Property profile

1459 Higley Rd 59 Gilbert, AZ 85296

OFF-MARKET
Medical Office Space
Property ID
US07-2821381
9,932 SF 0.23 ac lot Built 2007
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2007
Construction STEEL FRAME
Total area 9,932 SF
Lot 0.23 ac (10,098 SF)
Zoning code SC
APN 304-28-795
UPID US07-2821381

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
  • Physician Medical Clinic
  • Medical Clinic Skin Care Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

1459 Higley Rd, Unit 59 Gilbert, AZ 85296-5046
Gilbert metro Census 814802 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
$3.65M
Blend (final) Blend
$2.92M

Owner & transaction history

since 2018
7 recorded transactions
2018
$2.9M
2018
Price N/A
2017
$1.2M
2016
$1.2M
2015
$2.1M
2012
Price N/A
2011
Price N/A

Zoning & alternative use

SC · Gilbert, AZ
Zoning description

The Shopping Center zoning district permits a group of medium to large retail, offices and other commercial establishments that are planned, developed, and managed as a single property. Site features, amenities and on si…

General category COMMERCIAL
Top alternative use upside
Restaurant $5.5M +114.9%
Auto repair, garage $4.4M +73.7%
Retail stores $3.6M +43.6%

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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