922 N GILBERT Road, Mesa, AZ 85203 (MLS# 6412036)

922 N GILBERT Road, Mesa, AZ 85203

$740,000

Property Type: Comm/Industry Sale Square Footage: 3,928 Lot Size (sq. ft.): 37,062 Status: Closed

Current Price: $740,000 List Date: 6/06/2022 Last Modified: 4/14/2025

Overview

Description

A great location for any type of school, church, business or medical campus! It's so easy and convenient to get to for any purpose. It IS unique and its 4 buildings, and 9 units are set in almost an acre of lush garden park paradise! You, your employee and staff, clients or students will LOVE being here! Fully rented the property has generated over $3,000. a month and tenants' leases have been terminated to leave the property vacant for the new owner. Rents can now rise to where they actually should be in today's market. Nearly 4,000. square feet should rent for double that and more! The property has been the campus of a charter school for the past two years. This could be a beautiful religious headquarter or retreat. 9 citrus tree and a fig tree.

Listing Details MLS# 6412036

Location, Tax & Legal

Map Code/Grid: Q39
House Number: 922
Compass: N
Street Name: GILBERT
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 5829
Country: US
County Code: Maricopa
Assessor Number: 137-02-001-F
Tax Year: 2021
Assessor's Map #: 2
Legal Description (Abbrev): BEG NE COR SEC 13 TH S 1471.48F TH S 88D 2M W 45.03F TH S 340.20F TO POB TH S 170.25F M/L TH W 234.6
Assessor's Parcel #: 1
Assessor Parcel Ltr: F
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420800
Taxes: 4904
Tax District: Mesa
Legal: BEG NE COR SEC 13 TH S 1471.48F TH S 88D 2M W 45.03F TH S 340.20F TO POB TH S 170.25F M/L TH W 234.6
Marketing Name: Church-Medical School

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Commercial Property .85 acre
Ttl Apx SqFt Bldg: 3928
# of Buildings: 4
Lot Size Dimensions: 1480x250
Year Built: 1957
Volts/Amps: 1200
Uncvrd Parking Spcs: 16
Zoning: C-O

Remarks Misc

Cross Street: Brown and Gilbert Roads
Directions: Property is on the west side of Gilbert Road between Brown and Adobe If coming into Mesa on the 202 Red Mountain Freeway, exit at Gilbert Road and come south past McKillips, then Brown.

Status Change Info

Off Market Date: 2022-07-08
Under Contract Date: 2022-07-07
Close of Escrow Date: 2022-07-29

Legal Info

Township: 1N
Range: 5E
Section: 13
Lot Number: 001

More Information

Income Expenses

Gross Annual Sch Inc: 72000
Net Operating Income: 58000

Contact Info

List Agent Home Phn: 602-469-3935

Sold Info

Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Brick: Yes
Stucco: Yes
Wood Frame: Yes

Roofing

Composition: Yes

Floors

Concrete: Yes

Income & Expenses

Annual Elec Exp: 5000
Annual Landscape Exp: 1500
Annual Maint Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Operating Exp: 12904
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 72000

Building Type

Commercial: Yes
Office: Yes
Other (See Remarks): Yes

Business Type

Professional/Office: Yes
Other: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 4.83
Equity: 1200000
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Lockbox Type

Supra: Yes

Ceiling Height

8 Feet or Less: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes
Window/Wall Unit: Yes
Office A/C: Yes

Interior Features

Finished: Yes
Private Restrooms: Yes
Public Restrooms: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Storage Yard: Yes
Monument Sign: Yes

Source of Fincl Data

Owner: Yes

Traffic Count

75,001 to 100,000: Yes

Fencing

Wood: Yes
Wire: Yes

Water Source

City Franchise: Yes
Irrigation: Yes

Freeway/Highway

2.1 - 5 Miles: Yes

Building Features

Conference Room: Yes
Reception Room: Yes
LAN Compatible Copr: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes
Paved: Yes

Electric

SRP: Yes
Over 220 Amp: Yes

Gas

None: Yes

New Financing

Cash Only: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Office; Other (See Remarks) Business Type: Professional/Office; Other Stories: 1 Story Construction: Stucco; Wood Frame; Brick Roofing: Composition Floors: Concrete Ceiling Height: 8 Feet or Less Cooling: Central Air; Window/Wall Unit; Office A/C Loading Facilities: None Interior Features: Finished; Private Restrooms; Public Restrooms Exterior: Storage Yard; Monument Sign Fencing: Wood; Wire Building Features: Conference Room; Reception Room; LAN Compatible Copr Parking Features: Parking Lot; Paved Electric: SRP; Over 220 Amp Gas: None Water Source: City Franchise; Irrigation Sewer: Sewer - Public New Financing: Cash Only Showing Notification Methods: Phone Call Lockbox Type: Supra Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Road Surface Type: Asphalt Traffic Count: 75,001 to 100,000 Environmental: None

Listing Office: HomeSmart

Last Updated: April - 14 - 2025