MakeMe Estimate: $21M (estimated market value), with a likely range of $16.8M to $24.9M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $15,898,614 times a 1.32 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Surprise, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 4 comparable sales within 3 miles; nearest 1.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $18,000,000 in 2025; the estimate is about 17% 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 $230.66/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 Surprise
median verified sale $592.59/SF over the trailing 24 months; 6 sales in the last 12 months and 12 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.72x to 1.63x their county full cash value, median 1.33x (12 sales with usable county values).
2022: $483.85/SF median (13 sales)
2023: $299.66/SF median (7 sales)
2025: $592.59/SF median (4 sales)
This estimate sits at 1.32x county full cash value, the 50th percentile of those recent sale premiums.
Computed from 143 verified arm's-length sales in Maricopa County public records (12 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-09-01 for $18,000,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-09-01: $18,000,000 from FRHP Lincolnshire LLC to The Mile High Group LLC/the Draper Group, rec. 250536071
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 $15,083,959 (2026) to $15,898,614 (2027), up 5% over 1 years, per county tax rolls. The 2027 roll splits $15,898,614 into $5,165,100 land and $10,733,514 improvements.