MakeMe Estimate range: $4.44M to $6.59M (estimated market value range). This building's own 2022 recorded sale at $13.3M sits 138% above this estimate's midpoint, so we lead with the range rather than a single number. Computed as the county's full cash value of $4,972,565 times a 1.12 market ratio, measured from 420 office sales in Phoenix within a 3,891-sale countywide calibration (since 2022-01, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 4 comparable sales within 3 miles; nearest 1 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $13,250,000 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 40% above the $124.57/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 Phoenix
median verified sale $217.33/SF over the trailing 24 months; 111 sales in the last 12 months and 225 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.73x to 1.73x their county full cash value, median 1.16x (224 sales with usable county values).
2022: $166.43/SF median (93 sales)
2023: $175/SF median (78 sales)
2024: $220.98/SF median (105 sales)
2025: $223.09/SF median (128 sales)
2026 YTD: $192.75/SF median (25 sales)
This estimate sits at 1.12x county full cash value, the 45th percentile of those recent sale premiums.
Computed from 1,330 verified arm's-length sales in Maricopa County public records (225 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-03-01 for $13,250,000 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-03-01: $13,250,000 from MCR Arizona Heart LLC to 1910 East Thomas Icjv II LLC, rec. 220201559
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 $6,290,500 (2022) to $4,972,566 (2027), down 21% over 5 years, per county tax rolls. The 2027 roll splits $4,972,566 into $940,049 land and $4,032,516 improvements.