Financial
Distress signals
Property profile

1757 Melrose St Gilbert, AZ 85297

OFF-MARKET
Medical Office Space
Property ID
US07-1315691
7,857 SF 0.96 ac lot Built 2020
Last sale Nov 2018 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years.
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Property summary

AI-generated overview

The property is a commercial land parcel located at 1757 E Melrose St in Gilbert, Arizona, positioned near Mercy Gilbert Medical Center and adjacent to the Loop 202 San Tan Freeway. The parcel is also situated near a mixed-use development and has medical development activity directly across the street, contributing to a health-oriented neighborhood environment. The surrounding area includes nearby healthcare employment and weekday activity, which may support compatible retail, service, or

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.

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?
$21k
Tax billed · 2023
Assessed value · 2024$448k
Effective rate4.68%

Value estimate

· Sep 2026
$535k
$482k – $589k
Submarket $/SF estimate$2.88M

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$256/SF
Submarket average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$168 – $367
Qualifying comparables19

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?
BP
This district permits integrated campus style office development serving high technology, research and development, office, service and l...
General categoryINDUSTRIAL
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 Shop11.8
Parking Facility10.5

Location

1757 Melrose St Gilbert, AZ 85297-1005
County assessor Recorded deeds · 3 transfers 19 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
3303 Lindsay, Gilbert, AZ 85297-1503 $829,000 Feb 2025 5,112 SF
3509 Mercy Rd, Gilbert, AZ 85297-0442 $431,605 Jul 2024 9,238 SF
3483 Mercy Rd, Gilbert, AZ 85297-0428 $2,950,000 Feb 2024 7,596 SF
3487 Mercy Rd, Gilbert, AZ 85297-0430 $2,250,000 Sep 2023 5,818 SF
3592 Atherton Blvd, Gilbert, AZ 85297-7444 $1,148,060 Sep 2021 15,322 SF
3513 Mercy Rd, Gilbert, AZ 85297-0444 $2,000,000 Nov 2018 7,596 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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