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Financial
Distress signals
Property profile

1355 N Mondel Dr Gilbert, AZ 85233

FOR LEASE
Other industrial properties
Property ID
US07-0086652
6,850 SF 0.5 ac lot Built 1998
Last sale Jul 2026 · $2,215,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a specialty, freestanding commercial building with an associated exterior yard. The total improvements are approximately 6,861 square feet and were constructed in 1998. It is located at 1355 N Mondel Dr in Gilbert, Arizona, and provides both enclosed building space and exterior yard space for activities associated with commercial use.

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$190k
Effective rate4.84%

Value estimate

· Oct 2026
$1.09M
$981k – $1.20M
CAP approach$760k
Submarket $/SF estimate$1.35M
NOI build-up
Gross scheduled income$95k
Vacancy & credit loss−$24k
Operating expenses−$21k
NOI · 3,545,857.14% cap applied$50k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$154/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$57 – $197
Qualifying comparables5

Cap rate analysis

How does the asset earn?
3,545,857.14%
$50k 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?
LI
The intent of the Light Industrial zoning district is to provide for wholesale and warehousing uses as well as those manufacturing uses t...
General categoryINDUSTRIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Hotel & Motel
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hotel & Motel13.6
Parking Facility13.4
Pharmacy12.6

Location

1355 N Mondel Dr Gilbert, AZ 85233
County assessor Recorded deeds · 9 transfers 5 qualifying comp sales 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
623 Commerce, Gilbert, AZ 85233-4307 $1,000,000 Mar 2026 5,860 SF
1310 Acacia, Gilbert, AZ 85233-1832 $1,637,500 Jan 2026 6,158 SF
955 Fiesta, Gilbert, AZ 85233-2807 $3,589,955 Jul 2025 12,832 SF
1325 Hobson, Gilbert, AZ 85233-1208 $1,500,000 May 2025 7,120 SF
1457 Harvard, Gilbert, AZ 85233-3001 $2,810,000 May 2025 5,936 SF
1316 San Pedro, Gilbert, AZ 85233-2402 $1,950,000 Apr 2024 4,800 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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