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    OFF-MARKET
    Land

    3310 Jomax Rd, Phoenix, AZ 85083

    18.93 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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