450 E Elliot Rd, Chandler, AZ 85225

Small-Bay Industrial · Chandler · Phoenix metro, AZ

One of 430 reachable small-bay industrial buildings in Chandler. Larger than 84% of small-bay industrial buildings in Chandler (median 16,128 SF), derived from assessor records.

County gross building area
57,026 SF, Maricopa County Assessor
Lot size
184,285 SF, Maricopa County Assessor
Year built
2008, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Predominant use
Office/Retail Warehouse, Maricopa County Assessor
Assessed value
$10,498,100, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$184.09/SF, derived from assessor records
Building area / lot
0.31, derived from assessor records
Vintage
2000s vintage
County use code
OFFICE/RETAIL WAREHOUSE

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: $12.6M (estimated market value), with a likely range of $10M to $14.9M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $10,498,100 times a 1.20 market ratio, measured from 3891 verified arm's-length sale prices vs county values (small-bay industrial sales in Chandler, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 3 comparable sales within 3 miles; nearest 1.1 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $12,650,000 in 2021. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is well above (more than double apart from) the $86.61/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: Industrial in Chandler

median verified sale $196.43/SF over the trailing 24 months; 18 sales in the last 12 months and 41 in 24 (newest verified sale 2026-02); the middle 80% of recent sales traded at 0.94x to 1.57x their county full cash value, median 1.22x (41 sales with usable county values).

  • 2022: $228.53/SF median (18 sales)
  • 2023: $204.38/SF median (21 sales)
  • 2024: $200.49/SF median (20 sales)
  • 2025: $191.59/SF median (17 sales)
  • 2026 YTD: $239.87/SF median (6 sales)

This estimate sits at 1.20x county full cash value, the 41st percentile of those recent sale premiums.

Computed from 319 verified arm's-length sales in Maricopa County public records (41 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2021-11-01 for $12,650,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 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$5M$10M$15M2021202320252027Last sold $12.7M · 2021$12.6M$10.5MCounty 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 $10,749,500 (2026) to $10,498,100 (2027), down 2% over 1 years, per county tax rolls. The 2027 roll splits $10,498,100 into $2,429,100 land and $8,069,000 improvements.