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    15256 Melrose St Gilbert, AZ 85297

    Sponsored
    For Sale
    Contact for pricing

    Prime 1.25-acre medical development site

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.25-acre parcel in Gilbert, Arizona, presents a remarkable opportunity for medical development. Located in Maricopa County, at 15256 E Melrose St, zip code 85297, this property boasts a Business Park (BP) zoning designation, making it ideal for a variety of medical uses. The lot is improved with utilities readily available at the lot line, simplifying the development process. The site offers flexible delivery options and is situated in a thriving healthcare hub, just one block south of the Loop 202 San Tan Freeway, providing convenient access and high visibility. The total buildable square footage is 20,000 square feet, suitable for a two-story medical office building. This location benefits from scenic mountain views and is surrounded by numerous medical facilities, including Mercy Gilbert Medical Center, Ironwood Women’s Centers, and Southwest Kidney Institute, ensuring a strong patient base and synergistic environment. The property's strategic location and zoning make it an attractive investment for developers seeking to capitalize on the growing demand for medical services in this dynamic area. Contact us today to discuss pricing and explore the possibilities of this exceptional development opportunity.

    Property Features for 15256 Melrose St

    General Information

    Property type
    Medical offices
    Square Feet
    20,000 SF
    Lot Size
    54,450 SF

    HighLights

    • 1.25‑acre medical development opportunity in Gilbert, AZ's healthcare hub, near Mercy Gilbert Medical Center and other medical facilities.
    • Two 2‑story medical office building pads totaling 40,000 square feet (two 20,000 SF buildings) and one 4‑story hotel/assisted living pad totaling 60,735 square feet (122 rooms).
    • Business Park (BP) zoning.
    • Utilities available to the lot line.
    • Price available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -111.753429
    Latitude
    33.2823018

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    FAQs

    What type of property is this?
    Medical office - Prime 1.25-acre medical development site
    Where is this medical office located?
    The property is located at 15256 Melrose St Gilbert, AZ.
    What are key features of this property?
    This property features: 1.25-acre medical development opportunity in Gilbert, AZ's healthcare hub, near Mercy Gilbert Medical Center and other medical facilities.; Two 2-story medical office building pads totaling 40,000 square feet (two 20,000 SF buildings) and one 4-story hotel/assisted living pad totaling 60,735 square feet (122 rooms).; Business Park (BP) zoning.
    Request Owner's contact information
    15256 Melrose St Gilbert, AZ 85297
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    Gilbert, AZ 85297
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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
    15256 Melrose St Gilbert, AZ 85297
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