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    OFF-MARKET
    Land

    12838 Paradise Ln, Surprise, AZ 85378

    3.36 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.36-acre land parcel in Surprise, Arizona, presents a prime opportunity for the development of a 52-unit townhome community. The property, located at 12838 W Paradise Ln, Surprise, AZ 85378 (APN 501-18-068P), is offered at $2,080,000 fee simple. It boasts full approvals and is ready for immediate development, eliminating lengthy permitting processes. Situated within the Surprise Heritage District, this site benefits from its location in both a Qualified Opportunity Zone (QOZ) and a designated Downtown Development Area (DDA) and Qualified Census Tract (QCT), potentially offering significant tax advantages. The strategic location provides convenient access to major transportation arteries, including US-60, Loop 101, and Loop 303, ensuring excellent connectivity for future residents. The SHD-RO zoning designation in Maricopa County supports the proposed townhome development. This is a rare opportunity to acquire a fully permitted site in a high-growth area, poised for immediate construction and strong returns. Don't miss this chance to capitalize on the thriving Surprise real estate market.

    Property profile
    Verified
    Property type Land
    Lot 3.36 ac (146,536 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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