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Property profile & analytics
OFF-MARKET Estimated value $550,000
Commercial land

24423 185th Ave Surprise, AZ 85387-9633

3.72 ac lot
Entity Owned 5-yr Hold Free & Clear
Property ID
US07-1798230
Property summary
AI-generated overview

This exceptional 3.72-acre commercial land parcel presents a remarkable development opportunity in Surprise, Arizona. Strategically located on North 185th Avenue, the property boasts significant highway frontage along Grand Avenue (US 60), a major thoroughfare with a high traffic volume. The 2018 Annual Average Daily Traffic (AADT) count was recorded at 20,600 vehicles per day, ensuring substantial visibility and accessibility for any future development. The property's Assessed Parcel Number (APN) is 503-73-028U. Preliminary discussions with city staff have indicated support for retail condominium development, suggesting a viable path for potential projects. This prime location in Maricopa County, Arizona, offers exceptional potential for businesses seeking high visibility and convenient access to a bustling transportation corridor. The zip code for this property is 85387. The coordinates are 33.691929 latitude and -112.419872 longitude. This land presents a unique chance to capitalize on a high-traffic area and create a thriving commercial venture. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 3.72 ac (162,038 SF)
Zoning code R1-43
APN 503-73-028U
UPID US07-1798230
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
$550k
Owner & transaction history
Identico INC · 5 yrs held
Identico INC
since 2021
Last sale
$552,000
6 recorded transactions
2021
$552,000
2011
$77,000
2005
$745,000
1999
Price N/A
1993
Price N/A
1988
Price N/A
Zoning & alternative use
R1-43 · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source municipal code
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