Financial
Distress signals
Property profile

538 S Gilbert Rd Gilbert, AZ 85296

FOR LEASE
Strip malls
Property ID
US07-1573045
16,496 SF 2.12 ac lot Built 2002
Last sale Jul 2013 · $909,300
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,225 square foot office suite is located within the Gilbert Professional Center at 538 S Gilbert Road, Gilbert, AZ 85296. The property is part of an established retail center boasting ample parking and high visibility on Gilbert Road, situated between Elliot and Warner Roads. This prime location benefits from strong visibility and a dense population with high average household incomes. The suite is part of a larger 16,487 square foot building zoned G-C, Gilbert, in Maricopa

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value · 2024$539k
Effective rate5.60%

Value estimate

· Sep 2026
$860k
$774k – $946k
Submarket $/SF estimate$4.37M
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$3k
Operating expenses−$9k
NOI · 100,304.55% cap applied$22k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$364/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$222 – $562
Qualifying comparables9

Cap rate analysis

How does the asset earn?
100,304.55%
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GC
General Commercial zoning district tends toward a mix of retail and office uses that are developed independently and may not be dependent...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.1
Parking Facility10.6
Laundry Service10.3

Location

538 S Gilbert Rd Gilbert, AZ 85296
County assessor Recorded deeds · 7 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
911 Lindsay, Gilbert, AZ 85296-2970 $4,900,000 Mar 2023 12,180 SF
965 Val Vis, Gilbert, AZ 85296-3704 $3,500,000 Jul 2021 12,214 SF
67 Higley, Gilbert, AZ 85296-1166 $15,665,000 Nov 2019 17,103 SF
1415 Warner, Gilbert, AZ 85296-3159 $3,713,284 May 2019 9,078 SF
754 Val Vis, Gilbert, AZ 85296-3157 $7,250,000 Apr 2019 19,132 SF
1522 Gilbert, Gilbert, AZ 85296-4018 $2,295,000 Dec 2018 9,892 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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