About the market
Space Available
Located in the southern section of Gilbert, surrounded by highly desirable residential neighborhoods, the site will provide quick access to the 202 Loop (half mile) for an easy commute around the greater Phoenix MSA.
Proximity to high end housing including The Estates at the Spectrum and Claxton Harvey Western Ranchettes have homes sales between $600k-$900k over the last six months. Located on the hard corner of South Val Vista Dr. (10,782 vehicles per day “VPD”) and Germann Rd. (8,431 VPD) the site will deliver the option for numerous commute options to employment and entertainment. Proximity to the 202 Loop (124,409 VPD) will provide ease of access to destinations in the Phoenix MSA, not located in the immediate neighborhoods.
Within five miles of the mixed-use site (population – 292,732), the average household income is $141,523 and the average home value is $413,355. The forecasted population growth is 2.2% compared to 1.58% in the greater MSA.
Demographics
2022 Estimated Population
| Radius | Total Population | Daytime Population |
|---|---|---|
| 1 mile | 6,829 | 7,767 |
| 3 mile | 90,959 | 81,775 |
| 5 mile | 292,732 | 233,728 |
2022 Estimated Household Income
| Radius | Average HHI | Median HHI |
|---|---|---|
| 1 mile | $167,452 | $130,058 |
| 3 mile | $152,361 | $119,103 |
| 5 mile | $141,523 | $110,750 |
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