1425 W Elliot Rd, Gilbert, AZ 85233

Office · Gilbert · Phoenix metro, AZ

One of 1,175 reachable office buildings in Gilbert. Larger than 92% of office buildings in Gilbert (median 5,978 SF), derived from assessor records.

County gross building area
29,791 SF, Maricopa County Assessor
Lot size
2,464 SF, Maricopa County Assessor
Year built
2004, Maricopa County Assessor
Stories
2, Maricopa County Assessor
Predominant use
Office Condominium 1 Story, Maricopa County Assessor
Assessed value
$730,800, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$24.53/SF, derived from assessor records
Building area / lot
12.09, derived from assessor records
Vintage
2000s vintage
County use code
OFFICE CONDOMINIUM 1 STORY

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $854K (estimated market value), with a likely range of $682K to $1.01M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $730,800 times a 1.17 market ratio, measured from 3891 verified arm's-length sale prices vs county values (office sales in Gilbert, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 1 comparable sale within 3 miles; nearest 1.8 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $770,000 in 2021. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 64% below the $79.30/SF median of the shown comparable sales.

Comparable sales used as evidence

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

Market context: Office in Gilbert

median verified sale $188.98/SF over the trailing 24 months; 13 sales in the last 12 months and 28 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.68x to 1.84x their county full cash value, median 1.25x (28 sales with usable county values).

  • 2022: $100.17/SF median (18 sales)
  • 2023: $93.51/SF median (14 sales)
  • 2024: $162.17/SF median (11 sales)
  • 2025: $138.61/SF median (10 sales)
  • 2026 YTD: $343.74/SF median (8 sales)

This estimate sits at 1.17x county full cash value, the 39th percentile of those recent sale premiums.

Computed from 209 verified arm's-length sales in Maricopa County public records (28 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2021-12-01 for $770,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 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$500K$1M$1.5M2021202320252027Last sold $770K · 2021$854K$731KCounty assessed valueRecorded sale

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 $794,700 (2026) to $730,800 (2027), down 8% over 1 years, per county tax rolls. The 2027 roll splits $730,800 into $146,100 land and $584,700 improvements.