1040 S Gilbert Rd, Gilbert, AZ 85296 Property Records

Maricopa County property record for 1040 S Gilbert Rd, Gilbert, AZ 85296

Property Summary

Property TypeNeighborhood Shopping Center, Strip Center
Details15,366 sqft · built 2004
Lot Size1.94 acres (84,811 sqft)
OwnerOwner Name on Record
Last Sale$13,400,000 (Dec 2013)
Tax Bill$49,077 (2025)
Deeds & MortgagesAug 2019 Loan Modification
Dec 2017 Mortgage
Flood ZoneZone X (moderate risk)
APN302-82-984

Property Details

APN / Parcel Number

Primary APN302-82-984
Alternative APN
  • 30282980

Interior

Units2 Units
Stories2 Stories
Building Area15,366 sqft Total Area
1st Floor Area15,366 sqft

Exterior

Year BuiltBuilt 2004
Exterior MaterialStucco
Construction TypeSteel Frame
Fire ResistanceWood or Wood & Steel Frame
Lot Area84,811 sqft (1.94 acres)
Patio Area176 sqft
Total Buildings2 Buildings

Utilities, Heating & Cooling

Cooling SystemHVAC
Heating SystemPackage Unit

Location & Zoning

Old Parcel Number30282980
Street Address1040 S GILBERT RD
CityGILBERT
StateAZ
Zip85296-3469
Property CategoryCommercial
Property TypeCommercial > Retail > Neighborhood Shopping Center, Strip Center
Local Zoning CodeSC
Legal DescriptionGILBERT TOWN SQUARE LOT 6B REPLAT MCR 670-41
Legal Range05E
Legal Township01S
Legal Section24
Legal QuarterNE
Quarter-Quarter SectionSE
Legal SubdivisionGILBERT TOWN SQUARE LOT 6B REPLAT
Legal Lot Number6B
JurisdictionMARICOPA AZ
Township / Civil DivisionCHANDLER
Census Block Group1
Census Block1000
Census Tract814300

Owner

Source: Maricopa County records, as of November 20, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordOwner Name on Record
Mailing Address11111 SANTA MONICA BLVD STE 600, 600, LOS ANGELES, CA 90025-3340

Deeds, Mortgages & Sale History

DateDocument
Aug 29, 2019Loan Modification, Mortgage · Line of Credit
BANK OF AMERICA
Dec 21, 2017Grant Deed, Mortgage
BANK OF AMERICA

Assessor's Deed Record

Deed NamesName on Deed
Last SaleDec 24, 2013 · Amount on Record
Deed SaleDec 24, 2013 · Amount on Record
Prior SaleSep 8, 2006 · Amount on Record
Deed Document Number20131083377
Record UpdatedJun 8, 2026

August 2019: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionMARICOPA AZ
Recording DateAug 29, 2019
Property Address1040 S GILBERT RD, GILBERT, AZ 85296-3469
Instrument DateAug 27, 2019
Instrument674749
Transaction TypeMortgage
Record UpdatedSep 9, 2019
Title CompanyCHICAGO TITLE COMPANY, CHICAGO TITLE AGENCY

Transaction

Tax$0.00
Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address11111 SANTA MONICA BLVD #600 LOS ANGELES CA 900253340, 600, LOS ANGELES, CA 90025-3340

Mortgage

Document Number0000674749
DateAug 29, 2019
Instrument674749
Lender
NameBANK OF AMERICA
TypeBank
Address333 S HOPE ST # 20TH, LOS ANGELES, CA 90071-1406
Agreement
TypeLine of Credit
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

December 2017: Grant Deed, Mortgage

Document TypeGrant Deed
JurisdictionMARICOPA AZ
Recording DateDec 21, 2017
Property Address1040 S GILBERT RD, GILBERT, AZ 85296-3469
Instrument DateDec 20, 2017
Instrument946641
Transaction TypeMortgage
Record UpdatedJan 3, 2018
Title CompanyCHICAGO TITLE COMPANY

Transaction

Tax$0.00
Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address11111 SANTA MONICA BLVD #600 LOS ANGELES CA 900253340, 600, LOS ANGELES, CA 90025-3340

Mortgage

Document Number0000946641
DateDec 21, 2017
Instrument946641
Lender
NameBANK OF AMERICA
TypeBank
Address333 S HOPE ST # 20TH, LOS ANGELES, CA 90071-1406
Agreement
AmountAmount Recorded

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of January 1, 2025

Property Jurisdictions

TypeName
StateArizona
CountyMaricopa County
MunicipalityGilbert Town
Unified School DistrictGilbert Unified District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$868,877 (-10.07%)$5,605,660 (-4.27%) Land $2,150,300 Building $3,455,360
2025$49,077.00 (-2.78%)
2024$966,189$5,855,692 Land $2,320,400 Building $3,535,292
2023$50,481.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
moderate risk
500-Year FloodplainYes
0.2% annual chance
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 6 (20% premium discount)
Nearby Flood Policies1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 98% of the US · lower than 99.6% of Arizona
Wildfire LikelihoodUnder 0.01% annual chance
ExposureNone
beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemTOWN OF GILBERT
serves 247,600 people · EPA ID AZ0407092
Water SourceSurface water
Last State InspectionOct 2025
LeadUnder 1 ppb (2023–2025)
action level 15 ppb

Violations Reported to EPA

Water QualityTotal trihalomethanes
resolved · Jul 2017
Treatment and ProcedureTreatment report not submitted
Oct 2017
Monitoring and Reporting53
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 398 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Cox Communications
Cable · Fiber in parts of the area
2,000 / 100
Arizona Network
Fixed Wireless
1,000 / 1,000
Verizon
Fixed Wireless
1,000 / 75
Starlink
Satellite
280 / 30
AT&T
Fixed Wireless
100 / 20
T-Mobile
Fixed Wireless
100 / 20

May also be available: CenturyLink, GeoLinks, Tristate Wi-Fi by Wi-Fiber.

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