82 W Ray Rd, Gilbert, AZ 85233

Commercial · Gilbert · Phoenix metro, AZ

One of 94 reachable commercial buildings in Gilbert. Larger than 28% of commercial buildings in Gilbert (median 32,940 SF), derived from assessor records.

County gross building area
10,842 SF, Maricopa County Assessor
Lot size
72,021 SF, Maricopa County Assessor
Year built
2008, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Predominant use
Health & Fitness Club, Maricopa County Assessor
Assessed value
$3,907,471, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$360.40/SF, derived from assessor records
Building area / lot
0.15, derived from assessor records
Vintage
2000s vintage
County use code
HEALTH & FITNESS CLUB

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $5.29M (estimated market value), with a likely range of $4.23M to $6.27M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $3,907,471 times a 1.35 market ratio, measured from 3891 verified arm's-length sale prices vs county values (commercial sales across the county, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 5 comparable sales within 3 miles; nearest 0.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $2,514,000 in 2021. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 72% above the $283.46/SF median of the shown comparable sales.

Comparable sales used as evidence

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.

Last sold: 2021-08-01 for $2,514,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 years) per recorded transfers.

Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$2M$4M$6M$8M2021202320252027Last sold $2.51M · 2021$5.29M$3.91MCounty assessed valueRecorded sale

Dark line: county assessed value per Maricopa County tax rolls. Diamonds: recorded arm's-length sales.

Land, site, and value history

Assessed value moved from $3,843,694 (2026) to $3,907,472 (2027), up 2% over 1 years, per county tax rolls. The 2027 roll splits $3,907,472 into $1,083,000 land and $2,824,471 improvements.