MakeMe Estimate: $2.31M (estimated market value), with a likely range of $1.85M to $2.74M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,848,067 times a 1.25 market ratio, measured from 3891 verified arm's-length sale prices vs county values (office sales in Peoria, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 5 comparable sales within 3 miles; nearest 1.1 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $2,100,000 in 2024; the estimate is about 10% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is well above (more than 3x apart from) the $178.35/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: Office in Peoria
median verified sale $174.05/SF over the trailing 24 months; 8 sales in the last 12 months and 21 in 24 (newest verified sale 2026-02); the middle 80% of recent sales traded at 0.89x to 1.46x their county full cash value, median 1.25x (21 sales with usable county values).
2022: $203.41/SF median (12 sales)
2023: $203.21/SF median (10 sales)
2024: $174.05/SF median (12 sales)
2025: $178.35/SF median (5 sales)
2026 YTD: $235.82/SF median (4 sales)
This estimate sits at 1.25x county full cash value, the 48th percentile of those recent sale premiums.
Computed from 140 verified arm's-length sales in Maricopa County public records (21 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2024-12-01 for $2,100,000 (recorded arm's-length sale).
Current ownership dates to 2024 (about 2 years) per recorded transfers.
2024-12-01: $2,100,000 from Asap Acquisitions LLC to Arc Peoria 92 LLC, rec. 250054408
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 $1,723,389 (2026) to $1,848,068 (2027), up 7% over 1 years, per county tax rolls. The 2027 roll splits $1,848,068 into $1,004,400 land and $843,667 improvements.