23490 Jomax Rd Surprise, AZ 85387
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.