875 Greenfield RdGilbert, AZ 85234

Property Details for 875 Greenfield Rd

Year built

2001

Construction

CONCRETE

Lot size

1.90 AC

Property size (Sq ft)

7,823 SF

Zone code

CC

Property type

Healthcare properties

Property subtype

Medical offices

APN

304-08-828

APU

30408828

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,479,984

  6.5%

  $2,289,216

  7%

  $2,125,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,764,712

  Geo Method

  $1,764,712

• Alternative Use

  Use

  Valuation

  Residential

  $2,838,628

  Hospitality

  $2,600,168

  Educational

  $2,163,310

  Medical

  $2,237,709

  Retail

  $3,365,148

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3662

Longitude

-111.738

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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