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Financial
Distress signals
Property profile

3477 Mercy Rd Gilbert, AZ 85297

FOR LEASE
Medical Office Space
Property ID
US07-1332779
89,552 SF 4.72 ac lot Built 2023
Last sale Nov 2021 · $3,289,056
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 45,000 square foot Class A medical office building, constructed in 2023, presents a unique opportunity. Situated on a 4.76-acre lot in Maricopa County (APN 304-53-358), this two-story building boasts 10,847 square feet of immediately available space within a multi-tenant environment. The property features advanced infrastructure including specialized HVAC systems, high-speed internet, and robust electrical support ideal for medical equipment. Its prime location offers…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$19k
Tax billed · 2022
Assessed value · 2024$2.31M
Effective rate0.81%

Value estimate

· Oct 2026
$4.54M
$4.09M – $4.99M
NOI build-up
Gross scheduled income$273k
Vacancy & credit loss−$27k
Operating expenses−$98k
NOI · 527,164.29% cap applied$148k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
527,164.29%
$148k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GO
The General Office district is the most intensive office zoning district. Designated for large scale, single or multiple story medical, p...
General categoryMIXED_USE
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 Supply14.4
Wholesale Shop11.7
Parking Facility11.1

Location

3477 Mercy Rd Gilbert, AZ 85297
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3285 Val Vis, Gilbert, AZ 85297-7000 $29,000,075 Dec 2023 71,392 SF
3686 Rome, Gilbert, AZ 85297-7341 $11,309,538 Oct 2021 28,111 SF
3592 Atherton Blvd, Gilbert, AZ 85297-7444 $1,148,060 Sep 2021 15,322 SF
1675 Melrose, Gilbert, AZ 85297-1001 $23,646,000 Feb 2021 50,513 SF
3367 Mercy, Gilbert, AZ 85297-7600 $21,200,000 Jan 2021 44,730 SF
3717 Rome, Gilbert, AZ 85297-7367 $1,237,188 May 2020 22,166 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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