Technical
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Property profile

23490 Jomax Rd Surprise, AZ 85387

OFF-MARKET
Land
18.25 ac lot
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Property summary

AI-generated overview

This exceptional 18.25-acre parcel, located at 23490 W Jomax Rd, Surprise, AZ 85387, presents a unique investment opportunity in the rapidly expanding Surprise West Valley. Boasting PAD zoning, this flat land is ideally suited for immediate development, requiring minimal site preparation. The property's strategic location offers convenient access to major highways, including I-10, and proximity to the Loop 303 development. The expansive lot, extending 1,160 feet north along 235th Ave from the intersection of Jomax Rd and 235th Ave, provides ample space for a variety of commercial or residential projects. The property's eight parcels (APN: 503-33-002-N,P,Q,R,S,T,U,V) are currently assessed at a combined annual tax rate of $12. Given the explosive residential growth in the West Valley and the potential for future I-11 development nearby, this property represents a rare and highly desirable investment opportunity. The asking price is $990,000. Don't miss this chance to secure a prime piece of land in one of Arizona's fastest-growing areas.

Property profile

Verified
Property type Land
Lot 18.25 ac (794,970 SF)

Cap rate & NOI

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

Location

23490 Jomax Rd Surprise, AZ 85387
Surprise 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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