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    Property profile & analytics

    459 Gilbert Rd Gilbert, AZ 85234-4591

    • Retail space
    • 1,103 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimation
    $2,120,000
    Last Sale
    Nov 24, 2021
    $2,575,000
    Location Intelligence
    Property ID
    US07-2864064
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dutch Bros Coffee / Coffee Shop / Cafe
    • Duplicator Pro / Software Company
    • Dr. Chong / Psychiatrist
    • San Tan Behavioral Health Services / Mental Health Service
    • Insurance Office of America / Insurance Agency

    Property Details for 459 Gilbert Rd

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.67 lot acres
    Property size
    1,103 SF
    Zone code
    C-O
    Property type
    Retail space
    APN
    304-12-020Z
    APU
    30412020Z

    Description

    The Gilbert Commerce Center, located at 459 N Gilbert Rd, Gilbert, AZ 85234, offers exceptional executive office space for lease. This Class B building, constructed in 1986, boasts a total of 74,559 square feet and sits on a 5.14-acre lot. The property is zoned HVC (Maricopa County APN: 304-12-973) and is situated in the desirable Chandler submarket. Multiple tenancy options are available, with spaces ranging from a minimum of 704 square feet to a maximum contiguous space of 9,022 square feet. Currently, there are 24,580 square feet of vacant space ready for immediate occupancy. The building provides ample parking with a 4 spaces per 1,000 square feet ratio. This property is ideal for businesses seeking flexible and well-located office solutions in the thriving Gilbert area. The building's traditional office design offers a professional and efficient work environment. Inquire today to learn more about the available spaces and lease terms.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,955,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,760,000
      6.5%
      $2,585,000
      7%
      $2,350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,250,000
      Geo Method
      $2,325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,770,000
      Retail
      $2,855,000
      Mixed-Use
      $2,520,000
      Hospitality
      $2,395,000
      Educational
      $2,425,000
      Residential Income
      $2,200,000
      Energy
      $2,220,000
      Income-Based Land
      $2,560,000
      Food Service
      $2,280,000

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.789
    Latitude
    33.3593
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,527
    $0.00
    $0.00
    $166,554
    -
    $472,200
    $537,220
    $1,009,420

    Comparable in this City

    • Value Estimation by Request
      2,370 SF

      1683 Higley Rd

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    • Value Estimation by Request
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      215 Gilbert Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,783 SF
      215 Gilbert Rd, Gilbert, AZ 85234-5774
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    • Value Estimation by Request
      1,488 SF

      225 Gilbert Rd, Unit 10

      RETAIL STORES (PERSONAL SERVICES) • 1,488 SF
      225 Gilbert Rd, Gilbert, AZ 85234-5774
      View Details
    • Value Estimation by Request
      14,368 SF

      1555 Gilbert Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,368 SF
      1555 Gilbert Rd, Gilbert, AZ 85234-2322
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    • Value Estimation by Request
      3,954 SF

      1034 Gilbert Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,954 SF
      1034 Gilbert Rd, Gilbert, AZ 85234-3381
      View Details
    • Value Estimation by Request
      5,000 SF

      848 Gilbert Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      848 Gilbert Rd, Gilbert, AZ 85234-3310
      View Details

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    459 Gilbert Rd
    Gilbert, AZ 85234-4591
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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