311506

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Interior Design

Location

632 Commerce Ave Gilbert, AZ 85233-4300
Gilbert metro Census 422401 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$878k
Blend (final) Blend
$885k

Owner & transaction history

since 2022
Last sale
$899,000
4 recorded transactions
2022
$899,000
1998
$225,000
1989
Price N/A
1969
Price N/A

Zoning & alternative use

LI · Gilbert, AZ
Zoning description

The intent of the Light Industrial zoning district is to provide for wholesale and warehousing uses as well as those manufacturing uses that include fabrication, manufacturing, assembly or processing of materials that ar…

General category INDUSTRIAL
Top alternative use upside
Medical building $1.1M +66.5%
Office building $990,000 +44.9%
Warehouse, storage $800,000 +16.7%

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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