MakeMe Estimate: $1.95M (estimated market value), with a likely range of $1.56M to $2.31M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,683,000 times a 1.16 market ratio, measured from 59 office sales in Chandler 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 1.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $1,400,000 in 2025; the estimate is about 39% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 41% below the $342.33/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 Chandler
median verified sale $143.78/SF over the trailing 24 months; 10 sales in the last 12 months and 32 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.83x to 1.68x their county full cash value, median 1.22x (32 sales with usable county values).
2022: $189.73/SF median (12 sales)
2023: $212.36/SF median (13 sales)
2024: $203.03/SF median (19 sales)
2025: $120.91/SF median (16 sales)
This estimate sits at 1.16x county full cash value, the 41st percentile of those recent sale premiums.
Computed from 268 verified arm's-length sales in Maricopa County public records (32 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-05-01 for $1,400,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-05-01: $1,400,000 from Neh Properties LLC to 78 W Ray Road LLC, rec. 250330868
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 $1,302,900 (2022) to $1,683,000 (2027), up 29% over 5 years, per county tax rolls. The 2027 roll splits $1,683,000 into $864,400 land and $818,600 improvements.