MakeMe Estimate: $4.39M (estimated market value), with a likely range of $3.51M to $5.21M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $3,349,897 times a 1.31 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Gilbert, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 5 comparable sales within 3 miles; nearest 0.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $3,300,000 in 2025; the estimate is about 33% apart. Treat the recorded trade as strong evidence alongside the model.
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: Retail in Gilbert
median verified sale $549.28/SF over the trailing 24 months; 11 sales in the last 12 months and 35 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.71x to 2.40x their county full cash value, median 1.38x (35 sales with usable county values).
2022: $411.58/SF median (19 sales)
2023: $511.51/SF median (8 sales)
2024: $567.31/SF median (18 sales)
2025: $452.59/SF median (9 sales)
This estimate sits at 1.31x county full cash value, the 49th percentile of those recent sale premiums.
Computed from 249 verified arm's-length sales in Maricopa County public records (35 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-04-01 for $3,300,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-04-01: $3,300,000 from Rangel Enterprises Arizona LLC to Lam and Zhou Capital LLC, rec. 250483405
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 $3,323,880 (2026) to $3,349,898 (2027), up 1% over 1 years, per county tax rolls. The 2027 roll splits $3,349,898 into $1,421,100 land and $1,928,797 improvements.