MakeMe Estimate range: $3.25M to $4.82M (estimated market value range). This building's own 2022 recorded sale at $5.95M sits 46% 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 $3,485,600 times a 1.17 market ratio, measured from 49 office sales in Glendale within a 3,891-sale countywide calibration (since 2022-01, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 7 comparable sales within 3 miles; nearest 0.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $5,952,927 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price.
Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 7 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.
Market context: Office in Glendale
median verified sale $175.64/SF over the trailing 24 months; 14 sales in the last 12 months and 26 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.63x to 1.57x their county full cash value, median 1.17x (26 sales with usable county values).
2022: $251.10/SF median (10 sales)
2023: $188.90/SF median (8 sales)
2024: $154.85/SF median (13 sales)
2025: $153.94/SF median (13 sales)
2026 YTD: $275.04/SF median (4 sales)
This estimate sits at 1.17x county full cash value, the 46th percentile of those recent sale premiums.
Computed from 168 verified arm's-length sales in Maricopa County public records (26 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-05-01 for $5,952,927 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-05-01: $5,952,927 from Aarare2 LLC to Rheum Medical 2 LLC, rec. 220465004
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 $1,844,300 (2022) to $3,485,600 (2027), up 89% over 5 years, per county tax rolls. The 2027 roll splits $3,485,600 into $1,303,600 land and $2,182,000 improvements.