725 Elliot RdGilbert, AZ 85223

Property Details for 725 Elliot Rd

Lot size

3.36 AC

Zone code

NC

Property type

Office properties

APN

302-32-981

APU

30232981

Description

This exceptional 2,068 square foot medical office space is available for lease within the prestigious Ventura Professional Village in Gilbert, Arizona. Located at 725 W Elliot Rd, 85223, this property offers a fantastic opportunity for medical professionals seeking a modern and well-maintained workspace. Built in 2005 and extensively renovated in 2022, the building boasts a total of 10,170 square feet, ensuring a comfortable and professional environment. The space is part of a multi-tenant building, providing a collaborative atmosphere. Ample parking is available with a 6:1,000 ratio, including 2 covered spaces. The property is zoned NC by the Town of Gilbert (APN: 302-32-968) and is ideally suited for various medical practices, including physical therapy, chiropractic, or general office uses. This move-in ready space presents a rare opportunity to establish or expand your practice in a thriving Gilbert location. The property is situated in Maricopa County, Arizona. Don't miss this chance to secure your ideal medical office space.

• CAP approach

  CAP return

  Valuation

  6%

  $43,519,424

  6.5%

  $40,171,776

  7%

  $37,302,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,855,934

  Geo Method

  $30,855,934

• Alternative Use

  Use

  Valuation

  Residential

  $49,813,004

  Hospitality

  $45,628,444

  Educational

  $37,962,328

  Medical

  $39,267,912

  Retail

  $59,052,512

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3492

Longitude

-111.806

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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