23131 N Lake Pleasant Pkwy, Peoria, AZ 85383

Office · Peoria · Phoenix metro, AZ

One of 437 reachable office buildings in Peoria. Larger than 54% of office buildings in Peoria (median 6,398 SF), derived from assessor records.

County gross building area
6,451 SF, Maricopa County Assessor
Lot size
55,214 SF, Maricopa County Assessor
Year built
2011, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Predominant use
Office Building 1 Story, Maricopa County Assessor
Assessed value
$1,684,200, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$261.08/SF, derived from assessor records
Building area / lot
0.12, derived from assessor records
Vintage
2010s vintage
County use code
OFFICE BUILDING 1 STORY

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: $2.11M (estimated market value), with a likely range of $1.68M to $2.5M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,684,200 times a 1.25 market ratio, measured from 3891 verified arm's-length sale prices vs county values (office sales in Peoria, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 4 comparable sales within 3 miles; nearest 1.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $2,400,000 in 2026; the estimate is about 12% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is well above (more than 3x apart from) the $107.61/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: Office in Peoria

median verified sale $174.05/SF over the trailing 24 months; 8 sales in the last 12 months and 21 in 24 (newest verified sale 2026-02); the middle 80% of recent sales traded at 0.89x to 1.46x their county full cash value, median 1.25x (21 sales with usable county values).

  • 2022: $203.41/SF median (12 sales)
  • 2023: $203.21/SF median (10 sales)
  • 2024: $174.05/SF median (12 sales)
  • 2025: $178.35/SF median (5 sales)
  • 2026 YTD: $235.82/SF median (4 sales)

This estimate sits at 1.25x county full cash value, the 48th percentile of those recent sale premiums.

Computed from 140 verified arm's-length sales in Maricopa County public records (21 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2026-01-01 for $2,400,000 (recorded arm's-length sale).

Current ownership dates to 2026 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$3M20262027Last sold $2.4M · 2026$2.11M$1.68MCounty 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 $1,523,000 (2026) to $1,684,200 (2027), up 11% over 1 years, per county tax rolls. The 2027 roll splits $1,684,200 into $918,500 land and $765,700 improvements.