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    23490 Jomax Rd Surprise, AZ 85387

    Sponsored
    For Sale
    $990,000

    Prime West Valley acreage, PAD zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18.25-acre parcel, located at 23490 W Jomax Rd, Surprise, AZ 85387, presents a unique investment opportunity in the rapidly expanding Surprise West Valley. Boasting PAD zoning, this flat land is ideally suited for immediate development, requiring minimal site preparation. The property's strategic location offers convenient access to major highways, including I-10, and proximity to the Loop 303 development. The expansive lot, extending 1,160 feet north along 235th Ave from the intersection of Jomax Rd and 235th Ave, provides ample space for a variety of commercial or residential projects. The property's eight parcels (APN: 503-33-002-N,P,Q,R,S,T,U,V) are currently assessed at a combined annual tax rate of $12. Given the explosive residential growth in the West Valley and the potential for future I-11 development nearby, this property represents a rare and highly desirable investment opportunity. The asking price is $990,000. Don't miss this chance to secure a prime piece of land in one of Arizona's fastest-growing areas.

    Property Features for 23490 Jomax Rd

    General Information

    Property type
    Land
    Lot Size
    794,970 SF

    HighLights

    • $990,000 asking price.
    • 18.25‑acre land parcel.
    • PAD zoning.
    • Located at 23490 W Jomax Rd, Surprise, AZ 85387 (Maricopa County).
    • APN: 503‑33‑002‑N,P,Q,R,S,T,U,V.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Wholesale Shop Clothing Store Gym & Fitness Department Store Kitchen & Bath Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.56716808363
    Latitude
    33.724655582007

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    FAQs

    What type of property is this?
    Land - Prime West Valley acreage, PAD zoning.
    Where is this land located?
    The property is located at 23490 Jomax Rd Surprise, AZ.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: $990,000 asking price.; 18.25-acre land parcel.; PAD zoning.
    Request Owner's contact information
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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
    23490 Jomax Rd Surprise, AZ 85387
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