MakeMe Estimate: $42.5M (estimated market value), with a likely range of $34M to $50.4M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $36,389,652 times a 1.17 market ratio, measured from 3891 verified arm's-length sale prices vs county values (office sales in Gilbert, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 2 comparable sales within 3 miles; nearest 1.7 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $53,100,000 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 30% below the $406.21/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 Gilbert
median verified sale $188.98/SF over the trailing 24 months; 13 sales in the last 12 months and 28 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.68x to 1.84x their county full cash value, median 1.25x (28 sales with usable county values).
2022: $100.17/SF median (18 sales)
2023: $93.51/SF median (14 sales)
2024: $162.17/SF median (11 sales)
2025: $138.61/SF median (10 sales)
2026 YTD: $343.74/SF median (8 sales)
This estimate sits at 1.17x county full cash value, the 39th percentile of those recent sale premiums.
Computed from 209 verified arm's-length sales in Maricopa County public records (28 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-07-01 for $53,100,000 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-07-01: $53,100,000 from RST 6a LLC to Cp6rst LLC, rec. 220697349
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 $37,338,190 (2026) to $36,389,652 (2027), down 3% over 1 years, per county tax rolls. The 2027 roll splits $36,389,652 into $7,252,300 land and $29,137,352 improvements.