MakeMe Estimate: $1.77M (estimated market value), with a likely range of $1.41M to $2.09M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,346,490 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: 6 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 $5,800,000 in 2023; the estimate is about 70% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 55% above the $557.77/SF median of the shown comparable sales.
Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 6 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: 2023-08-01 for $5,800,000 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-08-01: $5,800,000 from KB Gilbert 777 Propco LLC to Private party, rec. 230421682
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 $1,347,199 (2026) to $1,346,490 (2027), up 0% over 1 years, per county tax rolls. The 2027 roll splits $1,346,490 into $1,035,200 land and $311,290 improvements.