3592 Atherton Blvd Gilbert, AZ 85297-7443
This exceptional 3,124 square foot medical office, located at 3592 S Atherton Blvd, Suite 110, Gilbert, AZ 85297 (APN 304-51-977), is offered for sale at $1,200,000. The property is zoned NC and features a welcoming reception area, several private offices, a large fitness/recovery room, and in-suite restrooms. Currently operating as a thriving physical therapy practice for 17 years, a 7-year sale-leaseback is available at market rent with a 3% annual increase. This presents a unique investment opportunity in a prime Gilbert location. The property benefits from its proximity to SanTan Village shopping center, offering convenient access to major retailers and dining options. Nearby recreational amenities include Gilbert Regional Park and the Riparian Preserve at Water Ranch. Excellent highway access via US-60 and Loop-202 provides easy commutes to Chandler and Mesa. This established business enjoys a strong client base and consistent monthly growth, making it an attractive proposition for investors seeking a stable, income-generating asset in a high-demand area. The property's versatile layout and desirable location make it suitable for a variety of medical or traditional office uses.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-N · Gilbert, AZCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.