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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Medical Office Space
3941 Baseline Rd Gilbert, AZ 85234-2750
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-0915249
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
CONCRETE
Total area
8,168 SF
Lot
0.24 ac (10,500 SF)
Zoning code
GO
APN
304-09-958
UPID
US07-0915249
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Salvatore La Cognata, D.O. Physician
-
Valley Bone and Joint Specialists Physician
-
Red Mountain Orthope Physician
-
Jill Obermeier L.M.T. Alternative Medicine Practice Spa & Massage Center
-
Nicholas Wells Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.00M
Owner & transaction history
Chct Arizona LLC · 11 yrs held
Chct Arizona LLC
since 2015
5 recorded transactions
Zoning & alternative use
GO · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Office district is the most intensive office zoning district. Designated for large scale, single or multiple story medical, professional, general or service type office uses. The only residential land uses allowed within the General Office classification are loft units above non residential within a mixed use project.
Zone name
General Office
General category
MIXED_USE
Zone area
227.70 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.5M
+114.9%
Auto repair, garage
$3.6M
+73.7%
Retail stores
$3.0M
+43.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gilbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilbert submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,090,000
Current use
RESTAURANT
$4,485,000
Change: +115% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,625,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$3,000,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,970,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$367 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,814
Tax year 2022
Assessed value
$280,434
Assessed 2024
Previous assessed
$242,964
+15.4% YoY
Effective rate
5.28%
On assessed value
Land market value
$155,600
Improvement market value
$1,544,000
Total market value
$1,699,600
Applied tax rate
410,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,168 SF
Lot
0.24 ac (10,500 SF)
Zoning code
GO
APN
304-09-958
UPID
US07-0915249
Jurisdiction
MARICOPA
Zoning & alternative use
GO · Gilbert, AZZoning GO · permitted uses
GO · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Office district is the most intensive office zoning district. Designated for large scale, single or multiple story medical, professional, general or service type office uses. The only residential land uses allowed within the General Office classification are loft units above non residential within a mixed use project.
Zone name
General Office
General category
MIXED_USE
Zone area
227.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.1M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Chct Arizona LLC
Entity
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2015
$1,700,000
Chct Arizona LLC
Stratton Land & Dev LLC
Warranty Deed
—
Jun 3, 2004
$1,200,000
Stratton Land
Sunnyvale Business Square LLC
Grant Deed
$1,521,000 · Stearns Bank NA
Feb 24, 1998
—
Sunnyvale Business Square LLC
Orosel Enterprsies INC Trustee
Grant Deed
related
—
Oct 30, 1997
$12,950,000
Wade Family Trust
Lakeview Village Corp
Grant Deed
$3,125,000 · L J Melody & Co
Jul 1, 1992
$2,800,000
Lakeview Village Corp
Valley Natl Bank
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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