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    820 E Chipman Rd, Unit 1 Phoenix, AZ 85040

    Sponsored
    For Sale
    $170,000

    LAND - Phoenix, AZ

    Lot size:
    0.26 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 10 at 6:06 am

    Property Features for 820 E Chipman Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    APN
    113-48-001-B
    Lot size
    0.26 Acres

    My Home Group (480) 685-2760 [email protected]

    Listing agent Cecilia Mulroy (602) 577-5797

    Listing date Jan 6, 2026

    MLS# 6962362 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

    Phoenix Land Development Opportunity

    This vacant land parcel, located in South Phoenix (85040), presents a development opportunity in an area with redevelopment momentum. The site is situated minutes from Downtown Phoenix and key transportation corridors. It lies within a primarily residential and mixed-use corridor of East Chipman Road, positioned near single-family homes, multifamily properties, and redevelopment parcels. The surrounding area exhibits diverse housing types, ranging from traditional single-family lots to larger multifamily investment properties, reflecting increasing demand for urban-proximate infill land. The property is zoned R3 and has a lot size of 0.26 acres. Nearby parcels along Chipman Road have been marketed or traded as development sites for residential and multifamily projects, underlining the strong redevelopment potential of infill lots in this section of the 85040 zip code.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.061699
    Latitude
    33.402555

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    FAQs

    What type of property is this?
    Land - Vacant land parcel in South Phoenix near Downtown.
    Where is this land located?
    The property is located at 820 E Chipman Rd, Unit 1 Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: - Rare development opportunity in South Phoenix (85040) with strong redevelopment momentum.; - Minutes from Downtown Phoenix and key transportation corridors.; - Located in a primarily residential and mixed-use corridor of East Chipman Road.
    (602) 577-5797
    Request Owner's contact information
    820 E Chipman Rd, Unit 1 Phoenix, AZ 85040
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    Realmo Value Estimation

    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.

    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.

    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
    820 E Chipman Rd, Unit 1 Phoenix, AZ 85040
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