Technical
Financial
Distress signals
Property profile

2679 East Baseline Rd Gilbert, AZ 85234

FOR SALE
Commercial land
Property ID
US07-2673180
2.8 ac lot
Entity Owned 1-yr Hold Free & Clear
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2679 East Baseline Rd, Gilbert, AZ 85234 For Sale
$1,200,000
2679 East Baseline Rd, Gilbert, AZ 85234
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Property summary

AI-generated overview

This exceptional investment opportunity presents two single-story medical office buildings totaling 16,618 square feet, currently fully vacant and available for lease or sale. Located at 2679 E Baseline Rd in Gilbert, Arizona (zip code 85234), this property boasts a prime location in the highly desirable Baseline corridor. The buildings feature a total of two suites, with a minimum divisible space of 8,309 square feet and a maximum contiguous space of 8,309 square feet. The property is zoned GC and has an APN of 304-11-410. Convenient freeway access is a key advantage, along with the proximity to millions of square feet of retail amenities and several hospital campuses, ensuring high visibility and accessibility for medical professionals. The ample parking provides a generous 6.70 spaces per 1,000 square feet. This property is an ideal opportunity for a medical practice seeking a prominent location or an investor looking for a high-potential asset in a thriving market. The buildings are one story each, offering easy accessibility and efficient layouts. The entire 16,618 square feet is currently vacant, providing a blank canvas for a new tenant or a comprehensive renovation. This presents a unique chance to customize the space to meet specific needs and create a state-of-the-art medical facility.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.8 ac (121,809 SF)
Zoning code C-C
APN 304-11-410
UPID US07-2673180

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store Party Supply Store

Location

2679 East Baseline Rd Gilbert, AZ 85234
Gilbert metro Census 422508 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.20M

Owner & transaction history

since 2025
Last sale
$1.2M
3 recorded transactions
2025
$1.8M
2022
$1.2M
2007
Price N/A

Zoning & alternative use

C-C · Gilbert, AZ

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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