229 S River Dr, Tempe, AZ 85288

Single-Tenant Industrial · Tempe · Phoenix metro, AZ

One of 338 reachable single-tenant industrial buildings in Tempe. Larger than 18% of single-tenant industrial buildings in Tempe (median 16,495 SF), derived from assessor records.

County gross building area
7,525 SF, Maricopa County Assessor
Lot size
24,024 SF, Maricopa County Assessor
Year built
1977, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Manufacture Durable/Nondurable Goods, Maricopa County Assessor
Assessed value
$1,005,700, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$133.65/SF, derived from assessor records
Building area / lot
0.31, derived from assessor records
Vintage
1970s vintage
County use code
MANUFACTURE DURABLE/NONDURABLE GOODS

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: $1.18M (estimated market value), with a likely range of $939K to $1.39M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,005,700 times a 1.17 market ratio, measured from 3891 verified arm's-length sale prices vs county values (single-tenant industrial sales in Tempe, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 1 comparable sale 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 36% below the $244.58/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: Industrial in Tempe

median verified sale $244.58/SF over the trailing 24 months; 23 sales in the last 12 months and 49 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.98x to 1.61x their county full cash value, median 1.30x (49 sales with usable county values).

  • 2022: $170.34/SF median (13 sales)
  • 2023: $215.84/SF median (18 sales)
  • 2024: $211.86/SF median (31 sales)
  • 2025: $237.85/SF median (21 sales)
  • 2026 YTD: $311.94/SF median (6 sales)

This estimate sits at 1.17x county full cash value, the 35th percentile of those recent sale premiums.

Computed from 383 verified arm's-length sales in Maricopa County public records (49 in the trailing 24 months). Free public records. Not an appraisal.

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$500K$1M$1.5M20262027$1.18M$1.01MCounty assessed value

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

Land, site, and value history

Assessed value moved from $1,018,200 (2026) to $1,005,700 (2027), down 1% over 1 years, per county tax rolls. The 2027 roll splits $1,005,700 into $531,600 land and $474,100 improvements.