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

    N 167 Ave, Unit 53 Surprise, AZ 85387

    View on Map
    Sponsored
    For Sale
    $550,000

    LAND - Surprise, AZ

    Lot size:
    4.56 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 6:06 pm

    Property Features for N 167 Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-43
    APN
    503-50-061-A
    Fencing
    Chain Link
    Lot size
    4.56 Acres

    We can help!

    Listing Contact
    Skip Woodrow

    RE/MAX Excalibur (480) 355-3500

    Listing agent Skip Woodrow (602) 710-0576

    Listing date Mar 6, 2026

    MLS# 6994816 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.

    Learn more

    Property Insight Report

    Overview

    Prime Horse Property Land

    This property features approximately 4.56 acres of land suitable for horse property. It is located with frontage on 167th Avenue and White Wing in Surprise, Arizona. The property is zoned R-43 and is subdividable into one-acre parcels. The surrounding area features million-dollar homes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.335
    Latitude
    33.6296

    Nearby Similar for Sale

    • New
      $139,900
      0.06 Acres

      Surprise, AZ RV Lot

      Spacious RV lot with renovated shed and golf course views.
      17200 W Bell Rd, Surprise, AZ 85374
      View Details
    • New
      $224,000
      470 SF

      RV Lot with Arizona Room

      Unique RV property with versatile Arizona Room in 55+ resort.
      17200 W Bell Rd, Surprise, AZ 85374
      View Details
    • New
      $244,900
      0.06 Acres

      RV Resort Living with Home

      RV resort lot with stick-built home in active 55+ community.
      17200 W Bell Rd, Surprise, AZ 85374
      View Details
    • $1,672,000
      6,204 SF

      Modern Office Building For Sale

      6,204 SF well-maintained office building in prime Phoenix location.
      11325 W Bell Rd, Surprise, AZ 85378
      View Details
    • $2,150,000
      7,035 SF

      Three-Tenant Office Building For Sale

      Three-tenant office building with income potential and green space.
      11327 W Bell Rd, Surprise, AZ 85378
      View Details
    • $167,200
      6,204 SF

      Northwest Valley Office Building

      Office building in Northwest Valley with income potential.
      11325 W Bell Rd, Surprise, AZ 85378
      View Details
    • $2,209,000
      7,035 SF

      Office Suites in Surprise, Arizona

      7,035 SF office property with C-2 zoning.
      11327 W Bell Rd, Surprise, AZ 85378
      View Details
    • $1,070,000
      2,769 SF

      Medical Office Space For Sale

      Well-equipped medical office space with covered parking and prime location.
      14827 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      2,200 SF

      Cactus & Reems Retail Pad

      Shovel-ready retail pad site with drive-thru in Surprise, AZ.
      15433 W Cactus Rd, Surprise, AZ 85379
      View Details
    • Contact for pricing
      3,804 SF

      Freestanding Bank Pad with Drive-Thru

      Freestanding 3,804 SF bank pad with drive-thru for sale.
      17063 W Greenway Rd, Surprise, AZ 85388
      View Details
    • Contact for pricing
      2,820 SF

      Retail Space Near Loop-303

      Retail space adjacent to new apartment development near Loop-303.
      N Cotton Ln, Surprise, AZ 85388
      View Details
    • Contact for pricing
      3,331 SF

      Medical Office Building in Surprise

      9,989 SF medical office building in Surprise, Arizona for sale.
      12329 W Bola Dr, Surprise, AZ 85378
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Almost five acres of land suitable for horse property.
    Where is this residential land & home lot located?
    The property is located at N 167 Ave, Unit 53 Surprise, AZ.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Almost five acres of prime horse property.; - Subdividable into one-acre parcels.; - Frontage on 167th Ave and White Wing.
    (602) 710-0576
    Request Owner's contact information
    N 167 Ave, Unit 53 Surprise, AZ 85387
    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.
    N 167 Ave, Unit 53
    Surprise, AZ 85387
    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
    N 167 Ave, Unit 53 Surprise, AZ 85387
    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

    We can help!
    Listing Contact
    Skip Woodrow
    Real Estate License ID: SA627888000
    (602) 710-0576 (623) 298-2404 (480) 685-2760
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!