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    83rd Ave & Thomas Rd Phoenix, AZ 85037

    Sponsored
    For Lease
    Contact for pricing

    Two Divisible Pads, Excellent Location

    Lot size:
    126,759 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Phoenix retail opportunity presents two divisible pads ideally situated at the highly visible intersection of 83rd Avenue and Thomas Road in Maricopa County, Arizona. The property boasts a total of approximately 2.91 acres of land, offering significant flexibility for various commercial uses. One pad encompasses approximately 1.27 acres, while the second offers approximately 1.64 acres, allowing for development tailored to specific business needs. Both pads are available for ground lease or build-to-suit arrangements, providing potential tenants with options to customize their space. The property's location within a thriving commercial area ensures high visibility and accessibility, making it an attractive proposition for a wide range of retail businesses, including restaurants, car washes, and other commercial ventures. The zip code is 85037. This prime location offers excellent access to major transportation routes and a dense population base, promising strong potential for return on investment. The property is classified as retail, with multiple tenancy options. The site is zoned for commercial use, allowing for a variety of development possibilities. This is a rare opportunity to secure a prominent location in a rapidly growing area of Phoenix. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

    Property Features for 83rd Ave & Thomas Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    126,759 SF

    Unit(s) available at that property

    Space
    Available 1.64 Acre PAD
    Size
    71,438 SF
    Space
    Available 1.27 Acre PAD
    Size
    55,321 SF

    HighLights

    • High‑visibility retail pads totaling 2.91 acres at the signalized intersection of 83rd Ave & Thomas Rd, Phoenix, AZ (zip code 85037).
    • Two divisible pads (1.27 acres and 1.64 acres) available for ground lease or build‑to‑suit.
    • Strong traffic counts: ±76,838 vehicles per day (VPD) at the intersection.
    • High daytime population: Over 320,000 within a 5‑mile radius.
    • Excellent freeway access: Approximately 1 mile from I‑10 Freeway (±240,540 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.23726694038
    Latitude
    33.478778526074

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    FAQs

    What type of property is this?
    Restaurant - Two Divisible Pads, Excellent Location
    Where is this restaurant located?
    The property is located at 83rd Ave & Thomas Rd Phoenix, AZ.
    What are key features of this property?
    This property features: High-visibility retail pads totaling 2.91 acres at the signalized intersection of 83rd Ave & Thomas Rd, Phoenix, AZ (zip code 85037).; Two divisible pads (1.27 acres and 1.64 acres) available for ground lease or build-to-suit.; Strong traffic counts: ±76,838 vehicles per day (VPD) at the intersection.
    Request Owner's contact information
    83rd Ave & Thomas Rd Phoenix, AZ 85037
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    Phoenix, AZ 85037
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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
    83rd Ave & Thomas Rd Phoenix, AZ 85037
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