8400 W Sherman St, Tolleson, AZ 85353

Single-Tenant Industrial · Tolleson · Phoenix metro, AZ

One of 97 reachable single-tenant industrial buildings in Tolleson. Larger than 90% of single-tenant industrial buildings in Tolleson (median 185,094 SF), derived from assessor records.

County gross building area
542,619 SF, Maricopa County Assessor
Lot size
2,830,307 SF, Maricopa County Assessor
Year built
2000, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
11, Maricopa County Assessor
Predominant use
Warehouse Not To Be Mkt Modeled, Maricopa County Assessor
Assessed value
$92,487,661, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$170.45/SF, derived from assessor records
Building area / lot
0.19, derived from assessor records
Vintage
2000s vintage
County use code
WAREHOUSE NOT TO BE MKT MODELED

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: $107M (estimated market value), with a likely range of $85.8M to $127M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $92,487,661 times a 1.16 market ratio, measured from 3891 verified arm's-length sale prices vs county values (single-tenant industrial sales across the county, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 4 comparable sales within 3 miles; nearest 0.4 mi. This property type carries wider measured error; treat the estimate as a starting point.

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.

Market context: Industrial in Tolleson

median verified sale $156.80/SF over the trailing 24 months; 6 sales in the last 12 months and 7 in 24 (newest verified sale 2026-03).

Computed from 34 verified arm's-length sales in Maricopa County public records (7 in the trailing 24 months). Free public records. Not an appraisal.

Value over time

$0$50M$100M$150M20262027$107M$92.5MCounty assessed valueMakeMe Estimate range

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.

Land, site, and value history

Assessed value moved from $89,208,587 (2026) to $92,487,661 (2027), up 4% over 1 years, per county tax rolls. The 2027 roll splits $92,487,661 into $18,375,600 land and $74,112,061 improvements.