One of 729 reachable small-bay industrial buildings in Tempe. Larger than 42% of small-bay industrial buildings in Tempe (median 19,335 SF), derived from assessor records.
County gross building area
15,215 SF, Maricopa County Assessor
Lot size
150,674 SF, Maricopa County Assessor
Year built
1997, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
3, Maricopa County Assessor
Predominant use
Warehouse W/Office/Retail,planned Par, Maricopa County Assessor
Assessed value
$4,420,000, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$290.50/SF, derived from assessor records
Building area / lot
0.1, derived from assessor records
Vintage
1990s vintage
County use code
WAREHOUSE W/OFFICE/RETAIL,PLANNED PAR
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $5.33M (estimated market value), with a likely range of $4.26M to $6.32M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $4,420,000 times a 1.21 market ratio, measured from 3891 verified arm's-length sale prices vs county values (small-bay industrial sales in Tempe, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 6 comparable sales within 3 miles; nearest 1 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $6,200,000 in 2025; the estimate is about 14% 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. The strongest 5 of 6 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.
Market context: Industrial in Tempe
median verified sale $244.58/SF over the trailing 24 months; 23 sales in the last 12 months and 49 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.98x to 1.61x their county full cash value, median 1.30x (49 sales with usable county values).
2022: $170.34/SF median (13 sales)
2023: $215.84/SF median (18 sales)
2024: $211.86/SF median (31 sales)
2025: $237.85/SF median (21 sales)
2026 YTD: $311.94/SF median (6 sales)
This estimate sits at 1.21x county full cash value, the 39th percentile of those recent sale premiums.
Computed from 383 verified arm's-length sales in Maricopa County public records (49 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-06-01 for $6,200,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-06-01: $6,200,000 from 1117 Ranch LLC to TWR Ranch Road LLC, rec. 250707571
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 $3,881,400 (2026) to $4,420,000 (2027), up 14% over 1 years, per county tax rolls. The 2027 roll splits $4,420,000 into $1,988,800 land and $2,431,200 improvements.