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    8216 Thomas Rd Phoenix, AZ 85033

    For Sale
    $315,000

    0.39-Acre C-2 Zoned Lot, $315,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 0.39-acre commercial land parcel, located at 8216 W Thomas Rd in Phoenix, Arizona, presents a unique investment opportunity. The property, identified by APN 02-72-179, is zoned C-2, offering a wide range of potential commercial uses. The lot encompasses 16,945 square feet and sits at a high-traffic, signalized intersection boasting approximately 81,000 vehicles per day (VPD), ensuring excellent visibility and accessibility for any future development. This strategic location is further enhanced by its proximity to a newly proposed multi-family and retail plaza in an adjacent intersection, promising synergistic growth and increased foot traffic. The asking price for this prime commercial land is $315,000, making it an attractive proposition for developers and investors seeking a foothold in a thriving Phoenix market. The property's ideal location and zoning regulations make it suitable for a variety of commercial ventures, offering significant potential for future returns. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly developing area of Phoenix. Don't miss out on this chance to secure a piece of Phoenix's vibrant commercial landscape.

    Property Features for 8216 Thomas Rd

    General Information

    Property type
    Land
    Lot Size
    16,988 SF

    HighLights

    • Lot Size: 16,945 SF
    • Zoning: C‑2
    • APN: 02‑72‑179
    • High‑traffic signalized intersection, ±81,000 VPD
    • Adjacent to proposed multi‑family and retail development
    • Sale Price: $315,000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.236333
    Latitude
    33.480306

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    FAQs

    What type of property is this?
    Land - 0.39-Acre C-2 Zoned Lot, $315,000
    Where is this land located?
    The property is located at 8216 Thomas Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Lot Size: 16,945 SF; Zoning: C-2; APN: 02-72-179
    (480) 522-2798
    Request Owner's contact information
    8216 Thomas Rd Phoenix, AZ 85033
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    Phoenix, AZ 85033
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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
    8216 Thomas Rd Phoenix, AZ 85033
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