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Property profile & analytics
OFF-MARKET Estimated value $1,855,000
Drive through restaurants

748 Gilbert Rd Gilbert, AZ 85234-4723

3,277 SF 1 ac lot Built 2001
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-0718400
Property summary
AI-generated overview

This exceptional 3,277 square foot grocery store building presents a rare investment opportunity in the thriving Gilbert, Arizona market. Located at 748 N Gilbert Rd, this property boasts a highly desirable drive-thru, a significant advantage for any retail operation. Situated on a one-acre parcel, the building benefits from 46 existing parking spaces, ensuring ample customer convenience. The property's strategic location offers exceptional visibility and accessibility, with convenient proximity to downtown Gilbert and exposure to a substantial daily traffic count of 25,130 vehicles along Gilbert Road. Currently zoned for commercial use, this property offers significant potential for redevelopment, catering to a wide range of retail or commercial ventures. The asking price is $2,000,000. This is a unique chance to acquire a well-positioned, established property in a rapidly growing area, offering both immediate income potential and long-term growth prospects. The property's existing infrastructure and prime location make it an attractive investment for both seasoned investors and those seeking a strong foothold in the Arizona commercial real estate market. Don't miss this opportunity to own a piece of Gilbert's vibrant commercial landscape.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2001
Construction STEEL FRAME
Total area 3,277 SF
Lot 1 ac (43,544 SF)
Zoning code C-C
APN 302-14-619A
UPID US07-0718400
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
Current use
Occupant on record · Public records
  • Kung Pow Restaurant Bar & Pub
  • Kung Pow Restaurant
  • Slim Chickens Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.95M
Blend (final) Blend
$1.86M
Owner & transaction history
Kind Properties II LLC · 1 yrs held
Kind Properties II LLC
since 2025
Last sale
$1.8M
7 recorded transactions
2025
Price N/A
2025
$1.8M
2016
Price N/A
2016
$1.4M
2010
Price N/A
2003
$1.1M
2003
$1.6M
Zoning & alternative use
C-C · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Layer: Zoning (ID: 8)
Top alternative use upside
Commercial (general) $2.6M +46.1%
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