MakeMe Estimate: $2.69M (estimated market value), with a likely range of $2.15M to $3.18M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,953,008 times a 1.38 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Glendale, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 1.7 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $3,200,000 in 2023; the estimate is about 16% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 46% above the $179.74/SF median of the shown comparable sales.
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 Glendale
median verified sale $299.30/SF over the trailing 24 months; 26 sales in the last 12 months and 52 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.76x to 2.69x their county full cash value, median 1.46x (52 sales with usable county values).
2022: $263.74/SF median (39 sales)
2023: $216.59/SF median (21 sales)
2024: $307.84/SF median (25 sales)
2025: $257.40/SF median (28 sales)
This estimate sits at 1.38x county full cash value, the 44th percentile of those recent sale premiums.
Computed from 406 verified arm's-length sales in Maricopa County public records (52 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2023-06-01 for $3,200,000 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-06-01: $3,200,000 from Master Techs Holdings LLC to 12445 Glendale Partners LLC, rec. 230337646
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 $1,786,592 (2026) to $1,953,009 (2027), up 9% over 1 years, per county tax rolls. The 2027 roll splits $1,953,009 into $887,300 land and $1,065,708 improvements.