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

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.

More Information MLS# 6412036

Contract Info

Ownership: Fee Simple Current Price: $740,000 Sold Price: $740,000 Status: Closed List Date: 2022-06-04

Location, Tax & Legal

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 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 County Code: Maricopa Assessor Number: 137-02-001-F Tax Year: 2021

General Property Description

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

Legal Info

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

Construction

Brick: 1 Stucco: 1 Wood Frame: 1

Roofing

Composition: 1

Floors

Concrete: 1

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: 1 Office: 1 Other (See Remarks): 1

Business Type

Professional/Office: 1 Other: 1

Stories

1 Story: 1

Pmt & Rate Info

Cap Rate: 4.83 Equity: 1200000 Total Owed: 0

Showing Notification Methods

Phone Call: 1

Lockbox Type

Supra: 1

Ceiling Height

8 Feet or Less: 1

Heating

Electric: 1

Cooling

Central Air: 1 Window/Wall Unit: 1 Office A/C: 1

Interior Features

Finished: 1 Private Restrooms: 1 Public Restrooms: 1

Loading Facilities

None: 1

Road Surface Type

Asphalt: 1

Exterior

Storage Yard: 1 Monument Sign: 1

Source of Fincl Data

Owner: 1

Traffic Count

75,001 to 100,000: 1

Fencing

Wood: 1 Wire: 1

Water Source

City Franchise: 1 Irrigation: 1

Freeway/Highway

2.1 - 5 Miles: 1

Building Features

Conference Room: 1 Reception Room: 1 LAN Compatible Copr: 1

Sewer

Sewer - Public: 1

Parking Features

Parking Lot: 1 Paved: 1

Electric

SRP: 1 Over 220 Amp: 1

Gas

None: 1

New Financing

Cash Only: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 602-469-3935

Sold Info

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

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. Geo Lat: 33.431986 Geo Lon: -111.78856

Status Change Info

Off Market Date: 2022-07-08 Under Contract Date: 2022-07-07 Close of Escrow Date: 2022-07-29 Sold Price: $740,000

Income Expenses

Gross Annual Sch Inc: 72000 Net Operating Income: 58000

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