MakeMe Estimate: $18.5M (estimated market value), with a likely range of $14.8M to $21.9M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $15,859,220 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: 5 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 $15,400,000 in 2023; the estimate is about 20% 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 $39.47/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: 2023-03-01 for $15,400,000 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-03-01: $15,400,000 from CWRP Baywood Mob Owner LLC to NSP-Mesa Mob I LLC, rec. 240115359
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 $8,361,755 (2024) to $15,859,220 (2027), up 90% over 3 years, per county tax rolls. The 2027 roll splits $15,859,220 into $1,250,400 land and $14,608,820 improvements.