Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    107th Ave & Camelback Rd Phoenix, AZ 85310

    • Land
    • 20.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 107th Ave & Camelback Rd

    Lot size
    20.16 lot acres
    Property type
    Land

    Description

    This exceptional 20.16-acre parcel presents a remarkable opportunity for residential development in the thriving Phoenix, Arizona market. Located at the Northeast corner of 107th Avenue and Camelback Road, this property boasts a highly desirable R1-18 zoning designation, offering significant potential for a variety of residential projects. The expansive lot size provides ample space for a substantial development, catering to the growing demand for housing in this dynamic area. The property's address is conveniently situated in Maricopa County, Arizona, with a zip code of 85310. The APN numbers associated with this land are 102-16-002D, 002E, 002F, 002G, and 002H. Phoenix is experiencing robust economic growth, fueled by a booming job market and a strong presence in high-technology, manufacturing, bioscience, and advanced business services. This makes it an attractive location for both developers and future residents, ensuring a high potential for return on investment. The strategic location near major thoroughfares offers excellent accessibility and visibility, further enhancing its development potential. This is a rare opportunity to acquire a significant land holding in one of the fastest-growing and most dynamic markets in the United States. Don't miss this chance to capitalize on the exceptional growth trajectory of Phoenix.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.29
    Latitude
    33.5167

    Comparable in this City

    • Value Estimation by Request
      1.43 Acres

      3630 Happy Vly Rd

      VACANT COMMERCIAL LAND • 1.43 Acres
      3630 Happy Vly Rd, Glendale, AZ 85310-3407
      View Details
    • Value Estimation by Request
      14,742 SF

      6640 Happy Vly Rd

      DRUG STORE, PHARMACY • 14,742 SF
      6640 Happy Vly Rd, Glendale, AZ 85310-2612
      View Details
    • Value Estimation by Request
      3,799 SF

      6535 Happy Vly Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,799 SF
      6535 Happy Vly Rd, Glendale, AZ 85310-2606
      View Details
    • Value Estimation by Request
      4,922 SF

      6750 Deer Vly Rd

      SHOPPING CENTER, STRIP CENTER • 4,922 SF
      6750 Deer Vly Rd, Glendale, AZ 85310-5954
      View Details
    • Value Estimation by Request
      13,820 SF

      23630 35th Dr

      LIGHT INDUSTRIAL • 13,820 SF
      23630 35th Dr, Glendale, AZ 85310-4503
      View Details
    • Value Estimation by Request
      21,425 SF

      6735 Hillcrest Blvd

      HOMES (RETIRED, NURSING) • 21,425 SF
      6735 Hillcrest Blvd, Glendale, AZ 85310-5958
      View Details

    Similar Nearby for Sale

    • $430,000
      0.70 Acres

      Residential Land in Tuscany Hills

      Residential land for custom home in exclusive Tuscany Hills community.
      24213 N 65Th Ave, Glendale, AZ 85310
      View Details
    • $425,000
      0.89 Acres

      Glendale Homesite with Mountain Views

      0.89-acre cul-de-sac lot in Thunderbird Vistas neighborhood.
      6152 W Alameda Rd, Glendale, AZ 85310
      View Details
    • $575,000
      Pending

      Glendale Land Parcel, No HOA

      1.25-acre lot in Glendale with mountain views, ready to build.
      6425 W Soft Wind Dr, Glendale, AZ 85310
      View Details
    • $375,000
      0.61 Acres

      Glendale Land with Mountain Views

      Exceptional lot with mountain, sunset, and city light views.
      6161 W Alameda Rd, Glendale, AZ 85310
      View Details
    • $3,200,000
      12,264 SF

      Industrial Building For Sale

      Industrial building with HVAC and potential fenced yard.
      23640 N 35Th Dr, Glendale, AZ 85310
      View Details
    • $10,905,280
      41 SF

      Two Industrial Buildings with Yard

      Two industrial buildings totaling 41,152 SF with fenced yard.
      23619 N 35 Dr | Glendale, Glendale, AZ 85310
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Outparcel Near TSMC

      0.91 acre outparcel for lease or sale in Glendale.
      23402 N 41St Ave, Glendale, AZ 85310
      View Details
    • Contact for pricing
      15,500 SF

      Argento on 67th: Prime Retail Space

      Modern Retail/Office, North Phoenix
      23423 67Th Ave, Phoenix, AZ 85310
      View Details
    • $1.25 SF/Yr
      15,000 SF

      Glendale Warehouse with Fenced Yard

      15,000 SF warehouse with fenced yard available for lease.
      23639 N 35Th Dr, Glendale, AZ 85310
      View Details
    • Contact for pricing
      3,401 SF

      Upscale Glendale Shopping Center Space

      Neighborhood shopping center anchored by Safeway in Glendale, Arizona.
      3770-3880 W Happy Valley Rd, Glendale, AZ 85310
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Fry's-Anchored Center

      Inline retail space with excellent access and visibility.
      6625-6635 W Happy Valley Rd, Glendale, AZ 85310
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in North Canyon

      Retail space available in a vibrant Glendale shopping center.
      23425 N 39Th Dr, Glendale, AZ 85310
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    107th Ave & Camelback Rd
    Phoenix, AZ 85310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.