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    238 & Smith Enke Rd Maricopa, AZ 85138

    Sponsored
    For Sale
    $11,000,000

    Prime 141-acre residential development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 141-acre parcel, located at the intersection of Highway 238 and Smith Enke Road in Maricopa, Arizona (zip code 85138), presents a unique investment opportunity for large-scale residential development. Zoned for Medium Density Residential (2-6 DU/AC), this property allows for the creation of a thriving suburban community. The expansive lot size provides ample space for a variety of residential designs, catering to diverse housing needs. The APN numbers are 510-15-002C and 510-15-002F. The property's location offers convenient access to key areas, with an approximate 40-47 minute drive to Downtown Phoenix and Phoenix Sky Harbor International Airport, and a 23-28 minute drive to the Price Road Corridor. The surrounding area is characterized by planned, single-family residential neighborhoods, incorporating significant open space, recreational amenities, and essential community facilities such as schools and churches. This land offers a compelling opportunity to develop a vibrant and desirable residential community in a rapidly growing area. The asking price for this significant land parcel is $11,000,000.

    Property Features for 238 & Smith Enke Rd

    General Information

    Property type
    Land
    Lot Size
    6,141,960 SF

    HighLights

    • 141‑acre parcel in Maricopa, AZ (85138), at Hwy 238 & Smith Enke Rd.
    • Medium Density Residential zoning (2‑6 DU/AC).
    • APN: 510‑15‑002C & 510‑15‑002F.
    • ~40‑47 minute drive to Downtown Phoenix & Sky Harbor Airport.
    • ~23‑28 minute drive to Price Road Corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Maricopa
    County
    Pinal
    State
    Arizona
    Longitude
    -112.0440278
    Latitude
    33.0725116

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    FAQs

    What type of property is this?
    Land - Prime 141-acre residential development opportunity.
    Where is this land located?
    The property is located at 238 & Smith Enke Rd Maricopa, AZ.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: 141-acre parcel in Maricopa, AZ (85138), at Hwy 238 & Smith Enke Rd.; Medium Density Residential zoning (2-6 DU/AC).; APN: 510-15-002C & 510-15-002F.
    Request Owner's contact information
    238 & Smith Enke Rd Maricopa, AZ 85138
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    Maricopa, AZ 85138
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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
    238 & Smith Enke Rd Maricopa, AZ 85138
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