Property profile

0 27Th Ave Phoenix, AZ 85085

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

27Th Ave Phoenix, AZ 85085
Phoenix metro
Google Maps

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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