1851 Baseline RdGilbert, AZ 85233

Property Details for 1851 Baseline Rd

Year built

2003

Construction

CONCRETE

Lot size

0.97 AC

Property size (Sq ft)

5,568 SF

Zone code

SC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

310-05-236A

APU

31005236A

Description

This exceptional 1,271-square-foot retail space is located at 1851 E Baseline Rd in Gilbert, Arizona, within Maricopa County. The property is a single-tenant building offering a completely vacant, 1,271-square-foot space, described as a "vanilla shell" condition. This provides a blank canvas for a prospective tenant to customize the interior to perfectly suit their business needs. The property's address is easily accessible and visible from Baseline Road, offering excellent visibility and potential for high foot traffic. The property type is classified as retail commercial. The zip code for this location is 85233. This presents a unique opportunity for businesses seeking a move-in ready space in a thriving Gilbert location. The property's geographic coordinates are latitude 33.3785028 and longitude -111.7913695. This single-tenant building offers complete control and flexibility for the tenant. The property is ready for immediate occupancy. The "vanilla shell" condition allows for complete customization, minimizing upfront renovation costs and maximizing design flexibility. This prime location in Gilbert, Arizona offers excellent potential for business growth and success. The property is situated in a dynamic area with high visibility and accessibility. This is an ideal opportunity for businesses seeking a well-located, adaptable retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,594,730

  6.5%

  $2,395,136

  7%

  $2,224,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,165,194

  Geo Method

  $3,165,194

• Alternative Use

  Use

  Valuation

  Residential

  $2,020,386

  Hospitality

  $1,850,663

  Educational

  $1,539,730

  Medical

  $1,592,684

  Retail

  $2,395,136

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3785

Longitude

-111.792

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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