NOT LISTED FOR SALE

944 N Gilbert Rd Mesa, AZ 85203

North Central Mesa Neighborhood

Estimated Value: $1,140,685

-- Bed
-- Bath
3,600 Sq Ft
$317/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $820,000 $228 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,809/month

13 Days on Market

About This Home

As of June 2020

• Fully Leased Dental Office
• +/- 3,600 SF
• Lease Extending to October 2023
• Stable Tenant in Place - Lease Commenced 2014
• Located on Gilbert Road Between Brown Road and University Drive
• Frontage on Gilbert Road
• Convenient Access to US-60 and Loop 202 Freeways
• Near Business and Retail Amenities

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 02/19/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,942

Year Built

  • Built in 1994

Lot Details

  • 0.92 Acre Lot
  • Property is zoned O-C

Home Design

  • 3,600 Sq Ft Home

Parking

  • 34 Open Parking Spaces
  • 40 Parking Spaces
  • 6 Covered Spaces
  • Paved Parking

Community Details

  • Operating Expense $9,942
  • Net Operating Income $62,400

Listing and Financial Details

  • Assessor Parcel Number 137-02-001-H

Property Details

Property Type

Other

Est. Annual Taxes

$9,942

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Cross Street: N Gilbert Rd & E Brown Rd
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: O-C
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1994
  • Tax Year: 2019
  • Lot Size Acres: 0.92
  • Structure Type: Office
  • Tax Parcel Letter: H
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 3600.0

Exterior Features

  • Fencing: Other
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 34.0
  • Total Parking Spaces: 40.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 34.0
  • General Property Description:Total Parking Spcs: 40.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 39945.0
  • Parcel #: 137-02-001-H
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 62400.0
  • Annual Operating Expense: 9942.0

Tax Info

  • Tax Annual Amount: 9942.0
  • Tax Book Number: 137.00
  • Tax Lot: -
  • Tax Map Number: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
Jun 27, 2020
Sold by
Tenk Capital Assets Lp
Bought by
Eibel Keith and Eibel Donna A
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$875,000
Sold Price
$820,000
Premium/Discount to List
-$55,000
-6.29%
Current Estimated Value
$1,140,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,685
Avg. Annual Appreciation
6.28%
Original Mortgage
$430,000
Outstanding Balance
$382,003
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$758,682

Purchase Details

Closed on
Apr 8, 2015
Sold by
Tenk Capital Management Inc
Bought by
Tenk Capital Assets Lp

Purchase Details

Closed on
Mar 6, 2013
Sold by
Eagle Discovery Llc
Bought by
Kalmbach Danny B and Kalmbach Kathleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,000
Interest Rate
3.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 1994
Sold by
Flynn Brent C and Flynn Linda D
Bought by
Cook Keven T and Cook Rhonda
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Eibel Keith $810,000 Commonwealth Title
Tenk Capital Assets Lp -- None Available
Tenk Capital Management Inc -- None Available
Kalmbach Danny B $755,000 Great American Title Agency
Cook Keven T $100,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eibel Keith $430,000
Previous Owner Kalmbach Danny B $566,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $820,000 -6.3% $228 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $875,000 -- $243 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,638 $97,695 -- --
2024 $10,272 $95,951 -- --
2023 $10,272 $130,730 $45,747 $84,983
2022 $10,355 $126,350 $46,025 $80,325
2021 $10,782 $128,844 $47,340 $81,504
2020 $10,641 $107,856 $33,822 $74,034
2019 $9,942 $94,932 $30,366 $64,566
2018 $9,542 $94,734 $31,374 $63,360
2017 $9,257 $95,130 $29,052 $66,078
2016 $9,086 $81,504 $25,938 $55,566
2015 $8,777 $71,022 $20,221 $50,801
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6038970

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-02-001H

Arizona Maricopa County Mesa 85203 North Central Mesa

944 N Gilbert Rd, Mesa, AZ

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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