Property profile

3425 Baseline Rd Gilbert, AZ 85234

OFF-MARKET
Strip malls
Property ID
US07-0994121
12,376 SF 1.43 ac lot Built 2003
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2003
Construction STEEL FRAME
Total area 12,376 SF
Lot 1.43 ac (62,121 SF)
Zoning code GC
APN 309-03-938
UPID US07-0994121

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
  • Alternative Medicine Practice Spa & Massage Center
  • Restaurant
  • Computer & Electronic Repair
  • (Bike/Boat/Book/etc) Store
  • Atm

Location

3425 Baseline Rd Gilbert, AZ 85234-2706
Gilbert metro Census 422506 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
$4.35M
Blend (final) Blend
$4.35M

Owner & transaction history

since 2016
5 recorded transactions
2024
Price N/A
2016
$4.7M
2015
Price N/A
2005
$5.0M
2003
$1.0M

Zoning & alternative use

GC · Gilbert, AZ
Zoning description

General Commercial zoning district tends toward a mix of retail and office uses that are developed independently and may not be dependent on one another. There are a broad range of uses permitted within GC that often fun…

General category COMMERCIAL
Top alternative use upside
Restaurant $6.8M +50.9%
Auto repair, garage $5.5M +22.0%
Retail stores $4.5M +0.9%

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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