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    1425 W Elliot Rd Gilbert, AZ 85233

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    For Sale
    $1,250,000

    Two office suites, one vacant, one occupied, built in 2005.

    Property size:
    3,400 SF
    Lot size:
    0.03 Acres

    Property Features for 1425 W Elliot Rd

    General Information

    Size
    3,400 SF
    Lot size
    0.03 Acres

    Source: Menlo Group Commercial Real Estate Agent Jason Triano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Suites in Gilbert, Arizona

    This property, constructed in 2005, offers a blend of owner-user and investment opportunities. It comprises two suites: Suite 206, which is 1,500 square feet and currently vacant, features five private offices, a break room, a restroom, and a lobby (Parcel # 302-35-380). Suite 207, spanning 1,900 square feet, is occupied and generates a Net Operating Income (NOI) of $38,560. This suite includes seven private offices, a break room, a restroom, and a lobby (Parcel # 302-35-381). The current lease for Suite 207 expires in September 2026, with the tenant expressing interest in a potential renewal. The property's total size is 3,400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NNS Maintenance LLC Landscaper Christian A. Gonzalez, LMFT Counselor Get Creative Therapy, ... Social Worker Elizabeth & Associates, LLC Mental Health Service Children's Oasis Pediatrics Pediatrician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8204727
    Latitude
    33.3487591

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    FAQs

    What type of property is this?
    Office space - Two office suites, one vacant, one occupied, built in 2005.
    Where is this office space located?
    The property is located at 1425 W Elliot Rd Gilbert, AZ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Opportunity for owner-user or investment property.; - Suite 207 is currently occupied, generating an NOI of $38,560.; - Suite 206 is vacant, offering immediate occupancy for an owner-user.
    (480) 228-6137
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    Gilbert, AZ 85233
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1425 W Elliot Rd Gilbert, AZ 85233
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