Technical
Financial
Distress signals
Property profile

1151 Gilbert Rd Mesa, AZ 85203

OFF-MARKET
Medical Office Space
Property ID
US07-3283774
3,887 SF 0.55 ac lot Built 1979
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Construction CONCRETE
Total area 3,887 SF
Lot 0.55 ac (23,767 SF)
Zoning code LC
APN 140-08-006A
UPID US07-3283774

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Waste Management Facility Hazardous Waste Disposal
  • Pediatrician Physician
  • Physician

Location

1151 Gilbert Rd Mesa, AZ 85203-5127
Mesa metro Census 420602 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$1.82M

Owner & transaction history

since 2023
Last sale
$1.5M
7 recorded transactions
2024
Price N/A
2023
$1.5M
2020
$1.1M
2018
Price N/A
2003
$528,000
1996
Price N/A
1996
$400,000

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.7M +68.2%
Neighborhood: shopping center $1.2M +18.9%
Retail stores $1.0M +0.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1151 Gilbert Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message