3231 S Mill Ave, Tempe, AZ 85282

Commercial · Tempe · Phoenix metro, AZ

One of 130 reachable commercial buildings in Tempe. Larger than 7% of commercial buildings in Tempe (median 51,720 SF), derived from assessor records.

County gross building area
5,432 SF, Maricopa County Assessor
Lot size
9,191 SF, Maricopa County Assessor
Year built
2022, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Predominant use
Part Comp Conv/Strip Stores, Supermkt, Maricopa County Assessor
Assessed value
$969,884, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$178.55/SF, derived from assessor records
Building area / lot
0.59, derived from assessor records
Vintage
2020s vintage
County use code
PART COMP CONV/STRIP STORES, SUPERMKT

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: $1.31M (estimated market value), with a likely range of $1.05M to $1.56M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $969,884 times a 1.35 market ratio, measured from 3891 verified arm's-length sale prices vs county values (commercial sales across the county, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 5 comparable sales within 3 miles; nearest 1 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is well above (more than double apart from) the $89.26/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: Commercial in Tempe

median verified sale $238.68/SF over the trailing 24 months; 6 sales in the last 12 months and 8 in 24 (newest verified sale 2026-01); the middle 80% of recent sales traded at 0.27x to 3.04x their county full cash value, median 1.34x (8 sales with usable county values).

  • 2022: $298.10/SF median (5 sales)
  • 2025: $238.68/SF median (4 sales)

This estimate sits at 1.35x county full cash value, the 63rd percentile of those recent sale premiums.

Computed from 44 verified arm's-length sales in Maricopa County public records (8 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2016-06-01 for $835,000 (recorded arm's-length sale).

Current ownership dates to 2016 (about 10 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$1.5M$2M20262027$1.31M$970KCounty assessed value

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 $949,990 (2026) to $969,885 (2027), up 2% over 1 years, per county tax rolls. The 2027 roll splits $969,885 into $263,800 land and $706,084 improvements.