MakeMe Estimate: $2.8M (estimated market value), with a likely range of $2.24M to $3.32M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $2,220,002 times a 1.26 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Tempe, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 10 comparable sales within 3 miles; nearest 0.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $1,575,000 in 2025; the estimate is about 78% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 69% above the $366.39/SF median of the shown comparable sales.
Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 10 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.
Market context: Retail in Tempe
median verified sale $366.39/SF over the trailing 24 months; 20 sales in the last 12 months and 36 in 24 (newest verified sale 2026-01); the middle 80% of recent sales traded at 0.71x to 2.31x their county full cash value, median 1.41x (36 sales with usable county values).
2022: $420.83/SF median (16 sales)
2023: $212.10/SF median (13 sales)
2024: $294.12/SF median (14 sales)
2025: $449.30/SF median (14 sales)
This estimate sits at 1.26x county full cash value, the 47th percentile of those recent sale premiums.
Computed from 265 verified arm's-length sales in Maricopa County public records (36 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-08-01 for $1,575,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-08-01: $1,575,000 from Circle K Stores INC to 119 University LLC, rec. 250485859
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 $2,216,070 (2026) to $2,220,003 (2027), up 0% over 1 years, per county tax rolls. The 2027 roll splits $2,220,003 into $1,785,600 land and $434,402 improvements.