16940 E Colony Dr, Fountain Hills, AZ 85268

Retail · Fountain Hills · Phoenix metro, AZ

One of 149 reachable retail buildings in Fountain Hills. Larger than 59% of retail buildings in Fountain Hills (median 4,991 SF), derived from assessor records.

County gross building area
6,348 SF, Maricopa County Assessor
Lot size
15,872 SF, Maricopa County Assessor
Year built
1986, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Auto Repair Garage, Autos/Light Truck, Maricopa County Assessor
Assessed value
$531,839, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$83.78/SF, derived from assessor records
Building area / lot
0.4, derived from assessor records
Vintage
1980s vintage
County use code
AUTO REPAIR GARAGE, AUTOS/LIGHT TRUCK

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: $767K (estimated market value), with a likely range of $613K to $910K (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $531,839 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: 12 comparable sales within 3 miles; nearest 0.1 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 48% below the $230.32/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 12 nearby verified sales are shown. 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.

Current ownership dates to 2001 (about 25 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$250K$500K$750K$1M20262027$767K$532KCounty assessed value

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

Land, site, and value history

Assessed value moved from $505,865 (2026) to $531,839 (2027), up 5% over 1 years, per county tax rolls. The 2027 roll splits $531,839 into $188,832 land and $343,006 improvements.