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    OFF-MARKET
    Land

    238 & Smith Enke Rd, Maricopa, AZ 85138

    141 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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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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