Property profile

227th Ln Surprise, AZ 85378

OFF-MARKET
Land
9.11 ac lot
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Property summary

AI-generated overview

This exceptional 9.11-acre parcel presents a unique investment opportunity in the rapidly growing Surprise, Arizona market. Located off Sun Valley Parkway and 219th Avenue, this property enjoys a prime position adjacent to the thriving Mesquite Mountain Ranch housing development and is surrounded by other promising residential projects. The land is conveniently accessed via 227th Lane and is entirely level, simplifying development plans. The property boasts significant advantages, including readily available city water and sewer services, eliminating infrastructure concerns. Furthermore, its location outside designated flood zones ensures peace of mind for future development. The asking price is $850,000, translating to approximately $109,769.48 per acre. This represents a compelling value proposition considering the property's location, size, and the robust real estate market in the area. The proximity to existing amenities and the availability of similar parcels for comparison further enhance its appeal to discerning investors and developers seeking a strategic land acquisition in a high-growth region. The property's APN is 503-80-003-Q. Zoned for single-family residential use, this land offers significant potential for a variety of residential development projects.

Property profile

Verified
Property type Land
Lot 9.11 ac (396,832 SF)

Cap rate & NOI

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

Location

227th Ln Surprise, AZ 85378
Surprise 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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