MakeMe Estimate: $7.18M (estimated market value), with a likely range of $5.74M to $8.52M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $5,907,900 times a 1.22 market ratio, measured from 31 single-tenant industrial sales in Mesa within a 3,891-sale countywide calibration (since 2022-01, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 3 comparable sales within 3 miles; nearest 0 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $9,500,000 in 2023; the estimate is about 24% apart. Treat the recorded trade as strong evidence alongside the model.
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 Mesa
median verified sale $167.10/SF over the trailing 24 months; 22 sales in the last 12 months and 43 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.88x to 1.65x their county full cash value, median 1.28x (43 sales with usable county values).
2022: $154.39/SF median (27 sales)
2023: $164.15/SF median (24 sales)
2024: $138.41/SF median (16 sales)
2025: $193.13/SF median (24 sales)
2026 YTD: $179.24/SF median (7 sales)
This estimate sits at 1.22x county full cash value, the 42nd percentile of those recent sale premiums.
Computed from 336 verified arm's-length sales in Maricopa County public records (43 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2023-07-01 for $9,500,000 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-07-01: $9,500,000 from Airspension LLC to Phoenix Airbagit Partners LLC, rec. 230395812
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 $3,209,242 (2022) to $5,907,900 (2027), up 84% over 5 years, per county tax rolls. The 2027 roll splits $5,907,900 into $1,355,500 land and $4,552,400 improvements.