1452 Higley RdGilbert, AZ 85234

Property Details for 1452 Higley Rd

Year built

2006

Construction

CONCRETE

Lot size

0.56 AC

Property size (Sq ft)

7,980 SF

Zone code

SC

Property type

Medical offices

Property subtype

Medical centers

APN

313-11-598

APU

31311598

Description

This 8,000-square-foot Class B medical office building in Gilbert, Arizona, is situated on a 0.76-acre lot and offers ample parking, including covered spaces. Built in 2006, the single-tenant property features a reception area, exam and treatment rooms, private offices, restrooms, and a staff break room. Its prime location at 1452 N Higley Rd Bldg 2, just south of the southwest corner of Higley Rd and Baseline Rd, benefits from high visibility and significant daily traffic exceeding 30,000 vehicles. The property boasts prominent monument signage along Higley Rd and enjoys convenient access to US60, Banner Gateway Medical Center, Arizona School of Dentistry and Oral Health, Superstition Springs Center, and Dana Park. The building is zoned SC by the City of Gilbert (APN: 313-11-598 & 313-11-958) and is located within a thriving area of Maricopa County, characterized by strong demographics and a growing population. This freestanding building presents a compelling opportunity for medical professionals seeking a well-appointed space in a high-demand location. The property's size and amenities make it ideal for a variety of medical practices.

• CAP approach

  CAP return

  Valuation

  6%

  $2,529,756

  6.5%

  $2,335,159

  7%

  $2,168,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,800,128

  Geo Method

  $1,800,128

• Alternative Use

  Use

  Valuation

  Residential

  $2,895,597

  Hospitality

  $2,652,351

  Educational

  $2,206,725

  Medical

  $2,282,618

  Retail

  $3,432,684

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3767

Longitude

-111.724

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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