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    3310 Jomax Rd Phoenix, AZ 85083

    For Sale
    $4,800,000

    Phoenix, AZ: 18.93 Acres, R1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 18.93-acre parcel in Phoenix, Arizona, presents a unique opportunity for luxury residential development. Located at 3310 W Jomax Rd, near the intersection of 35th Avenue and W Mulholland Drive, this hillside property boasts picturesque views and a prime location in the rapidly growing North Valley. The property is zoned R1-18 (96%) / S-1 (4%), offering flexibility for high-end custom home construction. Its strategic location provides convenient access to the I-17 freeway, facilitating easy commutes throughout the Valley and to Northern Arizona. Furthermore, it's approximately 12 minutes south of the TSMC plant, benefiting from the economic growth in the area. The site's APN numbers are 205-03-005-A,C, 205-03-017, 205-03-016-A, B, and 205-03-015-A,B. The surrounding area exhibits a strong median household income of $107,727 within a 3-mile radius, indicating a high-demand market for luxury homes. This property is ideal for discerning developers seeking to capitalize on the area's growth and create an exclusive residential community. The asking price for this remarkable opportunity is $4,800,000.

    Property Features for 3310 Jomax Rd

    General Information

    Property type
    Land
    Lot Size
    824,591 SF

    HighLights

    • $107,727 median household income within a 3‑mile radius.
    • Picturesque hillside views.
    • Prime location in Phoenix's rapidly growing North Valley.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.13058445477
    Latitude
    33.725627418561

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    FAQs

    What type of property is this?
    Land - Phoenix, AZ: 18.93 Acres, R1 Zoning
    Where is this land located?
    The property is located at 3310 Jomax Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: $107,727 median household income within a 3-mile radius.; Picturesque hillside views.; Prime location in Phoenix's rapidly growing North Valley.
    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
    3310 Jomax Rd Phoenix, AZ 85083
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