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Property profile & analytics
OFF-MARKET
Retail space
459 Gilbert Rd Gilbert, AZ 85234-4591
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2864064
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
CONCRETE
Total area
1,103 SF
Lot
0.67 ac (29,011 SF)
Zoning code
C-O
APN
304-12-020Z
UPID
US07-2864064
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
-
Dutch Bros Coffee Cafe & Coffee Shop
-
Duplicator Pro (Bike/Boat/Book/etc) Store Corporate Office
-
Dr. Chong Physician
-
San Tan Behavioral Health Services Crisis Center Medical Clinic
-
Insurance Office of America Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ejm Properties INC · 4 yrs held
Ejm Properties INC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
C-O · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,527
Tax year 2023
Assessed value
$166,554
Assessed 2024
Previous assessed
$134,385
+23.9% YoY
Effective rate
6.32%
On assessed value
Land market value
$472,200
Improvement market value
$537,220
Total market value
$1,009,420
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
1,103 SF
Lot
0.67 ac (29,011 SF)
Zoning code
C-O
APN
304-12-020Z
UPID
US07-2864064
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Gilbert, AZ
Zoning C-O · permitted uses
C-O · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilbert. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
0.67 ac
Current owner
From public records · entity-resolved
Ejm Properties INC
Entity
Mailing address
11021 WINNERS CIR STE #200, LOS ALAMITOS, CA 90720-2879
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$2,575,000
Ejm Properties INC
D A Robert Enterprises INC
Special Warranty Deed
—
Feb 28, 2018
—
Gilbert Rd Of Juniper Db LLC
—
Grant Deed
related
$1,590,000 · Desert Fin'l FCU
Jul 26, 2010
—
Da Roberts Ents INC
—
Trustees Deed
related
$500,000 · Wells Fargo Bank
Feb 26, 2008
$1,177,697
Wa Gilbert 18 LLC
Wa Gilbert Acquisitions LLC
Grant Deed
related
—
Jan 10, 2008
$4,260,936
Wa Gilbert 8 LLC
Wa Gilbert Acquisitions LLC
Grant Deed
related
—
Dec 7, 2007
$6,096,115
Wa Gilbert 1 LLC
Wa Gilbert Acquisitions LLC
Grant Deed
related
—
Nov 3, 1992
$437,500
D A Roberts Enterprises INC
Spitz Family Ptp
Grant Deed
$371,000
May 1, 1987
$750,000
Spitz Family Lim
Vanma
Grant Deed
—
—
—
Gilbert Rd Of Juniper Db LLC
—
Deed Of Trust
related
$800,000 · Mutual/omaha Bk
—
—
D A Roberts Ents INC
—
Deed Of Trust
related
$371,000 · Desert Schools FCU
—
—
D A Roberts Ents INC
—
Deed Of Trust
related
$400,000 · Wells Fargo Bank
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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