Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    27Th Ave Phoenix, AZ 85085

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    27Th Ave Phoenix, AZ 85085

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lil' Paws Learning Center / Training Center / Tutoring Service
    • PROformance Vend USA / Big Box & Wholesale Store
    • Reynolds Electric / Electrical Service / General Contractor
    • N 27 Auto & Tire Repair / Auto Repair Shop
    • JenBu LLC Used Cars Dealership / Car Dealership

    Property Details for 0 27Th Ave

    Property type
    Land

    Description

    This exceptional 2.21-acre commercial land parcel is ideally situated in Phoenix, Arizona, at the intersection of North 27th Avenue and West Jomax Road (APN: 205-04-021C). Zoned S-1, this level lot boasts approximately 330 feet of frontage on North 27th Avenue. The property enjoys convenient access to major transportation arteries, including Interstate 17, Loop 101, and Loop 303 freeways, providing seamless connectivity throughout the Phoenix metropolitan area. The area is experiencing significant growth, with a mix of residential and commercial properties surrounding the site. Nearby amenities include a recently opened Frye's Food and Drug anchored retail center featuring popular national chains such as Chick-fil-A and McDonald's. Furthermore, the property benefits from its proximity to substantial employers, including USAA Insurance, WL Gore & Associates, John C. Lincoln Hospital, Scottsdale Healthcare Hospital, the Phoenix FBI Field Office, American Express, Deer Valley Airport, and the Central Arizona Project headquarters. The burgeoning Deer Valley and Happy Valley Town Centers, offering diverse dining, shopping, and entertainment options, are also within minutes. A significant development, the Taiwan Semiconductor Manufacturing Company, is located just 10 minutes away. Water and sewer utilities are available on North 27th Avenue. While all utility locations, access, and treatment capacity should be verified by the buyer during due diligence, the seller will provide qualified buyers with reasonable time to pursue necessary entitlements. The average household income within a 1-mile and 3-mile radius is $122,000 and $114,000, respectively, indicating a strong market for development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.118
    Latitude
    33.7598

    Comparable in this City

    • Value Estimation by Request
      34,848 SF

      2825 Dove Valley Rd

      Land • 34,848 SF
      2825 Dove Valley Rd, Phoenix, AZ 85085
      View Details
    • Value Estimation by Request

      Vly Pkwy & Sonoran Desert Dr

      Land
      0 Vly Pkwy & Sonoran Desert Dr, Phoenix, AZ 85085
      View Details
    • Value Estimation by Request

      711 Happy Valley Rd

      Land
      711 Happy Valley Rd, Phoenix, AZ 85085
      View Details
    • Value Estimation by Request
      0.86 Acres

      Vly Pkwy & Sonoran Desert Dr

      Land • 0.86 Acres
      0 Vly Pkwy & Sonoran Desert Dr, Phoenix, AZ 85085
      View Details
    • Value Estimation by Request
      4.92 Acres

      15Th Ave

      Land • 4.92 Acres
      0 15Th Ave, Phoenix, AZ 85085
      View Details
    • Value Estimation by Request
      5.00 Acres

      2900 Sonoran Desert Dr

      Land • 5.00 Acres
      2900 Sonoran Desert Dr, Phoenix, AZ 85085
      View Details

    Similar Nearby for Sale

    • $750,000
      190,357 SF

      4.37 Acres Desert Land Parcel

      4.37-acre vacant land with mountain views, splitable into 4 parcels.
      3-xx East Paint Your Wagon Trl, Phoenix, AZ 85085
      View Details
    • Contact for pricing

      Phoenix Land Parcel For Sale

      Land parcel available in Phoenix, Arizona.
      28333 North Valley Pkwy, Phoenix, AZ 85085
      View Details
    • New
      $899,000
      4.16 Acres

      Phoenix Land with Mountain Views

      Three parcels of land in Phoenix with mountain views.
      N Central Ave, Phoenix, AZ 85085
      View Details
    • Contact for pricing

      Commercial Land with Highway Access

      C2 zoned land with access to Carefree Highway.
      412 E Carefree Hwy, Phoenix, AZ 85085
      View Details
    • $300,000
      1.39 Acres

      Phoenix Land Parcel Opportunity

      1.4-acre lot in Phoenix, surrounded by high-value homes.
      33521 N 14Th Pl, Phoenix, AZ 85085
      View Details
    • $2,500,000
      2.02 Acres

      Phoenix Land Opportunity Available

      2.02 acres of land for sale in Phoenix, Arizona.
      N 19Th Ave, Phoenix, AZ 85085
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,462 SF

      Prime Phoenix Retail Pad Site

      2.42 Acres, Multiple Tenancy Potential
      0 Vly Pkwy & Sonoran Desert Dr, Phoenix, AZ 85085
      View Details
    • Contact for pricing

      Phoenix Land For Rent

      Land available for rent in Phoenix, Arizona.
      1875 W Happy Valley Rd, Phoenix, AZ 85085
      View Details
    • Contact for pricing

      Phoenix Land Parcel For Rent

      4-acre land parcel available for rent in Phoenix, Arizona.
      1739 W Park View Ln, Phoenix, AZ 85085
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 17

      Commercial land with high traffic and growth potential.
      2820 W Dove Valley Rd, Phoenix, AZ 85085
      View Details
    • Contact for pricing
      3,310 SF

      Outdoor Shopping Center Space

      Retail, restaurant, and service space in Deer Valley.
      2440-2450 W Happy Valley Rd, Phoenix, AZ 85085
      View Details
    • Contact for pricing
      2,800 SF

      Regional Shopping Center Retail Space

      Retail space available in a regional shopping and dining destination.
      2501 W Happy Valley Rd, Phoenix, AZ 85085
      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.
    27Th Ave
    Phoenix, AZ 85085
    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

    Thank You for Inquiry
    27Th Ave, Phoenix, AZ, 85085
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!