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Financial
Distress signals
Property profile

260 N Gilbert Rd Mesa, AZ 85203

FOR SALE
Strip malls
Property ID
US07-1368847
6,859 SF 0.56 ac lot Built 1984
Last sale May 2022 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This standalone office building contains 6,869 square feet and is configured to allow flexible subdivision into multiple spaces. The interior includes a 3,660-square-foot showroom and four additional suites, each approximately 800 square feet. Each suite has its own separate entrance and a private restroom. Constructed in 1984, the property is situated at 260 N Gilbert Rd in Mesa and lies between the 60 and 202 freeways, providing access to major regional routes; it is located within the LC District and can support office or retail-oriented layouts.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$124k
Effective rate7.51%

Value estimate

· Oct 2026
$1.10M
$990k – $1.21M
CAP approach$1.00M
Submarket $/SF estimate$1.14M
NOI build-up
Gross scheduled income$93k
Vacancy & credit loss−$6k
Operating expenses−$26k
NOI · 591.18% cap applied$61k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$311/SF
Submarket average, outlier-cleaned · 108 recorded sales of this use type
Observed band · Q1–Q3$133 – $658

Cap rate analysis

How does the asset earn?
591.18%
$61k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LC
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding re...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.0
Realty agency18.3
Hair Salon13.4

Location

260 N Gilbert Rd Mesa, AZ 85203
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1933 University, Mesa, AZ 85203-8297 $3,177,500 Dec 2022 12,654 SF
1940 University, Mesa, AZ 85203-8234 $7,000,000 Aug 2022 7,802 SF
515 Stapley, Mesa, AZ 85203-7283 $3,100,000 Oct 2021 10,800 SF
1242 Mckellips Rd, Mesa, AZ 85203-2764 $865,000 Jun 2021 6,000 SF
1863 Stapley, Mesa, AZ 85203-3004 $6,400,000 Feb 2020 7,980 SF
1229 Mckellips, Mesa, AZ 85203-2724 $6,400,000 Feb 2020 12,793 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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