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    Property profile & analytics
    FOR LEASE
    Commercial land

    5229 E Baseline Rd, Gilbert, AZ 85234

    1.39 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US07-2382313
    Property summary
    AI-generated overview

    This exceptional 1.39-acre commercial land parcel, totaling 60,455 square feet, presents a remarkable opportunity in the thriving Gilbert, Arizona market. Situated at the southeast corner of Baseline Road and San Benito Drive, just one block east of Higley Road, this property boasts unparalleled visibility and accessibility. The strategic location ensures high traffic counts and significant exposure to potential customers. The site offers full access, allowing for seamless development and operation. Further enhancing its appeal, monument signage opportunities are available on both Higley Road and Baseline Road, providing excellent branding potential for any business. This single-tenant property in Maricopa County is zoned for commercial use and presents a blank canvas for a variety of development projects. The property's size and location make it ideal for a wide range of commercial ventures, from retail establishments to office spaces. With its prime location and exceptional visibility, this land parcel represents a rare opportunity to establish a strong presence in a rapidly growing area. The address is 5229 E Baseline Rd, Gilbert, AZ 85234.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.39 ac (60,455 SF)
    Zoning code R-3
    APN 313-12-894
    UPID US07-2382313
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.25M
    Owner & transaction history
    Cmg Baseline Gilbert LLC · 3 yrs held
    Cmg Baseline Gilbert LLC
    since 2022
    Last sale
    $1.3M
    4 recorded transactions
    2023
    2022
    $1.3M
    2016
    1969
    Zoning & alternative use
    R-3 · Gilbert, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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