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    1520 Guadalupe Rd Gilbert, AZ 85233

    Sponsored
    For Lease
    $24 SF/Yr ($13,560 /Mo)

    Upscale Gilbert medical office, 2700 sq ft available.

    Lot size:
    6,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional 2,700 square foot medical office space is located within the Shops at Fiesta Ranch in Gilbert, Arizona, a rapidly growing city recognized nationally for its robust expansion. Built in 2007, this property boasts a total of 6,780 square feet and is zoned C-2, offering a prime location within a thriving commercial area. The space is currently vacant and represents a unique opportunity for a medical professional seeking a high-visibility location. Situated as an end-cap unit, it benefits from excellent visibility and adjacency to Coury Medical, creating an ideal co-tenancy opportunity for businesses such as physical therapy, ancillary medical services, or dental practices. The surrounding area features affluent residential neighborhoods, ensuring a strong potential client base. The space is ready for immediate occupancy, allowing for complete customization to suit the tenant's specific needs. This is a rare chance to establish a presence in a desirable East Valley location within a well-established medical office complex. The minimum divisible space is 2,700 square feet, making it perfect for a single tenant seeking a substantial footprint. This property offers a blend of convenience, visibility, and growth potential in one of Arizona's most dynamic cities. The address is 1520 W Guadalupe Rd, Gilbert, AZ 85233.

    Property Features for 1520 Guadalupe Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,780 SF
    Total Rate
    13560

    Building Details

    Year Built
    2007

    Unit(s) available at that property

    Space
    Grey Shell Medical Office
    Size
    2,700 SF
    Rate per SF
    $24

    We can help!

    Listing Contact
    Mary Nollenberger
    Mary Nollenberger

    Learn more

    Property Insight Report

    HighLights

    • 2,000 SF of gray shell office space available for lease.
    • Medical office space opportunity in Gilbert, AZ.
    • Ideal for physical therapy practice.
    • High‑income area: over $124,586 annual household income within one mile.
    • High traffic count exceeding 56,000 vehicles per day.
    • Building features contemporary architecture.
    Property Profile Location Intelligence

    Current Use by Public Records

    TOGO'S Sandwiches Sandwich Shop Dr. Mary Andrews Doctor Gustin Stacy E ... Doctor Pete Coury Family ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8229031
    Latitude
    33.3649054

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    FAQs

    What type of property is this?
    Medical office - Upscale Gilbert medical office, 2700 sq ft available.
    Where is this medical office located?
    The property is located at 1520 Guadalupe Rd Gilbert, AZ.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 2,000 SF of gray shell office space available for lease.; Medical office space opportunity in Gilbert, AZ.; Ideal for physical therapy practice.
    Request Owner's contact information
    1520 Guadalupe Rd Gilbert, AZ 85233
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    Gilbert, AZ 85233
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1520 Guadalupe Rd Gilbert, AZ 85233
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    We can help!
    Listing Contact
    Mary Nollenberger
    Mary Nollenberger
    Real Estate License ID: AZ SA032121000
    Learn more
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