732 W Commerce Ave, Gilbert, AZ 85233

Small-Bay Industrial · Gilbert · Phoenix metro, AZ

One of 315 reachable small-bay industrial buildings in Gilbert. Larger than 10% of small-bay industrial buildings in Gilbert (median 16,262 SF), derived from assessor records.

County gross building area
7,000 SF, Maricopa County Assessor
Lot size
27,143 SF, Maricopa County Assessor
Year built
1978, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Office/Retail Warehouse, Maricopa County Assessor
Assessed value
$1,194,100, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$170.59/SF, derived from assessor records
Building area / lot
0.26, derived from assessor records
Vintage
1970s vintage
County use code
OFFICE/RETAIL WAREHOUSE

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $1.36M (estimated market value), with a likely range of $1.09M to $1.61M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,194,100 times a 1.14 market ratio, measured from 3891 verified arm's-length sale prices vs county values (small-bay industrial sales in Gilbert, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 14 comparable sales within 3 miles; nearest 1.1 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 29% below the $272.34/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 14 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Industrial in Gilbert

median verified sale $236.69/SF over the trailing 24 months; 14 sales in the last 12 months and 32 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.99x to 1.50x their county full cash value, median 1.29x (32 sales with usable county values).

  • 2022: $204.46/SF median (13 sales)
  • 2023: $202.45/SF median (11 sales)
  • 2024: $240.18/SF median (17 sales)
  • 2025: $170.65/SF median (14 sales)

This estimate sits at 1.14x county full cash value, the 31st percentile of those recent sale premiums.

Computed from 198 verified arm's-length sales in Maricopa County public records (32 in the trailing 24 months). Free public records. Not an appraisal.

Value over time

$0$500K$1M$1.5M$2M20262027$1.36M$1.19MCounty assessed value

Dark line: county assessed value per Maricopa County tax rolls.

Land, site, and value history

Assessed value moved from $1,117,100 (2026) to $1,194,100 (2027), up 7% over 1 years, per county tax rolls. The 2027 roll splits $1,194,100 into $289,500 land and $904,600 improvements.