1245 N Mondel Dr, Gilbert, AZ 85233

Small-Bay Industrial · Gilbert · Phoenix metro, AZ

One of 315 reachable small-bay industrial buildings in Gilbert. Larger than 9% of small-bay industrial buildings in Gilbert (median 16,262 SF), derived from assessor records.

County gross building area
6,534 SF, Maricopa County Assessor
Lot size
21,764 SF, Maricopa County Assessor
Year built
2005, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Predominant use
Warehouse W/26%-60% Interior Finish, Maricopa County Assessor
Assessed value
$1,611,500, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$246.63/SF, derived from assessor records
Building area / lot
0.3, derived from assessor records
Vintage
2000s vintage
County use code
WAREHOUSE W/26%-60% INTERIOR FINISH

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

Want to talk to the owner? makeme1031 delivers a private letter directly to the owner of record. We never publish the owner's identity or address.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Received a letter about this building? It came from a real buyer through makeme1031; claiming is how you reply privately, on your terms.

Claimed owners also get Portfolio Pulse: a monthly email tracking this building's value.

Claim or manage this building

Sale history and market context

MakeMe Estimate: $1.83M (estimated market value), with a likely range of $1.47M to $2.17M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,611,500 times a 1.14 market ratio, measured from 3891 verified arm's-length sale prices vs county values (small-bay industrial sales in Gilbert, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 14 comparable sales within 3 miles; nearest 0.1 mi. This property type carries wider measured error; treat the estimate as a starting point.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 14 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Industrial in Gilbert

median verified sale $236.69/SF over the trailing 24 months; 14 sales in the last 12 months and 32 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.99x to 1.50x their county full cash value, median 1.29x (32 sales with usable county values).

  • 2022: $204.46/SF median (13 sales)
  • 2023: $202.45/SF median (11 sales)
  • 2024: $240.18/SF median (17 sales)
  • 2025: $170.65/SF median (14 sales)

This estimate sits at 1.14x county full cash value, the 31st percentile of those recent sale premiums.

Computed from 198 verified arm's-length sales in Maricopa County public records (32 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2009-07-01 for $725,000 (recorded arm's-length sale).

Current ownership dates to 2009 (about 17 years) per recorded transfers.

Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$1M$2M$3M20262027$1.83M$1.61MCounty assessed value

Dark line: county assessed value per Maricopa County tax rolls. Diamonds: recorded arm's-length sales.

Land, site, and value history

Assessed value moved from $1,460,300 (2026) to $1,611,500 (2027), up 10% over 1 years, per county tax rolls. The 2027 roll splits $1,611,500 into $228,800 land and $1,382,700 improvements.