16986 W Waddell Rd, Surprise, AZ 85388

Retail · Surprise · Phoenix metro, AZ

One of 354 reachable retail buildings in Surprise. Larger than 5% of retail buildings in Surprise (median 7,000 SF), derived from assessor records.

County gross building area
1,328 SF, Maricopa County Assessor
Lot size
50,269 SF, Maricopa County Assessor
Year built
2022, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Beverages/Prepared Food/No Kitchen, Maricopa County Assessor
Assessed value
$1,282,925, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$966.06/SF, derived from assessor records
Building area / lot
0.03, derived from assessor records
Vintage
2020s vintage
County use code
BEVERAGES/PREPARED FOOD/NO KITCHEN

Nearby comparable buildings

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

Want to talk to the owner? makeme1031 delivers a private letter directly to the owner of record. We never publish the owner's identity or address.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Received a letter about this building? It came from a real buyer through makeme1031; claiming is how you reply privately, on your terms.

Claimed owners also get Portfolio Pulse: a monthly email tracking this building's value.

Claim or manage this building

Sale history and market context

MakeMe Estimate: $1.7M (estimated market value), with a likely range of $1.36M to $2.01M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,282,925 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: 0 comparable sales within 3 miles; nearest 3.9 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $3,358,974 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is well above (more than double apart from) the $463.82/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. 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: 2022-06-01 for $3,358,974 (recorded arm's-length sale).

Current ownership dates to 2022 (about 4 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$1M$2M$3M$4M202220232024202520262027Last sold $3.36M · 2022$1.7M$1.28MCounty assessed valueRecorded sale

Dark line: county assessed value per Maricopa County tax rolls. Diamonds: recorded arm's-length sales.

Land, site, and value history

Assessed value moved from $1,195,748 (2026) to $1,282,925 (2027), up 7% over 1 years, per county tax rolls. The 2027 roll splits $1,282,925 into $637,500 land and $645,425 improvements.