1223 E Elwood St, Phoenix, AZ 85040

Retail · Phoenix · Phoenix metro, AZ

One of 7,090 reachable retail buildings in Phoenix. Larger than 27% of retail buildings in Phoenix (median 4,017 SF), derived from assessor records.

County gross building area
2,400 SF, Maricopa County Assessor
Lot size
74,270 SF, Maricopa County Assessor
Year built
1986, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Predominant use
Miscellaneous Commercial, Maricopa County Assessor
Assessed value
$679,962, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$283.32/SF, derived from assessor records
Building area / lot
0.03, derived from assessor records
Vintage
1980s vintage
County use code
MISCELLANEOUS COMMERCIAL

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

Want to talk to the owner? makeme1031 delivers a private letter directly to the owner of record. We never publish the owner's identity or address.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Received a letter about this building? It came from a real buyer through makeme1031; claiming is how you reply privately, on your terms.

Claimed owners also get Portfolio Pulse: a monthly email tracking this building's value.

Claim or manage this building

Sale history and market context

MakeMe Estimate: $904K (estimated market value), with a likely range of $723K to $1.07M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $679,962 times a 1.33 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Phoenix, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 14 comparable sales within 3 miles; nearest 0.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 36% below the $588.84/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 14 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Retail in Phoenix

median verified sale $306.02/SF over the trailing 24 months; 133 sales in the last 12 months and 261 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.84x to 2.57x their county full cash value, median 1.48x (261 sales with usable county values).

  • 2022: $229.28/SF median (156 sales)
  • 2023: $281.69/SF median (120 sales)
  • 2024: $278.84/SF median (138 sales)
  • 2025: $309.52/SF median (134 sales)
  • 2026 YTD: $376.65/SF median (35 sales)

This estimate sits at 1.33x county full cash value, the 39th percentile of those recent sale premiums.

Computed from 2,143 verified arm's-length sales in Maricopa County public records (261 in the trailing 24 months). Free public records. Not an appraisal.

Current ownership dates to 2021 (about 5 years) per recorded transfers.

Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$500K$1M$1.5M20262027$904K$680KCounty assessed value

Dark line: county assessed value per Maricopa County tax rolls.

Land, site, and value history

Assessed value moved from $665,244 (2026) to $679,962 (2027), up 2% over 1 years, per county tax rolls. The 2027 roll splits $679,962 into $600,400 land and $79,562 improvements.