MakeMe Estimate: $4.45M (estimated market value), with a likely range of $3.55M to $5.28M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $3,524,451 times a 1.26 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Tempe, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 12 comparable sales within 3 miles; nearest 0.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $2,000,000 in 2025; the estimate is about 122% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is well above (more than 3x apart from) the $390.93/SF median of the shown comparable sales.
Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 12 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.
Market context: Retail in Tempe
median verified sale $366.39/SF over the trailing 24 months; 20 sales in the last 12 months and 36 in 24 (newest verified sale 2026-01); the middle 80% of recent sales traded at 0.71x to 2.31x their county full cash value, median 1.41x (36 sales with usable county values).
2022: $420.83/SF median (16 sales)
2023: $212.10/SF median (13 sales)
2024: $294.12/SF median (14 sales)
2025: $449.30/SF median (14 sales)
This estimate sits at 1.26x county full cash value, the 47th percentile of those recent sale premiums.
Computed from 265 verified arm's-length sales in Maricopa County public records (36 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-08-01 for $2,000,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-08-01: $2,000,000 from Arizona Mills Mall LLC to Lone Butte Assets LLC, rec. 260063518
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 $3,514,618 (2026) to $3,524,452 (2027), up 0% over 1 years, per county tax rolls. The 2027 roll splits $3,524,452 into $2,812,000 land and $712,451 improvements.