Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    366XX 35Th Ave New River, AZ 85086

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    366XX 35Th Ave New River, AZ 85086

    View on Map
    • Land
    • 2.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 366XX 35Th Ave

    Lot size
    2.50 lot acres
    Property type
    Land

    Description

    This exceptional 2.5-acre parcel in desirable North Phoenix, located at 366XX N 35th Avenue, Phoenix, AZ 85086 (APN 203-39-004-H), presents a unique opportunity to build your dream home. Situated in Maricopa County, this property offers breathtaking panoramic views of sunrises, sunsets, and city lights. The land is zoned for residential use, providing the freedom to design and construct a custom home without the restrictions of a homeowner's association. With a total asking price of $249,000, this translates to a price per acre of $99,600. The property's convenient location offers easy access to amenities and is only five minutes away from the TSMC plant, adding to its significant appeal. This is a rare chance to acquire a substantial lot in a prime North Phoenix location, allowing for the creation of a truly exceptional and luxurious residence. The expansive acreage provides ample space for a large home, landscaping, and other amenities, making it an ideal location for those seeking privacy and tranquility while still being close to urban conveniences. Don't miss this opportunity to build your dream home in this highly sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New River
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.134
    Latitude
    33.835

    Comparable in this City

    • Value Estimation by Request
      1.22 Acres

      36822 17Th Ave

      Land • 1.22 Acres
      36822 17Th Ave, Phoenix, AZ 85086
      View Details
    • Value Estimation by Request

      755 Honda Bow Rd

      Land
      755 Honda Bow Rd, Phoenix, AZ 85086
      View Details
    • Value Estimation by Request
      12.47 Acres

      34600 12Th St

      Self storage facilities • 12.47 Acres
      34600 12Th St, Phoenix, AZ 85086
      View Details
    • Value Estimation by Request
      3.96 Acres

      Carefree Hwy

      Land • 3.96 Acres
      0 Carefree Hwy, Phoenix, AZ 85086
      View Details
    • Value Estimation by Request
      10.84 Acres

      36408 Black Cyn Hwy

      MOBILE HOME PARK, TRAILER PARK • 10.84 Acres
      36408 Black Cyn Hwy, Phoenix, AZ 85086-7021
      View Details
    • Value Estimation by Request
      4.06 Acres

      36408 Black Cyn Hwy

      MOBILE HOME PARK, TRAILER PARK • 4.06 Acres
      36408 Black Cyn Hwy, Phoenix, AZ 85086-7021
      View Details

    Similar Nearby for Sale

    • $141,500

      Phoenix Land Parcel For Sale

      Land parcel available in Phoenix, Arizona.
      37820 N 31St Ave, Phoenix, AZ 85086
      View Details
    • New
      $179,000
      2.50 Acres

      Hillside Lot in Desert Hills

      2.5 acre hillside lot with views in Desert Hills.
      27xx W Maddock Rd, Phoenix, AZ 85086
      View Details
    • $289,000

      Phoenix Land Parcel For Sale

      Land parcel available in Phoenix, Arizona.
      36625 N 22Nd St, Phoenix, AZ 85086
      View Details
    • Contact for pricing

      Land Near Anthem, Arizona

      Rural land near Anthem, Arizona, gateway to Northern Arizona.
      755 W Honda Bow Rd, Phoenix, AZ 85086
      View Details
    • Contact for pricing

      Land Near Anthem, Arizona

      Land near Anthem, Arizona, gateway to Northern Arizona.
      42828 N 7Th Ave, New River, AZ 85086
      View Details
    • Contact for pricing

      Land Near Anthem, Arizona

      Land near Anthem, Arizona, gateway to Northern Arizona.
      42828-43012 N 7Th Ave, New River, AZ 85086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,965 SF

      Retail Space Near Interstate 17

      Retail space with easy access to Interstate 17.
      3655-3720 W Anthem Way, Anthem, AZ 85086
      View Details
    • Contact for pricing
      2,385 SF

      Anthem Way Retail Space Available

      Retail space in a well-located Anthem shopping center.
      3668 W Anthem Way, Anthem, AZ 85086
      View Details
    • Contact for pricing
      5,707 SF

      Phoenix Warehouse Space Available

      5,707 SF warehouse space for lease in Phoenix.
      41780 N Vision Way, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      1,523 SF

      Medical Office in Anthem, Arizona

      Move-in ready medical offices with high-traffic location and ample parking.
      3624 W Anthem Way, Anthem, AZ 85086
      View Details
    • Contact for pricing

      Retail Space in Anthem, AZ

      Retail space available for lease in Phoenix, Arizona.
      42407 N Vision Way, Phoenix, AZ 85086
      View Details
    • Contact for pricing

      Retail Space in Anthem, Arizona

      Retail space available for lease in Anthem, Phoenix, Arizona.
      42407 N Vision Way, Phoenix, AZ 85086
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    366XX 35Th Ave
    New River, AZ 85086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!