One of 94 reachable commercial buildings in Gilbert. Larger than 97% of commercial buildings in Gilbert (median 32,940 SF), derived from assessor records.
County gross building area
108,887 SF, Maricopa County Assessor
Lot size
516,054 SF, Maricopa County Assessor
Year built
2003, Maricopa County Assessor
Stories
2, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Health & Fitness Club, Maricopa County Assessor
Assessed value
$32,414,706, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$297.69/SF, derived from assessor records
Building area / lot
0.21, derived from assessor records
Vintage
2000s vintage
County use code
HEALTH & FITNESS CLUB
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $43.9M (estimated market value), with a likely range of $35.1M to $52.1M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $32,414,706 times a 1.35 market ratio, measured from 3891 verified arm's-length sale prices vs county values (commercial sales across the county, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 4 comparable sales within 3 miles; nearest 0.7 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $25,250,000 in 2024; the estimate is about 74% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 41% above the $286.47/SF median of the shown comparable sales.
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.
Last sold: 2024-09-01 for $25,250,000 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2024-09-01: $25,250,000 from LTF Real Estate CMBS II LLC to NHNR Hold CO 6 LLC, rec. 240538606
Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
Dark line: county assessed value per Maricopa County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $31,954,426 (2026) to $32,414,707 (2027), up 1% over 1 years, per county tax rolls. The 2027 roll splits $32,414,707 into $8,199,100 land and $24,215,606 improvements.