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Property profile

450 Gilbert Rd Chandler, AZ 85225

OFF-MARKET
Medical Office Space
Property ID
US07-2814942
View Sample
13,416 SF 2.01 ac lot Built 2019
Entity Owned 5-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2019
Construction STEEL FRAME
Total area 13,416 SF
Lot 2.01 ac (87,405 SF)
Zoning code PAD
APN 303-01-956
UPID US07-2814942

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
  • Medical Clinic
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.11M

Owner & transaction history

since 2021
Last sale
$9.5M
7 recorded transactions
2021
$9.5M
2021
Price N/A
2020
Price N/A
2018
$830,000
2008
$750,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $10.8M +279.9%
Neighborhood: shopping center $8.5M +200.5%
Restaurant $7.0M +145.7%

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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