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Property profile

0 73Rd Ave Peoria, AZ 85383

OFF-MARKET
Land
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5 ac lot

Property summary

AI-generated overview

This exceptional 5-acre commercial land parcel in Peoria, Arizona, presents a unique investment opportunity. Located in a highly desirable area near Happy Valley Road, this property boasts stunning mountain views and is surrounded by million-dollar homes, offering significant development potential. The R-43 zoning allows for a variety of uses, and the parcel has the potential to be subdivided into five individual lots, maximizing its value. The property's convenient location provides quick access to numerous amenities in the North Valley, including Lake Pleasant (23 minutes), Thunderbird Conservation Park (8 minutes), and Westgate (20 minutes). The address is 0 N 73rd Avenue, Peoria, AZ 85383, with a Maricopa County APN of 201-13-048. The asking price is $2,000,000, translating to $400,000 per acre. This represents a compelling opportunity to acquire a prime piece of land in a thriving community, offering both immediate and long-term investment potential. The lot size falls within the 5-9.99 acre range. This property offers the best of both worlds – a tranquil setting with easy access to urban conveniences.

Property profile

Verified
Property type Land
Lot 5 ac (217,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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