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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

83rd Ave & Thomas Rd Phoenix, AZ 85037

1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at the Northwest corner of 83rd Avenue and Thomas Road in Phoenix, Arizona (APN 102-23-004F), presents a unique investment opportunity. Zoned LC, this parcel boasts a substantial lot size ranging from 1 to 2.69 acres, with dimensions of approximately 685 feet by 244 feet. Its strategic location offers significant advantages, situated directly across from a new elementary school, ensuring high visibility and potential for strong tenant demand. The property's infrastructure includes 12-inch ACP water lines and sewer lines conveniently located at the southwest and southeast corners of the property. Furthermore, its proximity to major transportation arteries and established commercial centers enhances its appeal. Within one mile lies the Desert Sky Mall and Algodon Medical Campus, providing immediate access to a large consumer base and a significant workforce. The property is also conveniently located 1.5 miles from the Loop 101 Freeway and one mile north of Interstate 10, ensuring excellent accessibility for both employees and customers. This versatile land parcel is ideal for the development of a multi-tenant building or other commercial ventures, capitalizing on the area's growth and high demand. The potential for significant return on investment makes this property a compelling opportunity for discerning investors. The zip code is 85037, and the property is in Maricopa County.

Property profile
Verified
Property type Retail properties & Spaces
Lot 1 ac (43,560 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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