3477 Mercy RdGilbert, AZ 85297

Property Details for 3477 Mercy Rd

Year built

2023

Lot size

4.72 AC

Property size (Sq ft)

89,552 SF

Zone code

GO

Property type

Healthcare properties

Property subtype

Medical offices

APN

304-53-358

APU

30453358

Description

This exceptional 45,000 square foot Class A medical office building, constructed in 2023, presents a unique opportunity. Situated on a 4.76-acre lot in Maricopa County (APN 304-53-358), this two-story building boasts 10,847 square feet of immediately available space within a multi-tenant environment. The property features advanced infrastructure including specialized HVAC systems, high-speed internet, and robust electrical support ideal for medical equipment. Its prime location offers excellent visibility on Mercy Road, with prominent monument signage opportunities. Ample surface and covered parking is provided, exceeding a 5.5:1,000 ratio. Enjoy convenient access to Loop 202 Freeway via Val Vista Drive, and benefit from the synergy of being adjacent to Mercy Gilbert Medical Center and its new Women's and Children's Pavilion, as well as nearby retail and dining establishments. The building's design prioritizes patient comfort and incorporates sustainable features like energy-efficient lighting and water-saving fixtures. Zoned C-O, this property is perfectly suited for medical practices seeking a modern, functional, and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $26,626,298

  6.5%

  $24,578,122

  7%

  $22,822,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,878,968

  Geo Method

  $18,878,968

• Alternative Use

  Use

  Valuation

  Residential

  $30,476,870

  Hospitality

  $27,916,650

  Educational

  $23,226,324

  Medical

  $24,025,114

  Retail

  $36,129,840

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.2865

Longitude

-111.748

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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