11435 Grand Ave El Mirage, AZ 85335
Natural Reserve (NR) Zone. The NR zone preserves or encourages the continuation of lands designated for park use, drainage corridors and natural open space. This district provides additional flexibility through conditional uses to recognize potential mining resources as well as other complimentary uses that may support the integration of park, drainage and n…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
NR · El Mirage, AZNatural Reserve (NR) Zone. The NR zone preserves or encourages the continuation of lands designated for park use, drainage corridors and natural open space. This district provides additional flexibility through conditional uses to recognize potential mining resources as well as other complimentary uses that may support the integration of park, drainage and natural open space lands as an essential component of the existing and future city land use and recreation framework. (2) Rural Area (RA) Zone. The RA zone allows low density, single-family residences and limited agricultural uses within a rural environment. This district prohibits most commercial activities. The lots in the RA zone are generally larger than in other districts, and some limited recreational and public/quasi-public uses are permitted. (3) Suburban Neighborhood (SN) Zone. The SN zone promotes and preserves safe and attractive low-density, single-family neighborhoods. This district prohibits most commercial activities except for certain conditional neighborhood serving uses. The SN zone is generally comprised of medium sized suburban single-family, detached residential lots, but single-family attached uses may be conditionally permitted. Some limited recreational and public/quasi-public uses are permitted. (4) Mobile/Manufactured Park (MP) Zone. The MP zone accommodates residential communities designed for mobile home and manufactured home dwelling units in a park like setting. Some limited recreational and public/quasi-public uses are permitted. (5) Mixed Urban (MU) Zone. The MU zone enhances the character of and creates a unique identity for the original city center, to protect existing residential neighborhoods by creating zoning suitable to the area’s unique development pattern, while also attracting quality development and redevelopment in particular areas of the city. Uses in this district include a diverse range of housing types ranging from single-family, detached to single-family, attached residences. The MU zone also supports neighborhood scale commercial and office uses. It is the intent of the MU zone to encourage physical development that is of high quality and is compatible with the character, scale, and function of its surrounding area. Development within this zone may also contain a compatible mix of residential and non-residential uses (mixed-use) in close proximity to each other, rather than separating uses. (6) Urban Corridor (UC) Zone.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.