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    16187 Reems Rd Surprise, AZ 85374

    Sponsored
    For Sale
    $1,999,999

    2-Acre Lot, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.02-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Surprise, Arizona. Located at 16187 N Reems Rd, Surprise, AZ 85374, this property boasts a highly desirable Commercial Neighborhood zoning designation (APN: 501-17-979), offering a wide range of development possibilities. Its strategic location near the intersection of Loop 303 and Greenway Road ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The expansive lot size provides ample space for a substantial development project. Preliminary plans have suggested potential uses including a bank, convenience store, or a freestanding retail establishment, though the zoning allows for a multitude of other commercial uses. This property is priced at $1,999,999 and represents a significant chance to capitalize on the continued growth and development within Surprise's dynamic commercial sector. The property's location in Maricopa County offers easy access to major transportation arteries, ensuring convenient access for both employees and customers. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering.

    Property Features for 16187 Reems Rd

    General Information

    Property type
    Land
    Lot Size
    87,991 SF

    HighLights

    • 2.02‑acre commercial land parcel in Surprise, AZ.
    • Located at 16187 N Reems Rd, Surprise, AZ 85374 (APN: 501‑17‑979), with Commercial Neighborhood zoning.
    • High visibility and accessibility near Loop 303 and Greenway Road.
    • Ample space for substantial development; potential uses include bank, convenience store, or freestanding retail.
    • Priced at $1,999,999.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.393376
    Latitude
    33.630839

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    FAQs

    What type of property is this?
    Land - 2-Acre Lot, Excellent Location
    Where is this land located?
    The property is located at 16187 Reems Rd Surprise, AZ.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: 2.02-acre commercial land parcel in Surprise, AZ.; Located at 16187 N Reems Rd, Surprise, AZ 85374 (APN: 501-17-979), with Commercial Neighborhood zoning.; High visibility and accessibility near Loop 303 and Greenway Road.
    (623) 850-2330
    Request Owner's contact information
    16187 Reems Rd Surprise, AZ 85374
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    Surprise, AZ 85374
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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
    16187 Reems Rd Surprise, AZ 85374
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