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22870 21st Ave Phoenix, AZ 85027

OFF-MARKET Warehouses Google Maps
3,315 SF 10.6 ac lot Built 1995
Entity Owned 7-yr Hold Free & Clear
Estimated value (blended)
$740k
Range $666k – $814k (±10%)
Property ID US07-0944672

Property summary

AI-generated overview

This exceptional 10.6-acre industrial land parcel presents a remarkable investment opportunity in the thriving Phoenix, Arizona market. Located at 22870 N 21st Ave, this property boasts a highly desirable A-1 zoning designation from the City of Phoenix, offering significant development potential. The expansive lot size provides ample space for a variety of industrial uses, making it ideal for businesses seeking to establish a substantial presence in this dynamic region. The property's address is 22870 N 21st Ave, Phoenix, AZ 85027, and its convenient location offers easy access to major transportation arteries, ensuring seamless logistics and efficient distribution networks. With its strategic location and flexible zoning, this property is poised for significant growth and return on investment. The parcel's Assessed Property Number (APN) is 209-03-293. The asking price for this exceptional opportunity is $4,617,360. This translates to a price per square foot of $10.00. Don't miss this chance to acquire a prime piece of industrial real estate in one of the fastest-growing markets in the country. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1995
Construction STEEL FRAME
Total area 3,315 SF
Lot 10.6 ac (461,790 SF)
Zoning code A-1
APN 209-03-293
UPID US07-0944672

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$1.37M
Blend (final) Blend
$740k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2011
Price N/A
2009
Price N/A

Zoning & alternative use

A-1 · Phoenix, AZ
Zoning description

The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $1.4M +69.0%
Office building $1.2M +48.4%
Retail stores $990,000 +19.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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