8046 E Ray Rd, Mesa, AZ 85212

Small-Bay Industrial · Mesa · Phoenix metro, AZ

One of 716 reachable small-bay industrial buildings in Mesa. Larger than 100% of small-bay industrial buildings in Mesa (median 18,466 SF), derived from assessor records.

County gross building area: 615,202 SF, Maricopa County Assessor
Lot size: 1,563,013 SF, Maricopa County Assessor
Year built: 2020, Maricopa County Assessor
Stories: 1, Maricopa County Assessor
Buildings on parcel: 4, Maricopa County Assessor
Predominant use: Office/Retail Warehouse, Maricopa County Assessor
Assessed value: $87,803,500, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF: $142.72/SF, derived from assessor records
Building area / lot: 0.39, derived from assessor records
Vintage: 2020s vintage
County use code: OFFICE/RETAIL WAREHOUSE

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

7613 E Ray Rd, Mesa · 0.5 mi · 229,934 SF · built 2019 · assessed $185.34/SF
7931 E Pecos Rd, Mesa · 3 mi · 219,004 SF · built 2008 · assessed $180.08/SF
8228 E Germann Rd, Mesa · 3.2 mi · 183,770 SF · built 2008 · assessed $98.99/SF
709 E Auto Center Dr, Mesa · 9.8 mi · 155,430 SF · built 2019 · assessed $176.19/SF
720 E Auto Center Dr, Mesa · 9.9 mi · 344,641 SF · built 2015 · assessed $164.04/SF

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Sale history and market context

MakeMe Estimate: $101M (estimated market value), with a likely range of $80.4M to $119M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $87,803,500 times a 1.15 market ratio, measured from 3891 verified arm's-length sale prices vs county values (small-bay industrial sales in Mesa, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 0 comparable sales within 3 miles; nearest 3 mi. This property type carries wider measured error; treat the estimate as a starting point.

Comparable sales used as evidence

7931 E Pecos Rd, Mesa: $60,250,000 (2022-03), 219,004 SF, $275.11/SF, 3 mi away

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: Industrial in Mesa

median verified sale $167.10/SF over the trailing 24 months; 22 sales in the last 12 months and 43 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.88x to 1.65x their county full cash value, median 1.28x (43 sales with usable county values).

2022: $154.39/SF median (27 sales)
2023: $164.15/SF median (24 sales)
2024: $138.41/SF median (16 sales)
2025: $193.13/SF median (24 sales)
2026 YTD: $179.24/SF median (7 sales)

This estimate sits at 1.15x county full cash value, the 33rd percentile of those recent sale premiums.

Computed from 336 verified arm's-length sales in Maricopa County public records (43 in the trailing 24 months). Free public records. Not an appraisal.

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. Not an appraisal. How this estimate works.