Property profile

525 Gilbert Rd Mesa, AZ 85204

OFF-MARKET
Strip malls
Property ID
US07-1193786
15,720 SF 1.28 ac lot Built 1987
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Tattoo & Piercing Shop
  • Employment Agency
  • Employment Agency
  • (Bike/Boat/Book/etc) Store Building Supply
  • Bank Credit Union

Location

525 Gilbert Rd Mesa, AZ 85204-2930
Mesa metro Census 422502 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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