MakeMe Estimate: $260M (estimated market value), with a likely range of $208M to $309M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $195,492,300 times a 1.33 market ratio, measured from 1403 retail sales across the county within a 3,891-sale countywide calibration (since 2022-01, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: parcel-level comparable support is thin; treat the estimate as a starting point. Recent sale check: this building sold for $246,866,895 in 2023; the estimate is about 5% apart. Treat the recorded trade as strong evidence alongside the model.
Comparable sales
No nearby verified sales clear our evidence bar for this building right now. We show only real arm's-length sales inside the market's $/SF integrity band, never junk transfers.
Market context: Retail in Tolleson
3 sales in the last 12 months and 6 in 24 (newest verified sale 2026-01).
Computed from 41 verified arm's-length sales in Maricopa County public records (6 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2023-12-01 for $246,866,895 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-12-01: $246,866,895 from TGV Investments LLC/HRNJ LLC/HRNL LLC/HRNM LL to Ib10 Hermosa Ranch LLC, rec. 240379632
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 $2,803,189 (2024) to $195,492,300 (2027), up 6874% over 3 years, per county tax rolls. The 2027 roll splits $195,492,300 into $195,492,300 land and $0 improvements.