Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    34600 N 12Th St Phoenix, AZ 85086

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    34600 N 12Th St Phoenix, AZ 85086

    View on Map
    • Commercial land
    For Sale
    $6,518,318
    View Listing →
    Carefree Highway Development Opportunity For Sale
    $6,518,318

    Carefree Highway Development Opportunity

    12.47-acre self-storage and flex showroom development site for sale.

    34600 N 12th St, Phoenix, AZ 85086
    View Listing
    Property ID
    US07-1678292
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 34600 N 12Th St

    Property type
    Commercial land
    Property subtype
    Self storage facilities

    Description

    CAREFREE HIGHWAY SELF STORAGE & FLEX SHOWROOM DEVELOPMENT FOR SALE 12.47 Acres | Nearly Shovel-Ready | Zoning Case Pending | Maricopa County Island | Strategic Corridor Near $100B TSMC Campus EXECUTIVE SUMMARY An extraordinary opportunity to acquire a strategically positioned self-storage and flex showroom development site along the Carefree Highway corridor, one of the fastest-growing regions in the Phoenix metro area. This project is professionally designed with visibility, access, and functionality in mind. It includes over 500 drive-up storage units and a dynamic showroom/office component to support community and small business users. Situated on a 12.47-acre parcel within an unincorporated Maricopa County Island, the property benefits from an active zoning case requesting C-2/C-3 commercial entitlements, offering flexible future uses and a streamlined path to vertical development. With entitlements well underway and site planning complete, the project is nearly shovel-ready — allowing a new owner to accelerate timelines and capture near-term market demand. The site lies just minutes from the $100 billion Taiwan Semiconductor Manufacturing Company (TSMC) campus, placing it in the path of explosive industrial and residential growth. INVESTMENT OPPORTUNITY This offering presents a rare chance to acquire a nearly shovel-ready development with entitlement momentum and direct exposure to one of the strongest industrial and technology-driven submarkets in Arizona. Whether held for build-to-suit, lease-up, or resale, the project represents an ideal blend of timing, location, and forward-looking demand.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.056816
    Latitude
    33.80163

    Comparable in this City

    • Contact for pricing
      25,000 SF

      1.61 Acres in Anthem

      1.61 acres of commercial land with I-17 frontage.
      41715 N 41St Dr, Phoenix, AZ 85086
      View Details
    • $200,000
      6,716 SF

      Improved Pads in Anthem Community

      Two improved commercial pads in master-planned Anthem community.
      4111 W Innovative Dr, Phoenix, AZ 85086
      View Details
    • $1,213,125

      Industrial Space in Anthem Commerce

      Industrial space with office and warehouse components in Phoenix, Arizona.
      4235 W Opportunity Way, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      4,836 SF

      Restaurant Pad in Tramanto Marketplace

      Located in a high-traffic shopping center near major employers.
      3160 W Carefree Hwy, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      11,533 SF

      Spacious Industrial Condo with Office

      Industrial condo with warehouse, office, and gated parking.
      23320 N 18Th Dr, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      2,153 SF

      Anthem Office/Medical Condo For Sale

      Office/Medical condo available for sale in Anthem, Arizona.
      42104 N Venture Dr Bldg D, Anthem, AZ 85086
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      1.61 Acres in Anthem

      1.61 acres of commercial land with I-17 frontage.
      41715 N 41St Dr, Phoenix, AZ 85086
      View Details
    • $200,000
      6,716 SF

      Improved Pads in Anthem Community

      Two improved commercial pads in master-planned Anthem community.
      4111 W Innovative Dr, Phoenix, AZ 85086
      View Details
    • $1,213,125

      Industrial Space in Anthem Commerce

      Industrial space with office and warehouse components in Phoenix, Arizona.
      4235 W Opportunity Way, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      4,836 SF

      Restaurant Pad in Tramanto Marketplace

      Located in a high-traffic shopping center near major employers.
      3160 W Carefree Hwy, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      11,533 SF

      Spacious Industrial Condo with Office

      Industrial condo with warehouse, office, and gated parking.
      23320 N 18Th Dr, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      2,153 SF

      Anthem Office/Medical Condo For Sale

      Office/Medical condo available for sale in Anthem, Arizona.
      42104 N Venture Dr Bldg D, Anthem, AZ 85086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,707 SF

      Phoenix Warehouse Space Available

      5,707 SF warehouse space for lease in Phoenix.
      41780 N Vision Way, Phoenix, AZ 85086
      View Details
    • Contact for pricing

      Retail Space in Anthem, Arizona

      Retail space available for lease in Anthem, Phoenix, Arizona.
      42407 N Vision Way, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      1,944 SF

      Former Hair Salon Space Available

      1,944 SF retail space in high-income Phoenix area.
      3110-3170 W Carefree Hwy, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      5,480 SF

      Medical Office Complex For Rent

      Move-in ready medical offices in a four-building complex.
      3618 W Anthem Way, Anthem, AZ 85086
      View Details
    • Contact for pricing
      1,309 SF

      Anthem Way Retail Space Available

      Retail space with great visibility near I-17 freeway.
      4208 W Anthem Way, Anthem, AZ 85086
      View Details
    • Contact for pricing
      2,965 SF

      Retail Space Near Interstate 17

      Retail space with easy access to Interstate 17.
      3655-3720 W Anthem Way, Anthem, AZ 85086
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34600 N 12Th St
    Phoenix, AZ 85086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!