Property profile

884 Warner Rd Gilbert, AZ 85233

OFF-MARKET
Strip malls
Property ID
US07-3428254
14,687 SF 0.69 ac lot Built 1998
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Bayshore Plaza, located at 884 W Warner Rd in Gilbert, Arizona (zip code 85233), offers exceptional retail and restaurant space for lease. This strip center comprises a total of 14,400 square feet, situated on a generous 29,867 square foot lot in the Gilbert Ret submarket of Maricopa County. The property currently features two suites, with a total of 2,495 square feet currently vacant. Individual suite sizes range from a minimum of 1,200 square feet to a maximum contiguous space of 1,295 square feet, providing flexibility for various business needs. The property's prime location in Gilbert offers excellent visibility and accessibility, making it an ideal opportunity for businesses seeking a thriving retail environment. This is a multi-tenant property, presenting a chance to establish a presence in a well-maintained and established center. The property's address is easily accessible from major roadways, ensuring high traffic flow and convenient access for customers. Interested parties are encouraged to inquire about lease terms and availability. The property is categorized as a retail and restaurant space.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Construction CONCRETE
Total area 14,687 SF
Lot 0.69 ac (29,867 SF)
Zoning code CC
APN 302-96-942
UPID US07-3428254

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
  • Restaurant
  • Vocational School Training Center
  • Training Center Sports School
  • Hardware & Home Improvement Kitchen & Bath Showroom
  • Nail Salon

Location

884 Warner Rd Gilbert, AZ 85233-7264
Gilbert metro Census 422305 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
$3.08M
Comparable Approach Comparable
$3.25M
Blend (final) Blend
$4.11M

Owner & transaction history

since 2020
Last sale
$5.0M
7 recorded transactions
2020
$5.0M
2018
$4.3M
2013
$2.5M
2012
Price N/A
2005
$7.4M
2003
$5.2M
2001
Price N/A

Zoning & alternative use

CC · Gilbert, AZ
Zoning description

The purpose of Community Commercial zoning is to allow the integration of less intense small to medium scale businesses within proximity of neighborhoods. The uses permitted within CC are limited in size and scale and ar…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $6.5M +22.0%
Retail stores $5.4M +0.9%

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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