MakeMe Estimate: $8.18M (estimated market value), with a likely range of $6.54M to $9.7M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $5,927,459 times a 1.38 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Mesa, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 4 comparable sales within 3 miles; nearest 1.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $7,500,000 in 2023; the estimate is about 9% apart. Treat the recorded trade as strong evidence alongside the model.
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: Retail in Mesa
median verified sale $268.13/SF over the trailing 24 months; 54 sales in the last 12 months and 111 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.80x to 2.41x their county full cash value, median 1.38x (109 sales with usable county values).
2022: $302.66/SF median (54 sales)
2023: $217.71/SF median (43 sales)
2024: $243.31/SF median (45 sales)
2025: $288.31/SF median (61 sales)
2026 YTD: $261.64/SF median (12 sales)
This estimate sits at 1.38x county full cash value, the 50th percentile of those recent sale premiums.
Computed from 849 verified arm's-length sales in Maricopa County public records (111 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2023-10-01 for $7,500,000 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-10-01: $7,500,000 from Aei Sossaman LLC to CH-FSR I/Mesa Shops at Sossaman LLC, rec. 230557166
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 $5,907,361 (2026) to $5,927,459 (2027), up 0% over 1 years, per county tax rolls. The 2027 roll splits $5,927,459 into $1,837,100 land and $4,090,359 improvements.