Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    113xx W Jomax Road Peoria, AZ 85383

    View on Map
    Claim this Listing
    For Sale
    $824,900

    LAND - Peoria, AZ

    Lot size:
    2.47 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    54
    Last Refresh:
    May 1 at 2:06 pm

    Property Features for 113xx W Jomax Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R43
    Standard status
    Active
    APN
    201-21-010-D
    Lot size
    2.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 12 SEC 6 EX E 330.54F TH/OF
    Tax Annual Amount
    1263

    We can help!

    Listing Contact
    Holly Hagedorn

    Listing agent Holly Hagedorn

    Listing office Howe Realty 9059 W Lake Pleasant Pkwy Building B Suite 200, Peoria, AZ

    Listing date Mar 9, 2026

    MLS# 6995768 Listing URL

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Peoria Land Parcel For Sale

    This residential land parcel, located in North Peoria, Arizona, offers approximately 2.47 acres. The property is situated on a slight slope, potentially providing views. It is located across from state land and has no Home Owners Association. The property allows for animals, RVs, boats and ATVs. It is located close to Lake Pleasant, freeways, and shopping. The owner may consider splitting the parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.305451
    Latitude
    33.724475

    Nearby Similar for Sale

    • $899,900
      4,144 SF

      Peoria Assisted Living Facility

      Licensed assisted living business in Peoria, Arizona. Occupancy 100%.
      N 83 Avenue, Peoria, AZ 85383
      View Details
    • $450,000

      Peoria, AZ Hillside Lot

      Prime lot with mountain views in gated community.
      7423 W BROOKHART Way, Peoria, AZ 85383
      View Details
    • $400,000

      Peoria Land with Desert Views

      1.147-acre lot with unobstructed desert and mountain views.
      000xx N 92ND Avenue, Peoria, AZ 85383
      View Details
    • $745,000

      Peoria, AZ Land Opportunity

      Three lots available for development in Peoria, Arizona.
      9825 W Peoria Avenue, Peoria, AZ 85345
      View Details
    • $995,000

      Corner Lot Near 101 Freeway

      Corner lot near 101 Freeway, ideal for retail.
      9134 W PEORIA Avenue, Peoria, AZ 85345
      View Details
    • $369,999

      Peoria, AZ Land For Sale

      3.09 acre commercial land available in Peoria, Arizona.
      W Westwind Drive, Peoria, AZ 85383
      View Details
    • $2,600,000

      Peoria Multifamily Investment Opportunity

      Nine-unit multifamily property in Peoria, Arizona with upgraded units.
      11705 N 79TH Drive, Peoria, AZ 85345
      View Details
    • $1,495,000
      2,846 SF

      Peoria Assisted Living Facility

      Turnkey assisted living facility in a desirable Peoria neighborhood.
      Peoria, AZ 85382
      View Details
    • $385,000

      Peoria Land with Panoramic Views

      Almost 3/4 acre lot with city, sunset, mountain views.
      28894 N CHALFEN Boulevard, Peoria, AZ 85383
      View Details
    • $685,000

      2.5 Acres in North Peoria

      Land with mountain views, development potential, desirable North Peoria location.
      N 92nd Ave --, Peoria, AZ 85383
      View Details
    • $799,000
      3,105 SF

      Flex Industrial Condo For Sale

      Flex industrial condo with freeway frontage, restrooms with showers.
      9299 W Olive Ave, Ste 203, Peoria, AZ 85345
      View Details
    • $484,000

      Peoria Acreage for Custom Home

      One-acre lot ready for a custom-built home in Peoria.
      104XX W AVENIDA DEL SOL Road, Peoria, AZ 85383
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.47 acre residential land in North Peoria, Arizona.
    Where is this residential land & home lot located?
    The property is located at 113xx W Jomax Road Peoria, AZ.
    What is the asking price?
    The asking price for this property is $824,900.
    What are key features of this property?
    This property features: Large 2.5 acre home site with GREAT VIEWS; No HOA and no through traffic; Direct access to state land
    (623) 400-3219
    We can help!
    Listing Contact
    Holly Hagedorn
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    113xx W Jomax Road, Peoria, AZ 85383

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!