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Property profile & analytics
OFF-MARKET
Office Spaces
1425 Elliot Rd, Gilbert, AZ 85233-5129
Individually Owned
1-yr Hold
Free & Clear
Property ID
US07-1969493
Property summary
AI-generated overview
This exceptional Gilbert, Arizona office space, located at 1425 W Elliot Rd, Suite 107, offers a variety of options within a Class B building constructed in 2005. The property, situated on 68 acres and encompassing 1,700 total square feet, features a single two-story building with 29,570 total suites. Currently, 250 square feet of vacant space is available for lease, divisible into units as small as 125 square feet and up to a contiguous 250 square feet. Two private offices are immediately available
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
4.35 ac (189,279 SF)
Zoning code
SC
APN
302-35-373
UPID
US07-1969493
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
NNS Maintenance LLC Landscaping General Contractor
-
Christian A. Gonzalez, LMFT Counselor
-
Get Creative Therapy, LLC Foster Care Service Social Service Agency
-
Elizabeth & Associates, LLC Crisis Center Medical Clinic
-
Children's Oasis Pediatrics Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Steven L Nielsen · 1 yrs held
Steven L Nielsen
since 2024
7 recorded transactions
Zoning & alternative use
SC · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gilbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilbert submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$83
Assessed 2024
Previous assessed
$85
-2.4% YoY
Land market value
$500
Total market value
$500
Applied tax rate
410,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Lot
4.35 ac (189,279 SF)
Zoning code
SC
APN
302-35-373
UPID
US07-1969493
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Gilbert, AZ
Zoning SC · permitted uses
SC · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilbert. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
4.35 ac
Current owner
From public records · entity-resolved
Steven L Nielsen
Individual
Free & Clear · 1 yrs held
Mailing address
1129 S OAKLAND STE #101, MESA, AZ 85206-2684
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
Cdt Kids
—
Deed
related
$343,000 · Arizona Bank & Trust
Aug 30, 2024
—
Steven L Nielsen
Nielsen Wealth Management LLC
Deed
related
—
Dec 22, 2023
—
Oasis Office LLC
Ron Stocks
Warranty Deed
—
Nov 30, 2023
$670,000
Dime Holdings LLC
Hhb Vii LLC
Special Warranty Deed
$536,000 · Midfirst Bank
Dec 20, 2021
$770,000
Tatyana LLC
Lakshmi Estates LLC
Special Warranty Deed
—
Jan 8, 2021
—
Lakshmi Estates LLC
—
Deed
related
$185,000 · Wells Fargo Bank NA
Oct 9, 2020
—
Cdt Kids
—
Deed
related
$376,000 · Oneaz Cu
Jan 16, 2020
—
Mahi LLC
—
Deed
related
$628,000 · Sunflower Bk
Feb 11, 2019
$425,000
H L Muney LLC
Ganapati Deva Real Estate LLC
Special Warranty Deed
$361,250 · First Citizens Bank & Trust Co
Aug 29, 2018
—
Cdt Kids
—
Deed
related
$300,000 · Arizona Bank & Trust
Jul 18, 2018
$370,000
Cdt Kids
Siasam LLC
Deed
related
—
Jun 21, 2018
$370,000
Cdt Kids
Siasam LLC
Special Warranty Deed
$300,000 · Arizona Bank & Trust
Aug 7, 2017
—
Mahi LLC
—
Deed
related
$302,403 · Midfirst Bk
Feb 3, 2017
—
Rezakhan Properties LLC
—
Deed
related
$276,250 · First Citizens Bank & Trust Co
Jan 25, 2017
—
Hhb Vii LLC
Oasis 1031 LLC
Quitclaim Deed
related
—
Dec 28, 2016
$325,000
Rezakhan Properties LLC
Aker,shawn
Warranty Deed
—
Aug 16, 2016
$230,000
Oasis 1031 LLC
Glauser Investments LLC
Grant Deed
—
Jun 10, 2014
$474,808
N Patel Properties LLC
Lyde J Adams
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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