Property profile

3310 Jomax Rd Phoenix, AZ 85083

OFF-MARKET
Land
18.93 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 18.93 ac (824,591 SF)

Cap rate & NOI

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

Location

3310 Jomax Rd Phoenix, AZ 85083
Phoenix metro
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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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