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Property profile & analytics
OFF-MARKET
Medical Office Space
1704 Boston St 119 Gilbert, AZ 85295-6223
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1075593
Property summary
AI-generated overview
This exceptional 4,412 square foot Class B medical office building, located at 1704 E Boston St, Gilbert, AZ 85295 (APN: 304-46-935
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
STEEL FRAME
Total area
4,366 SF
Lot
0.05 ac (2,165 SF)
Zoning code
R-3
APN
304-46-935
UPID
US07-1075593
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
-
Arizona Pain - SanTan Surgery Center Medical Clinic Hospital
-
Silverleaf Surgical Center Medical Clinic Hospital
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
Boston Com LLC · 1 yrs held
Boston Com LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
R-3 · 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
Tax billed
$5,282
Tax year 2023
Assessed value
$109,973
Assessed 2024
Previous assessed
$76,534
+43.7% YoY
Effective rate
4.80%
On assessed value
Land market value
$133,300
Improvement market value
$533,200
Total market value
$666,500
Applied tax rate
410,609.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,366 SF
Lot
0.05 ac (2,165 SF)
Zoning code
R-3
APN
304-46-935
UPID
US07-1075593
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Gilbert, AZ
Zoning R-3 · permitted uses
R-3 · 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
Year built
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Boston Com LLC
Entity
Mailing address
3240 E UN HLS DR STE #131, PHOENIX, AZ 85050-2629
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$3,500,000
Boston Com LLC
Orion Realty Group LLC
Special Warranty Deed
$2,315,000 · Pima FCU
Mar 6, 2024
—
Orion Realty Group LLC
—
Deed
related
$2,000,000 · Pinnacle Bank
Apr 7, 2023
$2,350,000
Orion Realty Group LLC
Santan Surgery Center Real Estate L
Special Warranty Deed
—
May 11, 2021
—
Santan Surgery Center Real Estate L
—
Deed
related
$940,000 · Bell Bank
Mar 10, 2011
$654,900
Santan Surgery Center Real Estate L
Fnbn Utaz LLC
Special Warranty Deed
$1,200,000 · Wells Fargo Bank NA
Dec 30, 2010
—
Fnbn Utaz LLC
Boston Pv Dev INC
Grant Deed
related
—
Apr 25, 2007
—
Boston Pv Dev INC
Owner Name Unavailable
Grant Deed
related
—
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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