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Property profile

15312 E Melrose St Gilbert, AZ 85297

FOR SALE
Commercial land
Property ID
US07-3118017
1,930 SF 2.36 ac lot Built 1983
Last sale Feb 2025 · $2,058,750
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2.5-acre site in Gilbert, Arizona, offers a prime opportunity for a 4-story hotel or assisted living development. The property boasts 60,735 square feet and is zoned Business Park (BP), ensuring a streamlined development process. Utilities are conveniently located at the lot line, minimizing infrastructure costs. Situated just one block south of the Loop 202 San Tan Freeway, this location provides unparalleled accessibility and visibility. The area is known for its thriving…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$223k
Effective rate3.69%

Value estimate

· Oct 2026
$2.66M
$2.39M – $2.93M

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$803/SF
County average, outlier-cleaned · 715 recorded sales of this use type
Observed band · Q1–Q3$179 – $2,823
Qualifying comparables15

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-BP
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.4
Wholesale Shop11.0
Parking Facility10.5

Location

15312 E Melrose St Gilbert, AZ 85297
County assessor Recorded deeds · 11 transfers 15 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
3745 Val Vis, Gilbert, AZ 85297-7304 $3,814,432 Aug 2024 No data
4710 Germann, Gilbert, AZ 85297-0205 $2,805,000 Jul 2024 No data
3409 Concord, Gilbert, AZ 85297-1501 $439,642 Jul 2023 No data
3663 155th, Gilbert, AZ 85297 $550,000 Jun 2023 1,349 SF
2048 Longhorn, Gilbert, AZ 85297-2082 $1,800,000 Apr 2022 1,944 SF
3347 Val Vis, Gilbert, AZ 85297-7329 $11,000,000 Apr 2021 156,235 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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