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    Litchfield Rd Peoria, AZ 85387

    Sponsored
    For Sale
    $6,862,265

    15 Acres Commercial/Industrial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15-acre parcel presents a compelling investment opportunity in the rapidly growing city of Surprise, Arizona. Located at the Northwest corner of Litchfield Road and Peoria Avenue, this property boasts a highly desirable Community Commercial zoning designation, offering significant development potential. Its strategic location provides easy access to major transportation arteries, including Loop 303 (3 miles), Northern Parkway (1.5 miles), I-10, Loop 101, and US 60, ensuring seamless connectivity throughout the region. The site's proximity to Luke Air Force Base (2 miles), a significant employment center projected to employ 13,900 by 2026, further enhances its value. Adding to its appeal is its location near Surprise Stadium (5 miles), home to the Kansas City Royals and Texas Rangers spring training, and its adjacency to the Southwest Railplex Corridor. The property is surrounded by established blue-chip corporate neighbors and thriving industrial developments, indicating a strong and stable market. Surprise itself is experiencing remarkable growth, with a current population nearing 155,000, an average household income of $83,042, and a median age of 41.2. This combination of strategic location, favorable zoning, and robust market dynamics makes this 15-acre land parcel an exceptional investment opportunity with significant long-term potential. The asking price is $6,862,265.

    Property Features for 0 Litchfield Rd

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • 15‑acre parcel in Surprise, AZ, at Litchfield Rd & Peoria Ave.
    • Community Commercial zoning allows for significant development.
    • Excellent access to Loop 303, Northern Parkway, I‑10, Loop 101, and US 60.
    • Near Luke Air Force Base (2 miles) and Surprise Stadium (5 miles).
    • Surrounded by established businesses and industrial developments in a rapidly growing area.
    • Asking price: $6,862,265.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.35910208793
    Latitude
    33.580286813344

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    FAQs

    What type of property is this?
    Land - 15 Acres Commercial/Industrial Land
    Where is this land located?
    The property is located at Litchfield Rd Peoria, AZ.
    What is the asking price?
    The asking price for this property is $6,862,265.
    What are key features of this property?
    This property features: 15-acre parcel in Surprise, AZ, at Litchfield Rd & Peoria Ave.; Community Commercial zoning allows for significant development.; Excellent access to Loop 303, Northern Parkway, I-10, Loop 101, and US 60.
    Request Owner's contact information
    Litchfield Rd Peoria, AZ 85387
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    Peoria, AZ 85387
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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
    Litchfield Rd Peoria, AZ 85387
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