47818 Wagon Wheel Ln New River, AZ 85087
This exceptional 6.57-acre land parcel in New River, Arizona, presents a unique investment opportunity. Located in Maricopa County, this property consists of five contiguous parcels (APN: 202-11-025E, 202-11-025C, 202-11-024, 202-11-011B, 202-11-023C) zoned R-43, offering significant potential for residential development. Situated less than one mile east of Interstate 17 and only 16 miles north of the Phoenix-Deer Valley Airport, this location provides convenient access to major transportation routes and amenities. The property's proximity to Lake Pleasant (approximately 20 miles) and the growing community of Anthem (3.5 miles) further enhances its appeal. Previously part of a larger seven-parcel listing, this land is currently being auctioned in four separate packages by the Maricopa County Flood Control District. This is speculative land in a rapidly developing area, presenting a compelling opportunity for investors seeking to capitalize on the growth of the New River region. The property's size and zoning make it suitable for a variety of residential projects. Detailed information on the auction process is available upon request. Don't miss this chance to acquire a significant land holding in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.