Property profile

1400 Gilbert Rd Gilbert, AZ 85234

OFF-MARKET
Office buildings
Property ID
US07-0406682
8,516 SF 1.29 ac lot Built 1983
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional Class B medical office building, Gilbert Cove, offers 27,492 square feet of space in the desirable Superstition Corridor of Gilbert, Arizona. Located at 1400 N Gilbert Rd, zip code 85234, this multi-tenant property boasts a generous parking ratio of 5.21 spaces per 1,000 square feet. Currently, there is 2,738 square feet of vacant space available, perfect for a medical practice seeking expansion or a new business looking for a well-established location. Built in 1983, the building is zoned C-1, allowing for a variety of medical uses. The property is situated in Maricopa County and benefits from its prime location within the thriving Superstition Corridor submarket. This presents a unique opportunity to establish or expand a medical practice in a high-demand area with ample parking and convenient access. The available space is ready for immediate occupancy and offers the potential for customization to meet specific needs. Interested parties should inquire about lease terms and availability. This is a rare opportunity to secure space in a well-maintained and strategically located medical office building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction CONCRETE
Total area 8,516 SF
Lot 1.29 ac (56,149 SF)
Zoning code GO
APN 304-10-963
UPID US07-0406682

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
  • Dental Office
  • Dental Office
  • Physician
  • Dental Office

Location

1400 Gilbert Rd Gilbert, AZ 85234-2328
Gilbert metro Census 422308 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.71M
Blend (final) Blend
$2.71M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2016
Price N/A
2016
$3.2M
2010
Price N/A
2003
$2.8M
2003
$2.8M
2002
$2.1M

Zoning & alternative use

GO · Gilbert, AZ
Zoning description

The General Office district is the most intensive office zoning district. Designated for large scale, single or multiple story medical, professional, general or service type office uses. The only residential land uses al…

General category MIXED_USE
Top alternative use upside
Auto repair, garage $3.8M +104.8%
Retail stores $3.1M +69.4%
Neighborhood: shopping center $3.1M +67.9%

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
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