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    FOR SALE
    Commercial land

    12784 N Litchfield Rd, Surprise, AZ 85379

    9.83 ac lot
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US07-2197639
    12784 N Litchfield Rd, Surprise, AZ 85379 For Sale
    $2,350,000
    12784 N Litchfield Rd, Surprise, AZ 85379
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    Property summary
    AI-generated overview

    This exceptional 152,460 square foot commercial land parcel is situated at 12784 N Litchfield Rd, Surprise, AZ 85379 (APN: 501-40-739). Zoned C-1, C-2, Business Park, and I-1, this property presents a unique investment opportunity in a rapidly expanding area. The site benefits from its adjacency to the sold-out Marley Park master-planned community, boasting an average household income of $119,669 and a demographic of young families. Litchfield Road is experiencing explosive growth, with over 5 million square feet of industrial space currently under construction or planned, generating an anticipated 4,000+ new jobs within three years. This surge in employment, coupled with the existing affluent residential population, creates a significant underserviced market for retail, restaurants, entertainment, medical facilities, and office space. The property enjoys a full signalized intersection, excellent access to freeways (including proximity to Loop 303 and the Northern Parkway), and is conveniently located near Luke Air Force Base and within a 30-minute drive of TSMC. With over 1 million people within a 30-minute drive and a 488,300-person workforce within the same radius, this location offers unparalleled access to a substantial consumer base. Furthermore, the property's location within one day's delivery zone of Southern California ports adds to its strategic appeal. Traffic counts on Litchfield Road have increased by 23% in the past year, highlighting the area's dynamic growth trajectory. This is an exceptional opportunity to capitalize on the burgeoning commercial development in South Surprise.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 9.83 ac (428,190 SF)
    Zoning code PAD
    APN 501-40-739
    UPID US07-2197639
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.35M
    Owner & transaction history
    Sweetwater Industrial Partners LLC · 4 yrs held
    Sweetwater Industrial Partners LLC
    since 2022
    Last sale
    $2.3M
    7 recorded transactions
    2022
    $2.3M
    2021
    $1.1M
    2018
    2013
    2013
    $321,441
    2011
    2011
    $612,989
    Zoning & alternative use
    PAD · Surprise, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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