Financial
Distress signals
Property profile

1660 Higley Rd Gilbert, AZ 85234

OFF-MARKET
Strip malls
Property ID
US07-1228413
7,560 SF 1.07 ac lot Built 2007
Last sale Dec 2024 · $4,606,000
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. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 7,500 square foot retail center in Gilbert, Arizona, presents a compelling investment opportunity. Boasting a 6.00% cap rate and 100% occupancy, the property generates a substantial net operating income (NOI) of $284,574. The center is strategically located on Higley Road, a high-traffic area with over 54,000 vehicles daily, and benefits from its shadow-anchoring by Sprouts Farmers Market. Approximately 87% of the gross leasable area (GLA) is occupied by Banner Urgent Care

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?
$24k
Tax billed · 2023
Assessed value · 2024$368k
Effective rate6.47%

Value estimate

· Sep 2026
$2.93M
$2.63M – $3.22M
Sales comparison$2.99M

Realmo valuation models over county records and 5 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 comparables5

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?
R-3
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 Supply23.9
Wholesale Shop19.4
Auto Repair Shop18.8

Location

1660 Higley Rd Gilbert, AZ 85234-1614
County assessor Recorded deeds · 13 transfers 5 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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