MakeMe Estimate: $7.91M (estimated market value), with a likely range of $6.32M to $9.38M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $5,479,598 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 0.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $10,876,942 in 2025; the estimate is about 27% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 28% below the $226.31/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: 2025-06-01 for $10,876,942 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-06-01: $10,876,942 from Nectar Dabling 2023 LLC/Nectar Watkins 2024 L to 7212 East Ray LLC, rec. 250475156
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 $5,276,313 (2026) to $5,479,598 (2027), up 4% over 1 years, per county tax rolls. The 2027 roll splits $5,479,598 into $1,369,400 land and $4,110,198 improvements.