Property profile

23311 18th Dr Phoenix, AZ 85027

OFF-MARKET
Industrial land
Property ID
US07-1035912
1.1 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 85027 Phoenix property presents a unique opportunity for investors and developers seeking prime commercial or industrial land. Located at 23311 N 18th Dr, this parcel boasts a strategic location within Maricopa County, Arizona. The property is classified as vacant land, offering complete flexibility for future development. Its zoning allows for a variety of commercial and industrial uses, making it ideal for a wide range of projects. The site's coordinates are 33.696805 latitude and -112.097759 longitude, providing easy access to major transportation routes and facilitating efficient logistics. Given its vacant status, there is no existing monthly rent. This presents a blank canvas for creating a tailored development that meets specific business needs. The property's size and location within the thriving Phoenix metropolitan area offer significant potential for long-term growth and return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional land parcel. The property is ready for immediate development, offering a rare chance to secure a strategic location in a dynamic market. This is an excellent opportunity to capitalize on the robust Phoenix commercial and industrial real estate sector.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.1 ac (47,825 SF)
Zoning code I-P
APN 209-02-184
UPID US07-1035912

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23311 18th Dr Phoenix, AZ 85027-6303
Phoenix metro Census 614700 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.50M

Owner & transaction history

since 2022
Last sale
$1.5M
7 recorded transactions
2022
$1.5M
2021
Price N/A
2020
$545,000
2018
$386,000
2007
$735,000
2007
Price N/A
1969
Price N/A

Zoning & alternative use

I-P · Phoenix, AZ

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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