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Financial
Distress signals
Property profile

3495 Baseline Rd Gilbert, AZ 85234

OFF-MARKET
Turn key restaurants
Property ID
US07-0713543
5,220 SF 1.07 ac lot Built 1999
Last sale Jan 2025 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,049 square foot IHOP restaurant in Gilbert, Arizona, operating under a 16-year absolute triple-net (NNN) lease with a highly reputable franchisee. The lease, expiring October 24, 2040, includes a 7.5% rent increase every five years and multiple five-year renewal options, ensuring long-term, stable income. The property boasts a strong 5.00% cap rate and a substantial net operating income (NOI) of $135,000 annually. Built in 1999, this…

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.

Debts

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 · 2022

What does the county charge?
$19k
Tax billed · 2022
Assessed value · 2024$295k
Effective rate6.57%

Value estimate

· Oct 2026
$455k
$410k – $501k
Submarket $/SF estimate$1.64M

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$549/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$314 – $990
Qualifying comparables9

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?
C-C
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 Supply33.9
Wholesale Shop27.8
Auto Parts Store27.4

Location

3495 Baseline Rd Gilbert, AZ 85234-2651
County assessor Recorded deeds · 5 transfers 9 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1753 Higley, Gilbert, AZ 85234-1636 $3,900,000 May 2024 6,242 SF
601 Gilbert, Gilbert, AZ 85234-4600 $1,400,000 Jan 2024 8,528 SF
1022 Gilbert, Gilbert, AZ 85234-3367 $1,702,000 Jun 2023 7,800 SF
1614 Higley, Gilbert, AZ 85234-1608 $2,000,000 May 2023 6,000 SF
4024 Guadalupe, Gilbert, AZ 85234-7672 $2,260,000 Sep 2022 8,016 SF
1641 Guadalupe, Gilbert, AZ 85234-8168 $240,000 Mar 2022 7,488 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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