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    5301 Thomas Rd Phoenix, AZ 85018

    For Sale
    $3,750,000

    1.3-Acre Commercial Lot, R-5 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.3-acre commercial land parcel presents a remarkable opportunity for development in Phoenix, Arizona. Located at 5301 E Thomas Rd, in the desirable lower Arcadia neighborhood (zip code 85018), this property is zoned R-5, offering significant potential for a variety of projects. The site is currently listed at $3,750,000 and is permit-ready, streamlining the development process. Preliminary plans, designed by Capital Allocation Partners, envision a 56-unit, four-story garden-style apartment complex incorporating a mix of studio, one-bedroom, and two-bedroom units, along with a swimming pool. This prime location in Maricopa County provides excellent access to major transportation routes and a vibrant urban environment. The existing plans offer a strong foundation for immediate development, but the R-5 zoning allows for considerable flexibility in project design. This is an exceptional opportunity to acquire a strategically located, fully permitted land parcel in a high-demand area of Phoenix, poised for immediate development or tailored to suit your specific vision. The property's size and zoning provide a unique opportunity for a high-density residential or mixed-use development. Serious inquiries are encouraged.

    Property Features for 5301 Thomas Rd

    General Information

    Property type
    Land
    Lot Size
    56,628 SF

    HighLights

    • 1.3‑acre commercial land parcel in Phoenix, Arizona's desirable lower Arcadia neighborhood (85018).
    • Located at 5301 E Thomas Rd, zoned R‑5, and priced at $3,750,000.
    • Permit‑ready site with preliminary plans for a 56‑unit, four‑story garden‑style apartment complex (studio, 1‑bed, 2‑bed units, pool).
    • Excellent access to major transportation routes and a vibrant urban environment.
    • Offers flexibility for high‑density residential or mixed‑use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NeuroRestorative Nursing Home National Mentor Healthcare Health Consultant Arbor of Phoenix Apartment Building AWCCA Association Or Organization

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.96665448
    Latitude
    33.48011544

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    FAQs

    What type of property is this?
    Land - 1.3-Acre Commercial Lot, R-5 Zoning
    Where is this land located?
    The property is located at 5301 Thomas Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: 1.3-acre commercial land parcel in Phoenix, Arizona's desirable lower Arcadia neighborhood (85018).; Located at 5301 E Thomas Rd, zoned R-5, and priced at $3,750,000.; Permit-ready site with preliminary plans for a 56-unit, four-story garden-style apartment complex (studio, 1-bed, 2-bed units, pool).
    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
    5301 Thomas Rd Phoenix, AZ 85018
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