Leased Medical Office
For Sale
$2,605,420
1482 E Williams Field Rd Ste 101 & 104, Gilbert, AZ 85295
Two fully leased office suites within The Forum @ Gilbert Ranch, offered together or separately for sale.
Property Size6,015 SF
Price / SF$433.15
Days on Market94
Property Features for 1482 E Williams Field Rd Ste 101 & 104
General Information
Standard status
Active
Size
6,015 SF
Property subtype
Office
Occupancy
100%
Building Details
Building Size
6,015 SF
Year Built
2008
Tenancy
Multi
Listing Agency:
Commercial Properties Inc
Listed By:
Matt Zaccardi · License #SA584155000
(602) 561-1339
Source:
Cpiaz
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 24 at 3:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Properties Inc
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Investment Insights
Based on property information with market context.
CPI presents the opportunity to acquire two commercial condominiums at 1482 E Williams Field Rd: Suites 101 and 104. The offering totals 6,015 SF and is available for purchase together as a single portfolio or separately, subject to individual pricing details provided by the listing agent.
The suites are located within The Forum @ Gilbert Ranch in Gilbert, Arizona. The property is described as fully leased, with long-term commitments from two established local tenants, including AZ Pediatric Assessment Center.
Suites 101 and 104 provide acquisition flexibility for buyers seeking a stabilized office asset with existing tenant occupancy.
The suites are located within The Forum @ Gilbert Ranch in Gilbert, Arizona. The property is described as fully leased, with long-term commitments from two established local tenants, including AZ Pediatric Assessment Center.
Suites 101 and 104 provide acquisition flexibility for buyers seeking a stabilized office asset with existing tenant occupancy.
Key Highlights
- Two premium commercial condominium office suites (Suites 101 & 104) totaling 6,015 SF
- Year built: 2008
- Both suites are fully leased with long‑term commitments from an established local tenant, AZ Pediatric Assessment Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,702
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,754,040
$1.8M
Cap Rate 7%
$1,252,886
$1.3M
Cap Rate 9%
$974,467
$974.5K
Market Conditions
NOI Build-Up for 6,015 SF
Gross rent
$145.1K $24.12/SF
− Vacancy
−$28.1K −$4.68/SF
EGI
$116.9K $19.44/SF
− OpEx
−$29.2K −$4.86/SF
NOI
$87.7K $14.58/SF
Area
Gilbert, AZ
Vacancy
19.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,754,040
Cap Rate 7%
$1,252,886
Cap Rate 9%
$974,467
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,702 @ 7.0% cap · market cap 3.37%
Second Best
Healthcare Medical
$1.17M
$1.02M – $1.36M
NOI $81,852 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,547 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 85295, AZ
51,587
Population
19,460
Households
2.7
Avg Household Size
33
Median Age
49%
College-Educated
97%
High-School Grad
12.1 sq mi
ZIP Area
4,263
Density / Sq Mi
$116,288
Median Household Income
$58,737
Median Earnings
$1,965
Median Rent
$527,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two fully leased office suites within The Forum @ Gilbert Ranch, offered together or separately for sale.
Where is this office unit located?
The property is located at 1482 E Williams Field Rd Ste 101 & 104 Gilbert, AZ.
What is the asking price?
The asking price for this property is $2,605,420.
What are key features of this property?
This property features: Two premium commercial condominium office suites (Suites 101 & 104) totaling 6,015 SF; Year built: 2008; Both suites are fully leased with long‑term commitments from an established local tenant, AZ Pediatric Assessment Center
