MakeMe Estimate: $72.1M (estimated market value), with a likely range of $57.6M to $85.5M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $59,851,667 times a 1.21 market ratio, measured from 3891 verified arm's-length sale prices vs county values (office sales in Tempe, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 2.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $61,500,000 in 2026; the estimate is about 17% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 72% above the $146.51/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 Tempe
median verified sale $207.20/SF over the trailing 24 months; 25 sales in the last 12 months and 44 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.73x to 1.61x their county full cash value, median 1.30x (44 sales with usable county values).
2022: $147.06/SF median (26 sales)
2023: $152.01/SF median (14 sales)
2024: $241.84/SF median (26 sales)
2025: $242.52/SF median (22 sales)
2026 YTD: $165.68/SF median (4 sales)
This estimate sits at 1.21x county full cash value, the 43rd percentile of those recent sale premiums.
Computed from 279 verified arm's-length sales in Maricopa County public records (44 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2026-01-01 for $61,500,000 (recorded arm's-length sale).
Current ownership dates to 2026 per recorded transfers.
2026-01-01: $61,500,000 from Rio West Grand Avenue Partners LLC to Tempe Holdco LLC, rec. 260058443
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 $62,518,087 (2026) to $59,851,668 (2027), down 4% over 1 years, per county tax rolls. The 2027 roll splits $59,851,668 into $14,066,600 land and $45,785,067 improvements.