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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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