647 Ray Rd Gilbert, AZ 85233-8408
Property profile & analytics
647 Ray Rd Gilbert, AZ 85233-8408
- Commercial land
- 1.25 lot acres
Property ID
US07-0160568
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.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 647 Ray Rd
- Lot size
- 1.25 lot acres
- Zone code
- C-C
- Property type
- Commercial land
- APN
- 302-83-963
- APU
- 30283963
Description
This exceptional 1.25-acre commercial property, located at 647 W Ray Rd in Gilbert, Arizona (zip code 85233, APN 302-83-963), presents a rare development opportunity. The property boasts 54,450 square feet of land zoned SC (Shopping Center), offering significant potential for retail development. Its prime location on Ray Road ensures high visibility and accessibility, attracting substantial traffic. The asking price is $575,000, translating to $11.02 per square foot. The seller is actively working to remove an existing egress easement across the property, a process expected to be finalized upon acceptance of an offer. This makes it an ideal investment for developers and entrepreneurs seeking to capitalize on Gilbert's thriving commercial market. The property's strategic location within Maricopa County benefits from Gilbert's robust economic environment and growing population, making it an attractive location for various commercial ventures. This is a chance to create a lucrative income-generating asset in a highly sought-after business district. The property's size and zoning provide flexibility for a range of development options, from a retail center to a mixed-use development. Don't miss this opportunity to secure a prime piece of Gilbert's commercial real estate landscape.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Gilbert
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.804
- Latitude
- 33.3201
- 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
$7,689
$0.00
$0.00
$119,625
-
$797,500
$0.00
$797,500
