615 W Ray Rd, Gilbert, AZ 85233

Retail · Gilbert · Phoenix metro, AZ

One of 718 reachable retail buildings in Gilbert. Larger than 48% of retail buildings in Gilbert (median 6,464 SF), derived from assessor records.

County gross building area
6,331 SF, Maricopa County Assessor
Lot size
75,232 SF, Maricopa County Assessor
Year built
2004, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Car/Truck Wash, Maricopa County Assessor
Assessed value
$1,784,581, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$281.88/SF, derived from assessor records
Building area / lot
0.08, derived from assessor records
Vintage
2000s vintage
County use code
CAR/TRUCK WASH

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: $2.34M (estimated market value), with a likely range of $1.87M to $2.77M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,784,581 times a 1.31 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Gilbert, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 10 comparable sales within 3 miles; nearest 0.1 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $1,150,000 in 2025; the estimate is about 103% apart. Treat the recorded trade as strong evidence alongside the model.

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 10 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Retail in Gilbert

median verified sale $549.28/SF over the trailing 24 months; 11 sales in the last 12 months and 35 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.71x to 2.40x their county full cash value, median 1.38x (35 sales with usable county values).

  • 2022: $411.58/SF median (19 sales)
  • 2023: $511.51/SF median (8 sales)
  • 2024: $567.31/SF median (18 sales)
  • 2025: $452.59/SF median (9 sales)

This estimate sits at 1.31x county full cash value, the 49th percentile of those recent sale premiums.

Computed from 249 verified arm's-length sales in Maricopa County public records (35 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2025-08-01 for $1,150,000 (recorded arm's-length sale).

Current ownership dates to 2025 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$1M$2M$3M202520262027Last sold $1.15M · 2025$2.34M$1.78MCounty 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 $1,778,228 (2026) to $1,784,582 (2027), up 0% over 1 years, per county tax rolls. The 2027 roll splits $1,784,582 into $1,033,900 land and $750,681 improvements.