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    Property profile & analytics
    OFF-MARKET Estimated value $1,500,000
    Industrial land

    23311 18th Dr, Phoenix, AZ 85027-6303

    1.1 ac lot
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US07-1035912
    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
    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
    $1.50M
    Owner & transaction history
    All Other Prop Ltd Liability Prtnrs · 4 yrs held
    All Other Prop Ltd Liability Prtnrs
    since 2022
    Last sale
    $1.5M
    7 recorded transactions
    2022
    $1.5M
    2021
    2020
    $545,000
    2018
    $386,000
    2007
    $735,000
    2007
    1969
    Zoning & alternative use
    I-P · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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