Financial
Distress signals
Property profile

1534 E Ray Rd Gilbert, AZ 85296

FOR LEASE
Strip malls
Property ID
US07-0104975
24,208 SF 2.95 ac lot Built 2002
Last sale Aug 2021 · $6,100,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Western Skies Village Center, located at 1534 E Ray Rd, Gilbert, AZ 85296 (NWC Ray Road & Val Vista Drive), offers exceptional retail and restaurant opportunities in the thriving Gilbert Submarket of Maricopa County. This Class B shopping center, built in 2002, boasts a total of 24,128 square feet. Two spaces are currently available, ideal for a variety of uses. The spaces are divisible, with a minimum leasable area of 3,124 square feet and a maximum contiguous space of 3,403 square feet.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$40k
Tax billed · 2023
Assessed value · 2024$709k
Effective rate5.63%

Value estimate

· Sep 2026
$3.98M
$3.58M – $4.37M
CAP approach$5.07M
Sales comparison$5.75M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$364/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$222 – $562
Qualifying comparables4

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?
NC
Neighborhood Commercial zoning is intended for small commercial sites within or near residential neighborhoods. The emphasis of this zone...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.0
Law Firm11.6
Barber Shop10.5

Location

1534 E Ray Rd Gilbert, AZ 85296
County assessor Recorded deeds · 9 transfers 4 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 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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