420 S Smith Rd, Tempe, AZ 85288

Office · Tempe · Phoenix metro, AZ

One of 885 reachable office buildings in Tempe. Larger than 76% of office buildings in Tempe (median 6,941 SF), derived from assessor records.

County gross building area
17,226 SF, Maricopa County Assessor
Lot size
49,040 SF, Maricopa County Assessor
Year built
1999, Maricopa County Assessor
Stories
2, Maricopa County Assessor
Predominant use
Office Building 2 Story, Maricopa County Assessor
Assessed value
$2,854,900, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$165.73/SF, derived from assessor records
Building area / lot
0.35, derived from assessor records
Vintage
1990s vintage
County use code
OFFICE BUILDING 2 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: $3.44M (estimated market value), with a likely range of $2.75M to $4.08M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $2,854,900 times a 1.21 market ratio, measured from 3891 verified arm's-length sale prices vs county values (office sales in Tempe, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 8 comparable sales within 3 miles; nearest 1.5 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 8 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Office in Tempe

median verified sale $207.20/SF over the trailing 24 months; 25 sales in the last 12 months and 44 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.73x to 1.61x their county full cash value, median 1.30x (44 sales with usable county values).

  • 2022: $147.06/SF median (26 sales)
  • 2023: $152.01/SF median (14 sales)
  • 2024: $241.84/SF median (26 sales)
  • 2025: $242.52/SF median (22 sales)
  • 2026 YTD: $165.68/SF median (4 sales)

This estimate sits at 1.21x county full cash value, the 43rd percentile of those recent sale premiums.

Computed from 279 verified arm's-length sales in Maricopa County public records (44 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2019-08-01 for $2,550,000 (recorded arm's-length sale).

Current ownership dates to 2019 (about 7 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$2M$4M$6M20192021202320252027Last sold $2.55M · 2019$3.44M$2.85MCounty 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 $2,759,100 (2026) to $2,854,900 (2027), up 3% over 1 years, per county tax rolls. The 2027 roll splits $2,854,900 into $1,136,100 land and $1,718,800 improvements.