525 Gilbert Rd Mesa, AZ 85204-2930
- Strip malls
- 15,720 SF
- 1.28 lot acres
Current Use by Public Records
- Ink By Jerry / Tattoo Shop
- Staffing Co / Temp Agency
- Labor Temps / Temp Agency
- Shark Tools, LLC. / Tool Store
- Amigos Préstamos / Financial Institution
Property Details for 525 Gilbert Rd
- Year built
- 1987
- Construction
- CONCRETE
- Lot size
- 1.28 lot acres
- Property size
- 15,720 SF
- Zone code
- LC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 140-42-416B
- APU
- 14042416B
Description
Gilbert Plaza2, located at 525 S Gilbert Rd in Mesa, Arizona (zip code 85204), presents a compelling retail investment opportunity. This shopping complex, built in 1987 and extensively renovated in 2024, comprises two single-story buildings totaling 20,500 square feet. The property currently offers two vacant retail spaces, ideal for a variety of businesses. One space measures 1,200 square feet, while the other is 1,600 square feet (formerly a massage center). These spaces can be combined to create a contiguous area of 2,800 square feet, providing flexibility for larger tenants. The minimum divisible space is 1,200 square feet, making it suitable for smaller businesses as well. The complex features a total of 11 suites, indicating a thriving retail environment. Situated in Maricopa County, this property benefits from excellent visibility and accessibility due to its location at the intersection of Broadway and Gilbert Road in Mesa. The property's recent renovation ensures modern amenities and a well-maintained appearance, attracting both tenants and customers. This is an exceptional opportunity to acquire a well-located, updated retail property in a growing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,050,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,210,000
- 6.5%
- $3,155,000
- 7%
- $2,980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,215,000
- Geo Method
- $2,910,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,420,000
- Retail
- $3,385,000
- Mixed-Use
- $3,345,000
- Hospitality
- $2,855,000
- Educational
- $2,905,000
- Residential Income
- $2,520,000
- Energy
- $2,855,000
- Income-Based Land
- $3,250,000
- Food Service
- $2,875,000
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.788
- Latitude
- 33.406
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
