MakeMe Estimate: $16.8M (estimated market value), with a likely range of $13.4M to $19.9M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $11,634,905 times a 1.44 market ratio, measured from 3891 verified arm's-length sale prices vs county values (commercial sales in Mesa, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 3 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: $19,000,000 in 2021. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 41% above the $224.15/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: Commercial in Mesa
median verified sale $224.15/SF over the trailing 24 months; 5 sales in the last 12 months and 9 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.60x to 2.35x their county full cash value, median 1.55x (9 sales with usable county values).
2022: $209.19/SF median (5 sales)
2024: $266.51/SF median (4 sales)
This estimate sits at 1.44x county full cash value, the 44th percentile of those recent sale premiums.
Computed from 73 verified arm's-length sales in Maricopa County public records (9 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2021-08-01 for $19,000,000 (recorded arm's-length sale).
Current ownership dates to 2021 (about 5 years) per recorded transfers.
2021-08-01: $19,000,000 from Gateway Hospitality Group LLC to 6907 East Ray Road Owner LP, rec. 210932171
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 $11,255,498 (2026) to $11,634,905 (2027), up 3% over 1 years, per county tax rolls. The 2027 roll splits $11,634,905 into $1,666,000 land and $9,968,905 improvements.