MakeMe Estimate range: $5.03M to $7.47M (estimated market value range). This building's own 2025 recorded sale at $12.7M sits 102% above this estimate's midpoint, so we lead with the range rather than a single number. Computed as the county's full cash value of $5,403,582 times a 1.17 market ratio, measured from 153 office sales in Mesa within a 3,891-sale countywide calibration (since 2022-01, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 4 comparable sales within 3 miles; nearest 1.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $12,709,526 in 2025; the estimate is about 50% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 71% above the $138.08/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 Mesa
median verified sale $200.39/SF over the trailing 24 months; 30 sales in the last 12 months and 66 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.78x to 2.11x their county full cash value, median 1.25x (66 sales with usable county values).
2022: $153.46/SF median (46 sales)
2023: $198.80/SF median (34 sales)
2024: $192.75/SF median (37 sales)
2025: $198.64/SF median (33 sales)
2026 YTD: $284.05/SF median (6 sales)
This estimate sits at 1.17x county full cash value, the 38th percentile of those recent sale premiums.
Computed from 532 verified arm's-length sales in Maricopa County public records (66 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-05-01 for $12,709,526 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-05-01: $12,709,526 from 455 East Sixth Street LLC to NS Retail Holdings LLC, rec. 250279339
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 $3,454,800 (2022) to $5,403,583 (2027), up 56% over 5 years, per county tax rolls. The 2027 roll splits $5,403,583 into $736,800 land and $4,666,782 improvements.