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    15234 E Melrose St Gilbert, AZ 85297

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    For Sale
    Contact for pricing

    Prime location near Loop 202 and Mercy Gilbert Medical Center.

    Property size:
    40,000 SF
    Lot size:
    2.37 Acres

    Property Features for 15234 E Melrose St

    General Information

    Size
    40,000 SF
    Lot size
    2.37 Acres

    Source: ORION Investment Real Estate Agent Michael Douglas

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

    Overview

    Medical Development Opportunity in Gilbert

    This commercial land, sized at 40000 square feet, presents a medical development opportunity in Gilbert, Arizona. The site is positioned within a healthcare hub, surrounded by numerous medical businesses, including Mercy Gilbert Medical Center, Ironwood Women’s Centers, and Southwest Kidney Institute. Located one block south of the Loop 202 San Tan Freeway, the property offers accessibility and scenic mountain views. The location is well-suited for medical development.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7539685
    Latitude
    33.2823024

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    FAQs

    What type of property is this?
    Commercial land - Prime location near Loop 202 and Mercy Gilbert Medical Center.
    Where is this commercial land located?
    The property is located at 15234 E Melrose St Gilbert, AZ.
    What are key features of this property?
    This property features: - Prime location in a healthcare hub with numerous established medical businesses.; - Conveniently located 1 block south of the Loop 202 San Tan Freeway, providing easy accessibility.; - Ideal for medical development.
    (480) 772-8870
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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
    15234 E Melrose St Gilbert, AZ 85297
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