4040 W Ray Rd, Chandler, AZ 85226

Retail · Chandler · Phoenix metro, AZ

One of 797 reachable retail buildings in Chandler. Larger than 81% of retail buildings in Chandler (median 6,674 SF), derived from assessor records.

County gross building area
22,100 SF, Maricopa County Assessor
Lot size
133,748 SF, Maricopa County Assessor
Year built
2002, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Neighborhood Shopping Center, Maricopa County Assessor
Assessed value
$4,462,413, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$201.92/SF, derived from assessor records
Building area / lot
0.17, derived from assessor records
Vintage
2000s vintage
County use code
NEIGHBORHOOD SHOPPING CENTER

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: $5.42M (estimated market value), with a likely range of $4.33M to $6.43M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $4,462,413 times a 1.22 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Chandler, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 6 comparable sales within 3 miles; nearest 0.8 mi. This property type carries wider measured error; treat the estimate as a starting point.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 6 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Retail in Chandler

median verified sale $398.92/SF over the trailing 24 months; 18 sales in the last 12 months and 36 in 24 (newest verified sale 2026-02); the middle 80% of recent sales traded at 0.64x to 2.17x their county full cash value, median 1.22x (36 sales with usable county values).

  • 2022: $377.07/SF median (18 sales)
  • 2023: $372.55/SF median (13 sales)
  • 2024: $434.58/SF median (16 sales)
  • 2025: $416.67/SF median (13 sales)
  • 2026 YTD: $253.50/SF median (5 sales)

This estimate sits at 1.22x county full cash value, the 50th percentile of those recent sale premiums.

Computed from 291 verified arm's-length sales in Maricopa County public records (36 in the trailing 24 months). Free public records. Not an appraisal.

Value over time

$0$2M$4M$6M$8M20262027$5.42M$4.46MCounty assessed value

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

Land, site, and value history

Assessed value moved from $4,464,142 (2026) to $4,462,413 (2027), up 0% over 1 years, per county tax rolls. The 2027 roll splits $4,462,413 into $2,152,848 land and $2,309,564 improvements.