238 & Smith Enke Rd, Maricopa, AZ 85138
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.
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.