1235 Gilbert RdMesa, AZ 85203

Property Details for 1235 Gilbert Rd

Year built

1985

Construction

CONCRETE

Lot size

3.79 AC

Property size (Sq ft)

39,145 SF

Zone code

LC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

140-61-162

APU

14061162

Description

This exceptional retail property, located at 1235 S Gilbert Rd in Mesa, Arizona (zip code 85203), offers a prime opportunity for businesses seeking high-visibility locations in Maricopa County. The property encompasses a total of 39,502 square feet and is currently configured into three individual suites, providing flexibility for various business needs. Three suites are available, with a minimum leasable space of 1,000 square feet and a maximum contiguous space of 1,024 square feet. Currently, 3,048 square feet are vacant, presenting an immediate opportunity for occupancy. The property's classification is retail commercial, making it ideal for a wide range of businesses. Its strategic location in Mesa, Arizona, ensures high foot traffic and excellent visibility, contributing to a strong potential for business success. The property's address is easily accessible and well-situated within a thriving commercial area. This is a multi-tenant property, offering a vibrant and collaborative environment. Interested parties are encouraged to inquire about lease terms and availability. The property is categorized as a retail space and is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $18,241,866

  6.5%

  $16,838,646

  7%

  $15,635,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,252,430

  Geo Method

  $22,252,430

• Alternative Use

  Use

  Valuation

  Residential

  $14,204,028

  Hospitality

  $13,010,813

  Educational

  $10,824,844

  Medical

  $11,197,127

  Retail

  $16,838,646

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3926

Longitude

-111.787

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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