Property profile

875 N Greenfield Rd Gilbert, AZ 85234

FOR LEASE
Medical Office Space
Property ID
US07-0372397
7,823 SF 1.9 ac lot Built 2001
Entity Owned 10-yr Hold ~ Est. High Equity
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875 N Greenfield Rd, Gilbert, AZ 85234 For Lease
$2,870,000 2,698 SF available
875 N Greenfield Rd, Gilbert, AZ 85234
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Property summary

AI-generated overview

This exceptional 2,698 square foot medical office space is available for lease at 875 N Greenfield Rd, Gilbert, AZ 85234. Located within the 90,000 square foot Greenfield Medical/Dental Center, this suite (Suite 105) is part of a three-building, Class B complex built in 2001, situated on 3.11 acres. The property boasts ample parking (6.5 spaces per 1,000 square feet), and is conveniently located less than 2.5 miles from Banner Gateway Medical Center and within easy reach of major East Valley freeways (US Highway 60 is 1.4 miles away). The high-traffic location (28,972 vehicles per day) is in an affluent area with an average household income of approximately $136,254. The C-1 zoned property offers a turnkey solution for medical or dental practitioners, benefiting from its proximity to other medical facilities like Arizona General Hospital and Banner Baywood Medical Center. The available space is part of a larger medical park, and an adjacent 10,858 square foot radiology facility adds further convenience. The suite is ready for occupancy on October 1st, 2023. The property features a single-story design and includes options for covered reserved parking. Maricopa County APN: 304-08-828, 304-08-829.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2001
Construction CONCRETE
Total area 7,823 SF
Lot 1.9 ac (82,725 SF)
Zoning code CC
APN 304-08-828
UPID US07-0372397

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
  • Dental Office
  • Alternative Medicine Practice
  • Medical Clinic
  • Medical Clinic
  • Physician

Location

875 N Greenfield Rd Gilbert, AZ 85234
Gilbert metro Census 422620 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.87M
Blend (final) Blend
$2.87M

Owner & transaction history

since 2015
6 recorded transactions
2023
Price N/A
2015
$7.0M
2014
$3.4M
2007
Price N/A
2001
$5.6M
2001
$3.5M

Zoning & alternative use

CC · Gilbert, AZ
Zoning description

The purpose of Community Commercial zoning is to allow the integration of less intense small to medium scale businesses within proximity of neighborhoods. The uses permitted within CC are limited in size and scale and ar…

General category COMMERCIAL
Top alternative use upside
Restaurant $4.3M +114.9%
Auto repair, garage $3.5M +73.7%
Retail stores $2.9M +43.6%

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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