Property profile

238 & Smith Enke Rd Maricopa, AZ 85138

OFF-MARKET
Land
141 ac lot
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Property summary

AI-generated overview

This exceptional 141-acre parcel, located at the intersection of Highway 238 and Smith Enke Road in Maricopa, Arizona (zip code 85138), presents a unique investment opportunity for large-scale residential development. Zoned for Medium Density Residential (2-6 DU/AC), this property allows for the creation of a thriving suburban community. The expansive lot size provides ample space for a variety of residential designs, catering to diverse housing needs. The APN numbers are 510-15-002C and 510-15-002F. The property's location offers convenient access to key areas, with an approximate 40-47 minute drive to Downtown Phoenix and Phoenix Sky Harbor International Airport, and a 23-28 minute drive to the Price Road Corridor. The surrounding area is characterized by planned, single-family residential neighborhoods, incorporating significant open space, recreational amenities, and essential community facilities such as schools and churches. This land offers a compelling opportunity to develop a vibrant and desirable residential community in a rapidly growing area. The asking price for this significant land parcel is $11,000,000.

Property profile

Verified
Property type Land
Lot 141 ac (6,141,960 SF)

Cap rate & NOI

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

Location

238 & Smith Enke Rd Maricopa, AZ 85138
Maricopa 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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