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    15234 Melrose St Gilbert, AZ 85297

    For Sale
    Contact for pricing

    40,000 SF, 2.5-Acre Lot, NNN Lease

    Property size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Gilbert, Arizona property offers a prime 2.5-acre lot ideally suited for a medical office development. Zoned Business Park (BP), the site boasts utilities to the lot line, making construction efficient and cost-effective. The proposed two-story building encompasses 40,000 square feet, divisible into smaller spaces ranging from 1,650 to 20,000 contiguous square feet. A Net Net Net (NNN) lease structure is available, providing flexibility for tenants. This development opportunity is situated in a thriving healthcare hub, close to major medical facilities and convenient to Loop 202 San Tan Freeway. The site is ready for immediate development, offering a gray shell delivery. The property's location provides scenic mountain views and excellent accessibility, making it an attractive proposition for medical professionals and investors alike. Contact us for pricing and lease details.

    Property Features for 15234 Melrose St

    General Information

    Property type
    Medical offices
    Square Feet
    40,000 SF
    Lot Size
    108,900 SF

    HighLights

    • Two proposed two‑story medical office buildings totaling 40,000 square feet.
    • 2.5‑acre lot with utilities to the lot line.
    • Business Park (BP) zoning.
    • Located in Gilbert, Arizona, near major healthcare facilities and the Loop 202 San Tan Freeway.
    • Available for sale or lease; 1,650 to 20,000 square feet of contiguous space available for lease.
    Property Profile Insight Report 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
    -111.753969
    Latitude
    33.282302

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    FAQs

    What type of property is this?
    Medical office - 40,000 SF, 2.5-Acre Lot, NNN Lease
    Where is this medical office located?
    The property is located at 15234 Melrose St Gilbert, AZ.
    What are key features of this property?
    This property features: Two proposed two-story medical office buildings totaling 40,000 square feet.; 2.5-acre lot with utilities to the lot line.; Business Park (BP) zoning.
    Request Owner's contact information
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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
    15234 Melrose St Gilbert, AZ 85297
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