16835 E Shea Blvd, Fountain Hills, AZ 85268

Retail · Fountain Hills · Phoenix metro, AZ

One of 149 reachable retail buildings in Fountain Hills. Larger than 99% of retail buildings in Fountain Hills (median 4,991 SF), derived from assessor records.

County gross building area
78,717 SF, Maricopa County Assessor
Lot size
473,071 SF, Maricopa County Assessor
Year built
2003, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
5, Maricopa County Assessor
Predominant use
Community Shop Ctr Open Air, Maricopa County Assessor
Assessed value
$12,725,338, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$161.66/SF, derived from assessor records
Building area / lot
0.17, derived from assessor records
Vintage
2000s vintage
County use code
COMMUNITY SHOP CTR OPEN AIR

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $18.4M (estimated market value), with a likely range of $14.7M to $21.8M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $12,725,338 times a 1.44 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Fountain Hills, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 3 comparable sales within 3 miles; nearest 0.4 mi. This property type carries wider measured error; treat the estimate as a starting point.

Comparable sales used as evidence

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 Fountain Hills

median verified sale $209.65/SF over the trailing 24 months; 4 sales in the last 12 months and 13 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.75x to 1.94x their county full cash value, median 1.50x (13 sales with usable county values).

  • 2022: $192.50/SF median (5 sales)
  • 2023: $22.34/SF median (5 sales)
  • 2024: $195.28/SF median (9 sales)
  • 2025: $230.32/SF median (4 sales)

This estimate sits at 1.44x county full cash value, the 46th percentile of those recent sale premiums.

Computed from 56 verified arm's-length sales in Maricopa County public records (13 in the trailing 24 months). Free public records. Not an appraisal.

Value over time

$0$10M$20M$30M20262027$18.4M$12.7MCounty assessed valueMakeMe Estimate range

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. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $13,592,009 (2026) to $12,725,339 (2027), down 6% over 1 years, per county tax rolls. The 2027 roll splits $12,725,339 into $4,031,751 land and $8,693,587 improvements.