MakeMe Estimate: $4.13M (estimated market value), with a likely range of $3.3M to $4.9M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $3,551,678 times a 1.16 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Peoria, through 2026-06-29). Not an appraisal. How this estimate works.
lower confidence: 8 comparable sales within 3 miles; nearest 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Last arm's-length sale: $8,278,640 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 28% below the $365.67/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 8 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.
Market context: Retail in Peoria
median verified sale $386.03/SF over the trailing 24 months; 12 sales in the last 12 months and 25 in 24 (newest verified sale 2026-02); the middle 80% of recent sales traded at 0.80x to 2.83x their county full cash value, median 1.46x (24 sales with usable county values).
2022: $364.50/SF median (12 sales)
2023: $319.01/SF median (9 sales)
2024: $313.62/SF median (13 sales)
2025: $445.36/SF median (11 sales)
This estimate sits at 1.16x county full cash value, the 38th percentile of those recent sale premiums.
Computed from 197 verified arm's-length sales in Maricopa County public records (25 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2022-10-01 for $8,278,640 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
2022-10-01: $8,278,640 from Westpac Realty Fund X LLC to Realty Income Properties 27 LLC, rec. 220767043
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 $3,464,333 (2026) to $3,551,679 (2027), up 3% over 1 years, per county tax rolls. The 2027 roll splits $3,551,679 into $1,639,800 land and $1,911,878 improvements.