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Property profile & analytics
OFF-MARKET Estimated value $3,050,000
Strip malls

525 Gilbert Rd Mesa, AZ 85204-2930

15,720 SF 1.28 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-1193786
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 15,720 SF
Lot 1.28 ac (55,922 SF)
Zoning code LC
APN 140-42-416B
UPID US07-1193786
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
  • Ink By Jerry Tattoo & Piercing Shop
  • Staffing Co Employment Agency
  • Labor Temps Employment Agency
  • Shark Tools, LLC. (Bike/Boat/Book/etc) Store Building Supply
  • Amigos Préstamos Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.05M
CAP Approach CAP
$3.28M
Comparable Approach Comparable
$4.14M
Blend (final) Blend
$3.05M
Owner & transaction history
Gilbert Plaza2 LLC · 1 yrs held
Gilbert Plaza2 LLC
since 2024
Last sale
$3.1M
6 recorded transactions
2024
Price N/A
2024
$3.1M
1994
$725,000
1994
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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